Oct
23
Stock Graduate Call Notes 10-23-14: Trade Entries
Market Opportunities What a difference a week makes! The S&P 500 Index closed today at 1950.82 which is just over 130 points higher than the low established last week. With today’s close, the S&P has closed positive on 5 out of the last 6 days. Plus, the S&P broke significantly above the 200 day moving average on Tuesday and is now above the 20 day moving average as it approaches the 50 day moving average. Another positive sign is the Volatility Index (VIX.) This is considered a contrarian indicator. There […]
Oct
23
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Oct
21
Forex Graduate Call Notes 10-21-14: Pattern Review
With chart patterns, they are based on similar requirements and traits. Chart patterns all need to be confirmed before they are considered a chart pattern. Chart patterns all give us a target price to be reached once the pattern is confirmed. Each pattern has a mirror opposite. Patterns are essentially determined by support and resistance levels. For a bullish pattern, the price will have to break through a resistance level to confirm the pattern. For a bearish pattern, the price will need to break support levels. A key point to […]
Oct
21
Protected: Forex Graduate Call 10-21-14: Pattern Review
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