Stock Market Recap, February 15, 2019 MasterChartsTrading.Com

2/16/2019

•Indiegogo Campaign Update

•MetaTrader 4.0 Indicators Coming Soon

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•Stocks continue with breakout.

•December 2018 drop seems to have worked itself off

•Dow Jones leads the market higher

•Foreign stocks also showing signs of life

•High-yield junk debt is confirming this move higher for stocks

•Investment-grade bonds are also holding on to their gains

•Dollar index and gold both moving higher. Which one would be correct?

•How to trade Alex’s favorite chart pattern? GDX example

•Trading oil using retail ETFs

•Natural gas puts in a new low

•Crypto review

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3 Comments

John Robinson

2/16/2019 01:24:33 pm

What do your red, blue, etc. lines measure?
What is your conclusion when the blue line suddenly came down and the price went up to meet and then pass the blue line?

Alexander Berger link

2/17/2019 04:20:23 pm

My indicator lines https://www.tradingview.com/u/mastercharts/#published-scripts are mathematically calculated.

They show two things:
1. Trend of the instrument you are trading.
2. Price action around the indicator lines. Especially price action around the Blue and the Red lines, show what large players are doing (buying or selling).

If a security is bearish (price has closed below the Yellow or the Red line), and then the lines start coming down towards price action, and we see a close above the Blue line, this is usually a sign that the trend has changed to the Bullish one.

I like when the lines come down towards price action, such as on this chart of GDX: https://www.tradingview.com/x/1bd7Lbxu/ .

In this case, the price has less distance to travel towards the bullish levels (above the Blue line).

A close above the Blue line is a signal for me to enter long (buy)

-Alex

John Robinson

2/17/2019 05:39:14 pm

Thank you. I appreciate your market summaries.

Stock Market Recap, February 15, 2019 MasterChartsTrading.Com

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