Archive for June, 2010
New Video: Is Amazon Losing It?
In today’s short video we look at Amazon, not the river, but the stock. Yesterday (6/28/10) we spotted some market action that we wanted to bring to your attention. Unfortunately, we could not release this video any sooner because of scheduling.
Amazon is in a whole lot of trouble in my opinion. Not only are our “Trade Triangles” negative, but also an important technical element for Amazon was breached. This one element is one of the simplest, yet most powerful technical tools you can use in trading.
We think you’ll enjoy this very simple approach as it has worked consistently over the years. As always our videos are free to watch and there are no registration requirements.
Watch Is Amazon Losing It?
New Video: Does This One Chart Line Spell Doom for the Markets?
Make no mistake about it, last week was a very important week for the stock market. Looking on the weekly equity charts, you will see one of the most powerful Japanese candlestick lines. This one line on the chart indicates that there could be some major problems ahead for the stock market.
In our new video we explain what this line is and how it can play out in the short and longer term time frames. As always our videos are free to watch and there is no need for registration. We would really like to get your feedback on this powerful formation and what you see for the markets ahead.