Aug 312015
 

ACI (Arch Coal) looks ripe for a pullback trade while at the top of this 60 minute rising wedge along with resistance on the daily chart. 7.41 is my minimum target with the 5.30 level my preferred target (note: those are the actual support levels, [continue reading…]

 August 31, 2015 10:31 am  Active Trades - Short, Short Setups Tagged with:
Aug 292015
 

This is a follow-up to yesterday’s Near-term Outlook for U.S. Stocks video. While that video focused on technical developments & likely scenarios based on the daily & intraday charts, this video looks at the big picture from a longer-term perspective while analyzing weekly & monthly charts [continue reading…]

 August 29, 2015 4:57 pm  Equity Market Analysis Tagged with: , , , , , , , , , ,
Aug 282015
 

QQQ is likely headed to one or more of the horizontal lines below following the break & backtest of the 5 minute uptrend line after failing to surmount solid resistance (on the daily charts). I just took SQQQ (3x short QQQ) long which I plan [continue reading…]

 August 28, 2015 1:39 pm  Equity Market Analysis Tagged with: ,
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