Bryan Leighton's Blog – October 2009 Archive (35)

TRADE LESSON: WATCH THE PAST TO UNDERSTAND THE FUTURE

Often when stocks or indexes fall there will be good support levels for bounces. Therefore, you want to look at multiple time frames and have a chart that goes back several months to find intraday trades and possible 1-2 day swings. In this example on MGM the stock was in virtual free fall and found support in the $8.80- $9.00 gap window area. This was identified by InTheMoneyStocks.com traders by looking back to the September 3rd date and seeing a gap window. It is also important to recognize… Continue

Added by Bryan Leighton on October 29, 2009 at 10:27am — No Comments

TRADE LESSON: UNDERSTANDING THE POWER OF OPPOSITES

Often money can be made in the market by simply understanding that what is good for one is bad for another. It is simply called opposite or pairs trading. For instance, if the U.S. Dollar is down then usually gold is higher on the session and vice versa. Another example would be interest rates verses utility stocks. Often utility stocks will be weaker when interest rates are rising. This is due to fact that utility companies borrow money. Practice the opposite trade and you will notice how… Continue

Added by Bryan Leighton on October 27, 2009 at 12:01pm — No Comments

SPY FALLING AFTER KEY REVERSAL TIME, WATCH THESE LEVELS

SPY sold off right at 10:00 am after the consumer confidence was announced. There will be gap window support at 106.25 and then gap fill at 105.90. Both levels are going to be good short tern intraday support.

Added by Bryan Leighton on October 27, 2009 at 10:14am — No Comments

INTRA-DAY TRADE LESSON: WATCH THE TIME OF DAY FOR INTRA-DAY PIVOTAL MOVES

Often most stocks and indexes will reverse or pivot from their initial move around the pivotal time frame. The first of these major pivotal time frames is the 10:00 am or first half hour of trading. While this phenomenon occurs very often it is not 100% and does not occur every trading day. Therefore, it is always important to put it together with another resistance level or possibly a pattern to increase the odds of a short tern trend change. The next minor pivotal intraday time frames are… Continue

Added by Bryan Leighton on October 26, 2009 at 10:51am — No Comments

This Week Promises To Be Even Wilder Than Last Week. Be Ready To Profit!

The market sets up for another wild week. Following a week of earnings, economic reports and massive reversals, the markets are setting up for a technical explosion. The big question remains, which way will it go? The truth lies in the charts. By analyzing price, pattern and time, it is revealed. This can be done in easy fashion by signing up for the Research Center or Intra Day Stock Chat. The Research Center gives you all the tools you need to profit by getting premium guidance the hedge… Continue

Added by Bryan Leighton on October 25, 2009 at 10:55pm — No Comments

Trade Lesson: Knowing When An M-A Bearish Pattern Is Going To Play Out

The key to the M-A pattern is to see the formation and recognize what makes it in play and what negates it. This M-A pattern played out for the prime reason that key rules were never broken. We will unveil this to you all so in the future you may profit off this pattern. The M-A pattern is a classic bearish pattern that signals downside. Knowing this would have told you that the markets were going to fall today. The first key comes in the form of the right side of the M pattern. Note how the… Continue

Added by Bryan Leighton on October 25, 2009 at 12:42pm — No Comments

INTRA-DAY TRADE LESSON: FIND THE SUPPORT LEVELS FIND THE SCALPS

As the saying goes the 'trend is your friend'. While this is true and should be respected, as an intraday trader you try to capitalize on the market regardless of the trend. In this case our saying is' find the support and you find the scalp'. Therefore, it is important to find prior or past turning points on the chart. Look at the past major pivots in the chart. If you are a fast scalp trader look at the past pivots on the 5, 10, or 15 minute charts. If you are a slower scalp trader it is… Continue

Added by Bryan Leighton on October 23, 2009 at 11:30am — No Comments

The Markets Sell Off Even Though AMZN, MSFT And Housing Data Is Strong...Why? The Dollar!!!!

The dollar continues to be in sole control of this market. Every move up or down is dictated by the dollar in the inverse. This is truly an amazing evenet in the markets history. Regardless of blowout numbers by AMZN or MSFT beating estimates, the markets are south. The dollar is higher on the day and could be making a turn to for an M-A pattern on the weekly chart. Keep watch of this. It may be the ultimate key to the markets future.

Added by Bryan Leighton on October 23, 2009 at 10:50am — No Comments

INTRA-DAY TRADE LESSON: SPOTTING THE BEST INTRA-DAY BOTTOMS

This morning the SPY sold off after 10:00 into support at 107.50. Note that the bounce candle formed a long tail. This often tells us that the SPY may continue to move higher. It is very important to watch for an increase in volume to accompany the bottoming tail candle. The bottoming candle closed a 107.80 and the next two candles moved higher to 108.15. This is an excellent intraday scalp opportunity. These patterns occur everyday. Once the trade is in the money it is important to sell half… Continue

Added by Bryan Leighton on October 22, 2009 at 11:06am — 1 Comment

REAL BULL OR NEXT ASSET BUBBLE?

