Sponsored By: Yesterdayâs Summary Thursday, February 28th, 2019 US stocks were a mixed-bag in Wednesday’s session, with the Dow Jones Industrial Average closing down 73 points or 0.28%. The S&P 500 was more or less flat, closing down just 0.05%. The Nasdaq and Russell 2000, on the other hand, were able to eke out small gains. The […]
Archives for February 2019
“The Predictive Value of Technical Analysis”
Yesterday, David Keller answered a great question from his mailbag: âWhat predictive power does technical analysis really have? Sometimes the signals are just plain wrong.â I think David answers this in a very eloquent, but practical way. As we know, nothing in investing/trading is “perfect”. But in the long run, it is about probabilities. And […]
Daily Chart Report đTuesday, February 26th, 2019
Sponsored By: Yesterdayâs Summary Tuesday, February 26th, 2019 US stocks finished higher in yesterday’s session with the Dow Jones Industrial Average closing higher by 60 points or 0.23%. As for the individual sectors of the S&P 500, the Materials sector was the best performing sector yesterday closing up 0.65%. On the other hand, Real Estate […]
âMomentum Mondayâ with Howard Lindzon
Howard Lindzon and Ivaylo Ivanov were back again this week with some awesome charts. But before we get started, I’d like to point out a bit of sentiment that is shared, and one that I tend to agree with: “Market breadth hasnât been so good in years. We see strength in so many different sectors and […]
Shooting Star Candlesticks
Today, all of the major US stock indices formed what’s referred to by technicians as a shooting star candle on their daily charts. These candles were formed when price gaped up, continued to move higher before reversing and closing lower than where they opened. Shooting star candles are similar to inverted hammer candles, both have short bodies […]
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