Since a picture is worth the proverbial thousand words, take a look at this simple daily chart of the S&P 500 (as a proxy for the broad market):
The market will certainly correct, but the uptrend clearly remains healthy. In addition to what is shown on the chart above, it would require both the 50-day moving average to turn down AND the 20-day moving average to cross below the 50-day moving average for the uptrend to end. For now, follow the uptrend while it lasts…
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While most investors are running for the exits, savvy traders are quietly building watchlists of stocks showing remarkable resilience. These…
When bullish momentum turns on a dime - navigating the treacherous waters of failed breakouts The markets can be merciless…
In today's volatile market environment, understanding technical indicators and market positioning is crucial for traders. Rick Pedicelli, a seasoned trader…
The Nasdaq 100 ETF (QQQ) has reached new all-time highs, presenting traders with fresh opportunities. Understanding key support levels becomes…
Missed the initial breakout? Don't worry - there's still a chance to catch that rocket! Today, we're diving deep into…
