Archive for October, 2006

Market Starts Initially Higher on Good Housing Data

Wednesday, October 18th, 2006

The market started out with buying and the Dow passed 12,000. However, sellers took advantage of the higher prices and hit bids. Please see today’s TradeFlow article.
In the quote window, each of the symbols details the last price and change for the day. The two studies, the relative strength index (RSI) and the moving average […]

Energy and Precious Metals are Dominating Again

Wednesday, October 18th, 2006

A mixed start, but precious metals and commodity oriented country funds are dominating.

The V-Bottom and TradeFlow

Wednesday, October 18th, 2006

TradeFlow is CQG’s innovative charting style that is color coded to track traded volume at the ask price versus bid price. The high and the low of the TradeFlow bar is the best bid and ask prices. The TradeFlow bar is colored green for the percentage of volume at the ask price (buying) and red […]

Execution, the Final Key to Trading

Wednesday, October 18th, 2006

Funny, most newbie traders think that execution is the only important aspect of trading. They fantasize that they will day trade their way to riches based on their sense of “knowing” where the market is going. Even more interesting, many get off to a good start and, then reality sets in. The typical scenario is […]

PPI Scares Equity Traders

Tuesday, October 17th, 2006

The Dow came within a few points of 12,000 yesterday, and traders decided to book some profits. This mornings Producer Price data has temporarily jarred traders, and brought in sellers.
In the quote window each of the symbols details the last price and change for the day. The two studies, the relative strength index (RSI) and […]

Money Moving Into Defensive ETFs

Tuesday, October 17th, 2006

This morning money is flowing towards utilities, Treasuries, and health care.

Buyers dominated Yesterday; But Sellers are in Control Today

Tuesday, October 17th, 2006

TradeFlow is CQG’s innovative charting style that is color coded to track traded volume at the ask price versus bid price. The high and the low of the TradeFlow bar is the best bid and ask prices. The TradeFlow bar is colored green for the percentage of volume at the ask price (buying) and red […]

Will the Dow break 12,000?

Monday, October 16th, 2006

Equity traders are focused on the possibility of the Dow trading above 12,000 for the first time. It will be a positive on a psychological note. So far today, the markets are quiet.
In the quote window each of the symbols details the last price and change for the day. The two studies, the relative strength […]

Energy and Precious Metals are Dominating

Monday, October 16th, 2006

While the B2B internet HOLDRS are leading, the energy and precious metals are dominating start of the trading.

Buyers Still Dominate in the TradeFlow™ and the E-mini S&P 500

Monday, October 16th, 2006

TradeFlow is CQG’s innovative charting style that is color coded to track traded volume at the ask price versus bid price. The high and the low of the TradeFlow bar is the best bid and ask prices. The TradeFlow bar is colored green for the percentage of volume at the ask price (buying) and red […]

Thom Hartle’s View of Trading and the Financial Markets