AAPL - Weekly Candlesticks

Apple has had a huge run. If you look at the RSI, MACD and $ flow they have been lower as the stock has been going up = losing steam = negative divergence.

It is hard to go against the trend. Until the trend is broken a stop loss or hedging with a put is best.

Look at the volume on down days. There is most certainly distribution going on.

NDX Weekly 10/13/10

Sometimes people tell me that I make calls and I change fast or that the calls I make are on point but sometimes don't "last" long.

I AM A SHORT TERM TRADER. IT IS FOOLISH TO BE A LONG TERM TRADER UNLESS THE TREND IS SHOWING THIS. THE LAST TIME WE HAD THAT SIGNAL WAS AFTER THE 00-02 DEBACLE.

Unfortunately I do not have the time to keep tabs on the markets like I'd like. I will provide short videos to help soon. I will give you a taste of the "knowledge". :)

The US Dollar 12 Years +

Freestockcharts is awesome! I use it with stockcharts.com. Both are worthy of paid subscription!

The Greenback has taken a beaten year after year after year. It has formed a higher low since the "bottom" of 08. The MACD and the RSI have been weaker considering that the pattern has been similar since last year. The $ flow has been week as well.

The 2 year trend is in tact and major support is around 75. If that is broken then 70 should be next.

Enjoy your trading - No, no comment. Too tough to call. Caution as usual.

INDU Monthly Update

GLD - Daily Candlesticks

This is super heavy volume. Silver and gold gapped up and closed lower on this volume forming a bearish engulfing, a candlestick pattern.

This could be the beginning of the end for the metals luster. At least temporarily.