Archive

Wk02: Market Forecast

January 10, 2010
Tim Racette
Forecast

In the week ahead look for these news announcements to act as potential market movers… A few big economic news announcements coming out this week including International Trade Tuesday, Retail Sales Thursday, and Consumer Price Index & Industrial Production Friday. In addition, Alcoa kicks off earnings season Monday, not to mention Option Expiry Friday! That being said, there are a lot of catalysts that could act as market movers this week. We are looking for the top line figures to…

0
Read More

The Trading "Bible"

January 10, 2010
Tim Racette
Reading List

For those not familiar, Japanese Candlestick Charting Techniques by Steve Nison is known to many as the foundation of technical trading. Understanding the Japanese Candlestick charting methods can open up a world of opportunities not seen on bar or line charts. Click here to view the Japanese Candlestick Charting Techniques book on Amazon.

0
Read More

Dec09 Recap

January 4, 2010
Tim Racette
Monthly Recap

December’s monthly candle produced a spinning top (trend reversal bar). This, also occurring at the halfway back retracement from the all time highs to recession lows gives the bears some merit. The NASDAQ on the other hand closed above its 61.8% retracement and has been the leading top line figure for some time now. Volume was minuscule, but that is expected for the month of December. The VIX was tame staying in the low 20’s. Look for volume and market…

0
Read More
Categories
© TJMacTrading 2024. Allegiant theme by CPOThemes.