Archive for the ‘Technical Times’ Category
Identifying Wednesday’s Sell-Off
Wednesday saw a dramatic sell-off in the last half hour of trading. While markets were still generally positive on the day, the turn was dramatic. Folks in our chat rooms saw us identify the turn in real time. The video below shows the clues we used and how we intend to figure […]
One Of My Favorite Bearish Setups
When looking at individual stocks in bear markets, one of the setups I scan for is an inverted cup and handle. One is forming now in Ford and there are some added elements that make this a setup worth watching. The pattern and the unique situation are discussed in the video below.
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U. S. Equity Market Outlook
In a recent email we mentioned that our daily analysis in Elliott Squawk has had us preferring the sidelines during recent chop. Many of you have decided to try out the newsletter for yourselves to see how we use this analysis to inform our trading. A few more of you have had some questions about […]
FibGrid Anniversary Special!!!
On this first anniversary of FibGrid I want to tell you about the new version released today, a special offer, and other things happening at the FWTrader web site.
FibGrid Reminiscences
It was just one year ago, over the July 4th holiday, that I was finishing work on a crude web site to begin offering the first […]
Squawk Morning Briefing: Another News-Filled Day
News that the IMF is leaderless as talks on a Greek bailout move forward could lead to some volatile trading, even if the implications for direction remain unclear. We also have U. S. economic data out before the open in the form of the Empire State Manufacturing Survey and Treasury International Capital reports. […]
Squawk Morning Briefing: Bulls Try to Take Control
The bulls are clearly trying to take back control of the U. S. equity markets. We have tried to allow for the move down from February 18th highs to be interpreted as a correction as well as a turn downward and continued bullish activity requires us to give additional weight to the scenario. Nevertheless, that […]
Squawk Morning Briefing: Overnight Action Calls for Caution
The Euro has retraced all of its sharp decline and put in a new high, calling into question what the short-term count might be. Even though the similar decline in equities hasn’t been erased, we remain cautious. At the moment, the count in the DJIA favors a continued decline and we will stick with that […]
Managing Put Ratio Backspreads
I received many positive comments on the video from two weeks ago on Using Put Ratio Backspreads at Possible Market Tops. So I am following up with another video on how to manage those spreads once they’ve been put on. It covers situations when prices move in the direction that was anticipated and when they […]
Using Put Ratio Backspreads at Possible Market Tops
After last weeks post about important resistance I received many questions about how I am trading this. I do not like to make pure directional plays before a move is confirmed and the possible tops in many markets are not confirmed even though FibGrid shows them to be occurring at key resistance levels. One of […]
Squawk Morning Briefing: We’re Bad. We’re Bad. We Know It.
With apologies to Michael Jackson we note that markets on Friday seemed to embrace his notion that bad was good. Wave counting measures the impact of social mood on markets. These two concepts are intertwined and they can reinforce each other until one reverses. When overall mood remains good we can see situations like those […]