AAPL – Can we score again with the sweet spot? A few weeks ago, Apple had traded up to it’s weekly resistance dots. Following a nearly 40% decline in Q4 last year, the stock traded up on earnings in January. This move higher was followed by an extended testing period, where the price action had […]
Following is AbleTrend Signal Chart for today’s NQ daytrading: The sell signal comes in to start the afternoon session @7055. It trades down to a low of 7003, over 50 points lower or $1,000/per contract. Ultimately the trade ends @7019 for a 36.5 point gain or $730/contract. As you can see, the AbleTrend stops trail […]
This morning, stocks sold off heavily, giving back the weekend gains. Initially, futures opened higher on optimism of a trade deal with China, but that optimism faded in the morning, ostensibly due to economic data. To me, this reads as a manic market reacting irrationally to small bits of news, while the main story is […]
Following is AbleTrend Signal Chart for today’s NQ daytrading. As you can see in the above charts, the AbleTrend Guidance Chart combines 2 time frames into 1 chart and helps to filter out false signals. Within one chart it helps traders to detect the market trend with longer time frames (avoiding market noise with shorter […]
