As we batten down the hatches for a three-day respite, short-term traders should focus on this key area.
| May 23, 2013
| 9:24 AM EDT
For those interested in the Es, the volume profile chart below has a number of notes and observations on it. I've tried ...
Wednesday’s session wasn’t so much a victory for the bears as it was one for volatility-starved traders.
I would continue to advise caution on the part of short sellers.
Bears won’t have a leg to stand on unless they manage to close Tuesday beneath this key level.
I still see very little for the bulls to worry about.
Here’s the part the bearish cabal is really not going to like.
| May 16, 2013
| 2:46 PM EDT
Since Helene brought up crude oil, I thought I'd throw up a few charts. All three are interesting in their own right, th...
This is one of the most impressive and gravity-defying squeezes I’ve had the pleasure of witnessing.
| May 15, 2013
| 3:33 PM EDT
For those wondering what I believe the bears need to accomplish into the close, I'd point you to 1648.25. The chart belo...