@theequilibrium is a true master of the chart game. In my mind, he is one of the best chartists to learn from due to the style in which he undertakes marking his charts. His background in Architecture is clearly evident, and I personally look at every chart he posts. -Alamo-
Charting Under the Stars: Real Estate [...]

One of the best webinars I’ve ever seen.  Regardless whether you’re an investor or trader, in this video Jack Bouroudjian covers the major interacting forces acting on the market such as economic reports, treasuries, and yield curve.  In addition, Bouroudjian shows us incredible insight into how the markets are structured, interact with each other, and [...]

SPDR Gold Trust ETF: GLD
GLD has a nice ascending triangle making higher lows up the 50 day and 20 day SMA. Gold itself broke out today and my partner in crime @JeffreyLin on twitter called out the triangle breakout on Gold. My alert was set for GLD @ 94.20 with a upside target of 100 thinking [...]

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First it was Business Week. Then President Obama. Now it is Federal Reserve Chairman Ben Bernanke. Speaking before a group of bankers this past weekend in Jackson Hole [...]

Friend and standout trader from twitter, @mdabbles, has allowed us to rerun this must read blog he wrote for The Dabbler’s Journal on the technical pattern working the best at this point and time. -Alamo-
August 22, 2009

Weekend Study – Daytrading the High and Tight Flag
Filed under: PERFORMANCE TESTING — mdabbles @ 2:37 pm Tags: PERFORMANCE TESTING

A day trading strategy I have [...]

So much for the dog days of summer.  The week of August 10-14 promises to be one of this summer’s more pivotal weeks for the capital markets: equity markets will contemplate the Federal Reserve’s Open Market Committee Statement on Wednesday for clues regarding the strength of the economic recovery and associated monetary policy; the bond [...]

Ag names have been hit particularly hard in the past few sessions, some breaking key uptrend lines and other critical levels of support, so this State of the Chart will shine the spotlight on MOO, the ag ETF.
Let’s begin with the weekly chart:

MOO hasn’t been around very long, so long term charting is somewhat less [...]

What caused the sudden and precipitous drop? The economic data, once again, was horrendous: the unexpected drop in last Tuesday’s Conference Board Consumer Confidence report provided the preamble; Thursday’s non-farm payroll number showing the US economy lost some 130,000 more jobs than expected proved to be more than any green-shoot theorist bulls (or more importantly for purposes of the ensuing discussion, supplemental liquidity-providing proprietary program traders) could handle.

Today’s State of the Chart focuses on the finnies – specifically the XLF.  I’ll chart this ETF in three time frames: weekly, daily, and 60 minute – starting with the weekly.

This chart is the most important of the series, in my opinion.  The weekly symmetrical triangle that has formed just below strong resistance is a [...]

lain and simple. Equity markets started the week of June 15-19 on the wrong foot as the European Central Bank confirmed Monday the view I posited in last week’s BHBGroupTrader Market Spread Report, namely that central bankers are not buying the green shoot theories of recovery. In its bi-annual Financial Stability Review, the ECB suggested that euro-zone banks will [...]