www.FreeTradingVideos.com :: Stock market churns sideways. This trading video reviews the broad markets and also the stocks GOOG, BIDU, and SOHU. The exotic “belt-hold line” reversal candlestick chart pattern is talked about, too.
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Comments
ds3vn.. thanks for your reply. what puts me most in the bearish camp is the chart of TWM. im not looking for a crash. im just thinking there is still downward momentum in the Russels which shows an exagerated but still calm upward momentum in TWM. what do you think of the chart daily and weekly of TWM. thanks! im not in it over the weekend but watching closely. im still short my select equities.
Hi drum……I stopped using the stochastics sometime ago so I haven’t seen the oversold condition, but that certainly makes sense. Thanks for the comment.
Hey DS. good stuff as always. Have you checked the slow and fast stochastics on Spy, QQQQ, etc? Looks like they are all quite at oversold levels on the daily. So Bullish in the near future would most likely stand for now. Your thoughts?
Same original down channel is enforcing itself on the highs but another fakeout is here.
I think we will rally up to around 875 S&P maybe as much as 892 before we come crashing down to new lows. At that point I believe we will possibly form a new channel with the two fakeouts but I believe it will again be a down channel. I see us somewhere down to around 750 if that comes to fruition.
Be careful anywhere over 875 or you could be in for some pain when the drop comes if you are long.
It’s the weekend—-I ignore the “noise”……I do hedge myself every Friday so I don’t care what happens on Monday. If we crash…I am OK….If we rally upward…I am OK. I leave the guessing to the gamblers and position myself to free them from their money. 
i see in the after that the dow drop 200 points …… what about this??!
I see a nice Bullish MACD Divergence on the 60min SPY.
The 10day 60min could be enough to notice it already.
Also quite noticeable on the Q’s and IWM.
I don’t think it was the bulls that pushed this up; PPT.
You are right regarding the downward pointing MACD (crossover)……That, indeed, is bearish at surface level….But going deeper you must also weigh in the distance from the zeroline and any imminent diveregence…In this case bullish. Max….Thank you so much for your comments and willingness to share. You’re the best!
Hi Max…I try not to listen to all the “others”….Most of the time “they” end up disappointing me. I just call the chart as I see them at any given moment. From your last several posts you seem to be very bearish and readily accepting others bearish view points. You will notice in my past few videos I am seeing both bullish and bearish indications…and I share both. I do NOT see a bearisg flag, but rather a possible low-base formation.
dseven, great videos im out lurking around for information and you are one of very few saying the word bullish about the charts/ after hours the Dow closed below 8,000. the 8200 level is a key level and we failed it again. at 5:42 of the video aren’t you showing a bear flag on the chart. one of the most reliable of formations? at 7:08 you pull up a bear flag on the russels and show a down pointing macd and say its bullish. are you sure? you always say the Russels lead the markets. thanks.
wow, set a market limit order of $37 on my SRS for that ugly open and got $37.80 for it after picking it up on the close yesterday for just $61. too chicken to hold over the weekend losing my confidence on bearish trends. will have to see what Monday brings. im thinking more sideways move.
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