In this video I cover a couple indicators which tell us to be a little cautious in the near term.
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In this video I cover a couple indicators which tell us to be a little cautious in the near term.
You must be logged in to post a comment.
Good straight forward material. I enjoyed watching this video, Jason.
For my own personal trading portfolio I am looking at the QQQ’s on the
Daily TRIX which is still going in a positive direction. Once the TRIX
starts to roll over on the Q’s (maybe around 58.75) that would be a very
good shorting opportunity, I suppose. Sincerely, Howard Weinstein NYC
What is trix?
Here you go:
http://en.wikipedia.org/wiki/Trix_%28technical_analysis%29
Thanks Jason. Great video!
Great stuff. Disagree with you cautious approach though, think it is a full position short play. We’ll see.
Yes, its very helpful. I wish you’d post it on a daily basis.
Good post. All of europe is up today, china is down.
I do agree we are extended and should be peeling out of short term trades especially if they are high beta stocks. And yes we are at or coming up to long term resistance head knockers and we have the congress tighten the budget posturing nonsense part II coming up. But if you have a longer hold position with profit cushion we may have an add in opportunity.
Other indicators like the McLellan oscillator, summation index, stocks above 40 & 200 dma are indicating neutral to continued up trend.
Most of the EWT-philes are warning of a collapse. This time with an potential upside caveat, EWT put out a similar mega head & shoulders alarm in oct 2010, maybe they will be right this time.
Looking for a bounce in China.