Nasdaq (+0.21%) stays at the same level and managed to stay above its EMA10. It seems the price is consolidating in time and waiting for the EMA21/SMA50 to catch up. Watching the recent highs and recent lows. SP-500 (+0.23%) made a similar move while consolidating under the SMA200. The volumes…

Nasdaq (-1.25%) made a pullback to its EMA10. The move is ‘normal’, the price was extended vs. its SMA50 and… definitely there are some traders taking their profits after the rally. Watching the EMA10 and EMA21 for now. SP-500 (-0.72%) made a similar move. We will watch the way it…

Nasdaq (-0.19%) closed flat with a Doji candle. Buyers and sellers have more or less the same power, in a way expected at a resistance level and while very close to the next target SMA200. Probably the price is building a new base before the next leg. …

Nasdaq (+0.62%) continued higher, but notice the lower volumes even compared with the day before. The move is constructive of course, but it was better to see some big volumes from institutions coming in. The next target: SMA200. As always, watching the old resistance, now minor support and the recent…

Nasdaq (+2.09%) closed above this year’s resistance with average volumes. Until now the price action seems constructive and we might see higher prices. But, as always, be prepared for all scenarios. SP-500 (+1.73%) continued higher and the price is very close to the Spring’s resistance. The volumes were not very…

Nasdaq (-0.58%) tried to conquer the resistance, but it was rejected and the price was sent back below yesterday’s close… with big volume. After this price action, it seems there are more chances in the following day(s) for the price to close yesterday’s gap up than breaking the resistance. …

Pat Walker is from St. Louis, Missouri and studied strategic planning at the University. He started “Mission Winners” to educate and understand the WHY. Here are some key takeaways from his presentation at TraderLion Conference: A new trader should ask him/herself: What are my motives? Why am I doing this…

Nasdaq (+2.89%) gapped up and continued higher after the news. Good volumes to the upside, it seems some institutions are coming back in. Watching the area between the recent support (12400) and resistance (13000). SP-500 (+2.13%) had a breakout above its June resistance and closed at the highs of the…

Nasdaq (-1.19%) continued its downtrend and closed in red with above-average volumes. It is possible to have a short-term top and now the price is looking for a (new) support. Watching 12350 level and the next lows if the case. SP-500 (-0.42%) is still in a constructive area if it…