Master Charts Trading - Stock Market Indicators & Trade Alerts
Connect To Us!
  • MasterChartsTrading
  • Blog
  • Sign-Up
  • Members
    • Elite Trading Blog
    • Stock Speculator Blog
    • Training Library >
      • Basics of Trading
      • Risk & Trading Psych
      • Trend Identification
  • Help
    • Hall of Fame
    • Social
    • About Us
    • Contact
    • FAQs
    • Disclaimer
    • Refund Policy
    • Privacy Policy
    • What We Trade
    • Newsletter samples

Video Market Recap Friday, December 24, 2015 - SPY TLT MUB PFF UUP GLD GDX USO UNG

12/27/2015

0 Comments

 
The bulls were able to make some progress during this short trading week. SPY gained almost 3% to close at $205.68. If you have been reading my writing for the past few months, you would have noticed that I have been bearish on stocks. For now the long-term bearish case remains alive and well. There is plenty of resistance in the $206-$208 area. This Christmas Eve’s action was notable for the fact that markets sold-off literally in the last 5 minutes of trading to close in the negative territory for the day. One could argue that a shooting star candlestick was printed on Friday. This was all on holiday volume though, so I would like to see more confirmation of resistance next week.Read rest of this post here
0 Comments

Video Market Recap Friday, December 18, 2015 - SPY NYA TLT MUB UUP GLD GDX USO XES UNG FCG

12/20/2015

0 Comments

 
Although the weekly losses for the S&P 500 ($SPX) was only 0.34%, the manner in which this loss occurred is indeed concerning if you are a stock bull. The past two weeks saw increased volatility in many asset classes due to the speeches by chairs of both the European Central Bank and the Federal Reserve. The initial reaction to Janet Yellen’s announcement of a ¼ percent interest rate rise was positive, but things completely fall apart by the end of the week. Chart of SPY now shows a confirmed Bearish Engulfing (Outside reversal) pattern. Friday’s close also put the ETF below its November low for the 2nd time this week.
Read the rest of this post here
0 Comments

Video Market Recap Friday, December 11, 2015 - SPY IWM XLF XHB XRT XBI XLU TLT MUB UUP GLD GDX USO UNG

12/12/2015

0 Comments

 
The topping process continues. Perhaps once we roll over into an outright bear market, it would be called the Commodities Crisis? This week sellers came back with gusto and no sector was spared. Energy again led to the downside, but financials was the close second with XLF loosing 5.37% for the week. 
​Read the rest of this post here:
0 Comments

Video Market Recap Friday, December 4, 2015 - SPY NYA TLT UUP GLD GDX MUB USO UNG

12/11/2015

0 Comments

 
​Really a wild week with lots of market-moving events occurring within a short period of time. The markets perceived Mario Draghni’s speech on Thursday negatively. Friday’s positive reaction to the jobs report almost completely negated the Thursday’s drop. Overall the S&P 500 barely moved for the week as it added 0.06 points or 0.03%. I still think that we may have a bona fide Outside Reversal on the chart of SPY and if I am correct, we should see at least a retest of November lows soon.
Read this blog entry here

0 Comments
    Subscribe to our mailing list - get special price for our Trade Alerts Service!

    Archives

    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015

    RSS Feed

  All information on MasterChartsTrading.com is for educational and entertainment purposes only, and should not be construed as a recommendation to buy, sell or sell-short said securities. Read full disclaimer.