Stock Trading
If you trade stocks online, invest in stocks, trade the stock market, looking for advise on how to trade stocks effectively and looking for the tools to effectively trade the stock market. Including the right tools to research for investing, or day trading or swing trading. Including but not limited to penny stocks and high beta momentum then this tutorial is for you. Technical Analysis Update
Days like today can be demoralizing to traders who see profits disintegrate, stops hit and stocks under distribution. It is precisely at these times that we must "steel" ourselves, and not give up in disgust and self-loathing. Your emotions are your greatest enemy on days like today.
The markets giveth and the markets taketh away. The markets don't care who we are, what we own, how much we need the money to put food on the table or anything else about us. The only thing that matters in such situations as we are now experiencing is that you do not quit. Do not quit.
Things always look terrible when we are near a tradeable bottom. It is those who do not panic, stay the course and continue to believe in themselves who will survive to play another day.
Be strong, persevere, never give up, and you will be rewarded. Continue to see opportunity where others see only chaos and panic.
A excerpt from "Fifty Years in Wall Street" by Henry Clews:
"Mr. John D. Rockefeller attributes his success to early training and perseverance. That is, like other men who have stamped their individuality upon the affairs of mankind, he is what is termed a causationist; in other words, he believes that nothing is got for nothing, that effects proceed from causes, and the cause of success he believes to be largely perseverance. He believes that perseverance overcomes almost everything, even nature itself, and in that opinion this ordinary business man is at one with the philosophers of antiquity."
NCTY=SCARY STOCK FORGET ABOUT THE MARKET IF YOU ARE IN THIS ONE..........THIS ALONE DESERVES 3 EXTRA PAIR OF UNDERWEAR
CURRENT SP500 CHART
JANUARY
The SPX chart may look toppy, however it keeps going higher. Indicators and oscillators are bullish. Remember bulls live above 1246 and bears below that. Bias remains neutral. The SPX has the potential of going to 1304.
FEBRUARY
Bulls live above 1246 and Bears live below 1246. A breach of the uptrend line would put the SPX in danger of overlapping, even though we have already technically overlapped. However, there is still enough distance away from overlapping and we are not there yet. The indicators and oscillators are bearish but looking oversold and I suspect the SPX will rally hard tomorrow to the upside. The SPX is lagging the other indexes.
MARCH
The short term pattern is bullish and the trend is bullish. Price target remains 1304 at the low end to 1334 at the high end. Furthermore, you can see that the SPX is rising on expanding volume. Indicators and oscillators are bullish; the PPO has broken out, and the stochastics are bull flagging. The SPX has been parabolic ever since it broke out of the symmetrical triangle pattern. I continue to stress that you stay on the long side and be sure that you are in the strongest sectors.
MARCH/APRIL
