Friday Was Bad, But It Could Get Worse

Let’s state the obvious: Friday was bad. All you have to do is look at the chart to know that it was bad. In terms of breadth, there were 523 4% or higher breakdowns Friday on heavier volume. That was the highest number we’ve seen since June 20, 2013, when we 628 breakdowns. That number (528) confirms what the chart of the Nasdaq seems to show – Friday’s action was likely a gamechanger.The bad news when looking at the numbers above is that back in June, the market was already oversold at that point and didn’t have much further to fall. It did sell off two more days following the June 20 selloff, but compared to where we are now, it was much worse when the selloff occured. This is strictly …

via Chart Swing Trader:

Let’s state the obvious: Friday was bad. All you have to do is look at the chart to know that it was bad. In terms of breadth, there were 523 4% or higher breakdowns Friday on heavier volume. That was the highest number we’ve seen since June 20, 2013, when we 628…

For the full article, please visit my website by clicking on the article title above.

For more info: Friday Was Bad, But It Could Get Worse

Chart Swing Trader

Friday Was Bad, But It Could Get Worse

The post Friday Was Bad, But It Could Get Worse appeared first on FX FOREX.

via WordPress http://ift.tt/1f0IJhr



Trading, brothers, chart, courtesy, friday, friday-another, nasdaq, that-it-was, worden

Massive Market Summary of 2013 and Outlook for 2014

Hi traders. The year has come to an end and what a year it was. I made a video that looks back at the overall market action for 2013 and gives a prediction for what I expect to see in 2014. It’s been a long while since we have had a decent sized correction and I think that is certainly a possibility early in the year. I also discuss the leading stocks going into the new year along with setups that are looking good at this point.At the beginning of last year, I made a list of thirteen stocks that I thought looked promising for the year ahead, more for fun than anything else. This is the way that list of thirteen performed in the past year. For …

via Chart Swing Trader:

Hi traders. The year has come to an end and what a year it was. I made a video that looks back at the overall market action for 2013 and gives a prediction for what I expect to see in 2014. It’s been a long while since we have had a decent sized correction and I think that is …

For the full article, please visit my website by clicking on the article title above.

For more info: Massive Market Summary of 2013 and Outlook for 2014

Chart Swing Trader

Massive Market Summary of 2013 and Outlook for 2014

The post Massive Market Summary of 2013 and Outlook for 2014 appeared first on FX FOREX.

via WordPress http://www.evvi.net/4613/trading/massive-market-summary-of-2013-and-outlook-for-2014.html



Trading, charts, courtesy, goals, king, market, thirteen, worden, year

Some Christmas Week Setups

We are moving into a traditionally bullish time of year as funds try to add strong-performing names into their portfolios as the year comes to an end. We’ll see if that holds true again this year soon. Last week was not easy as some names worked great and others were whippy, but if you pick the right names, you can probably get some decent gains over the next few days too. Here are some charts I will be watching. Don’t know that I will be holding any of these – most will be day-trades in a thinner holiday environment, but I would consider holding some of the bigger names.BNFTCAMTDECKEJERIIFBIPCIMGAMTWTRUNTDVIPSXRSYYGOGOZLTQAll Charts from TC2000, Courtesy of Worden Brothers, Inc.Hope everyone has a very happy holiday season. …

via Chart Swing Trader:

We are moving into a traditionally bullish time of year as funds try to add strong-performing names into their portfolios as the year comes to an end. We’ll see if that holds true again this year soon. Last week was not easy as some names worked great and others were whippy, but if you…

For the full article, please visit my website by clicking on the article title above.

For more info: Some Christmas Week Setups

Chart Swing Trader

Some Christmas Week Setups

The post Some Christmas Week Setups appeared first on FX FOREX.

via WordPress http://www.evvi.net/3697/trading/some-christmas-week-setups.html



Trading, charts, courtesy, enjoy-the-day, pick-the-right, thinner-holiday, trading, would-consider, year-as-funds