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Sunday
May302010

Major Sell Signal Complete: Negative Divergence on Weekly MACD

This is an update to the situation on the weekly chart of the S&P-500 (SPX), which is our current 'Chart In Focus.' (See original posting)

Just over a month ago, it had looked like the negative divergence on MACD on the weekly chart of SPX, may have been on the verge of becoming defunct. After a stern decline over the intervening period, the strong sell signal has finally completed itself, and this fact does not bode well for the bulls over the intermediate- to major-term, as long as the index remains below its 20-week moving average (1133).

Click to read more ...

Friday
May212010

Latest Newsletter Published

The latest issue of our stock market newsletter is now available. Therein we've featured all options trading picks presented to members in the month of May; the picks showed an average gain of 228%. Not a bad month, so far!

Please click the link to access the latest issue of Purely Technical

Wednesday
May192010

Bears Beware: Gaps Filled

Here's an important development for short-term traders to take note of. The up-gaps that had been left at the open on Monday, May 10th, have been filled as of this morning (see accompanying chart of SPY, DIA, and QQQQ).

Click to read more ...

Tuesday
May182010

Model Portfolio Trading History

We have updated the list of all past trades in our model portfolio, today. You are invited to take a look at the same.

Please visit following link, to view - Model Portfolio Trade History

Monday
May172010

Negative Divergence On Weekly MACD

This is an update to the situation on the weekly chart of the S&P-500, which is our current 'Chart In Focus.' The potential negative divergence on MACD, on the chart of SPX, was first highlighted around nine weeks ago. The sell signal had not completed itself at that point, but with the markets having sold off over the past couple of weeks, a completion is nigh.

Click to read more ...

Monday
May102010

Nasdaq-100 Opens Gap

The markets opened with big gains today, following a big news event over the weekend. The chart of the Nasdaq-100 shows a pretty big gap. It's somewhat rare for gaps of this size to be left unfilled for more than a few days (or at the most, weeks). Will this time be an exception? Or are traders who're looking to fade this gap going to win out in the end?

Click to read more ...

Friday
May072010

Model Portfolio Up 100% in 18 months

The past 18 months have been amongst the most challenging in recent memory. However, through painstaking attention to the charts and perseverance of our methodology, our model portfolio has gained a pretty decent 100%, over this period. Take advantage of no obligations, no strings attached FREE PASS that we currently have on offer (click this link to pick up your FREE Two-week Pass) to see how you can get in on some of this action...

Friday
May072010

Profitable Stock Picks & Options Picks

If you haven't had a chance to view them already, please note that we've featured many recent winning stock and options picks in the last two issues of our free stock market newsletter "Purely Technical."

May 6, '10 issue

May 5, '10 issue

Also, dont forget out CURRENT SPECIAL FREE OFFER:

PICK UP YOUR FREE PASS HERE

Thursday
May062010

SPECIAL: Two-week FREE PASS

A two-week FREE PASS is now available - please hurry, because it's valid ONLY from May 6th to May 20th - to all the membership services at TheMarketMessenger.com.

PICK UP YOUR FREE PASS HERE

Click to read more ...

Wednesday
May052010

CNBC might be saying that the selling is over, but...

You know, I rarely watch CNBC. I mean, let's be honest, probably the only thing that group is good for is, perhaps for being the preeminent contrary indicator, if you will, when it comes to calling significant turns in the markets.

But for some reason, I decided to turn on the channel a few times today, for several minutes on each occasion, just to get a feel of what the sentiment was like in the, oh let's call it the "fundamentals" crowd... Almost on every occasion, I heard what can only be described as full on cheerleading for a bounce. Several times in the last hour or two, they repeated a seemingly nonsensical claim that went along the lines of "oh, look, the Dow has bounced 20/30/40 points, off its intraday lows (when the index was down 125 points, on top of yesterday's 225-pt drop) and, since every correction over the past several months has ended fairly quickly, this one must be over - given that the indices have been able to hold the day's lows - now."

Click to read more ...