The NYSE Cumulative TICK spent most of the day in negative territory today. Stubbornly price was being bought at support levels most of the day. Eventually we got a sweeping move down, the DJIA barely closing yesterday's gap.
I defer the discovery of all meaning behind this week's price action in the markets to here,
Oh yeah, I sold my position in NWL for a slight gain. Hindsight would have seen me closing out at the top of the morning, but it didn't happen until mid-day.
I missed trades in QLD as my bids weren't hit on my entries. blah!
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.