Often most bull markets are due to a decline in the fed funds rate; the interest rate that the Federal Reserve Bank charges other large institutions for overnight lending. Obviously this has a major influence on the money supply. The lower the rate, the easier credit should be, and the more money is in the system. In 1980 and 1981 these rates fluctuated from 10%-19% respectively. This a major crimp on the economy. When the so-called bull market began in 1982 many gave most of the credit to the… Continue

Added by Bryan Leighton on October 21, 2009 at 9:14pm — No Comments

Markets Trade Higher Into Master Resistance Level Short Call!

The premium subscribers of the Research Center and Intra Day Stock Chat have been alerted for the last few weeks of the $110.34 level as a major resistance on the charts. Sure enough, the market come right up into it today hitting $110.31. The SPY never looked back as it dumped out hard as all the premium subscribers including Hedge Funds, Money Managers, Brokers and Individual Traders and Investors sold right into it beautifully. The markets sold right from that spot and down they went as much… Continue

Added by Bryan Leighton on October 21, 2009 at 1:13pm — No Comments

WHAT GOES THROUGH THE MIND OF AN ITMS TRADER INTRADAY

This chart was made by one of the ITMS traders. Notice how he works endlessly to find the best levels and patterns. This is not easy work and requires a lot of effort. If it was easy then everyone would do it. This chart is what a technician would call an intraday Picasso.

Added by Bryan Leighton on October 20, 2009 at 4:50pm — No Comments

TRADE LESSON: CATCH THE INTRA-DAY GAP FADE

TRADE LESSON: Watch for stocks that have had a multi-day rally. It is important that they are very extended from the 60 minute 20 moving average. Look for a strong gap higher to start the day into a past resistance level or a whole round number. Then enter a short position with a tight stop. Once the trade is in the money you should cover half and move the stop into the money or break even and look to cover the rest at the next support level. This trade occurs every trading day.…



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Added by Bryan Leighton on October 20, 2009 at 11:13am — No Comments

TRADE LESSON: THE BEST TOOLS ARE SOMETIMES THE SIMPLE TOOLS

BIDU is having a solid move higher trading over 5 points higher on today's session. Just notice on the 60 minute time frame BIDU was trading down to the 60 minute 200 moving average which is support. However, the key for the Bidu bounce was the simple ascending trendline that was drawn in from the September 2nd low to the October 2nd low. You will see that BIDU traded down to that trendline today and then staged a sharp reversal higher. Use the simple trendline as sometimes the best tools are… Continue

Added by Bryan Leighton on October 19, 2009 at 10:57am — No Comments

FRIDAY EFFECT DOES IT AGAIN

The market rallied again off the lows after staging a sharp decline in the first hour of the trading day. Today was options expiration and after a multi-day rally it was not surprising to see stocks under pressure. However, you can almost set your watch to it that today would not be a huge down session. Rarely have we seen a large point decline on a Friday in over nine months. This could be due to the institutional money not wanting to scare the Asian markets over the weekend. Who really knows… Continue

Added by Bryan Leighton on October 16, 2009 at 4:45pm — No Comments

Market Technical Analysis & Setups - Market Drops Hard After InTheMoneyStocks Master Level Hit!



InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels on the… Continue

Added by Bryan Leighton on October 16, 2009 at 2:24pm — No Comments

WHEN THE MARKET IS IN TROUBLE DROP THE DOLLAR. RE: 9:41am POST

It happens all the time. The dollar fades when the market declines to save the equity market. Then the weaker dollar gives a lift to everything not just commodities anymore. Even baked goods catch a bid off the weak dollar these days.

Added by Bryan Leighton on October 16, 2009 at 11:44am — No Comments

TRADE LESSON: WATCH THIS PATTERN IT HAPPENS EVERYDAY INTRADAY

BIDU was trading lower on the session into the 10:00 am pivotal time frame. Then it staged a nice bounce which is common for stocks to do when they trade lower into a pivotal time frame. It rallied into the 1:00 pm hour and began to sell off. Why did it sell off? Simply put it was a continuation pattern after a 3 hour consolidation move inside the last strong red(down) candle. It could never close above the 10:30 red candle or bar and continued to move to new lows. Look for this pattern as it… Continue

Added by Bryan Leighton on October 14, 2009 at 3:11pm — No Comments

INTC...Inventories Cannot Be At Zero

The market gapped higher today on the back of INTC and JPM earnings. Both companies blasted through earnings and saw the futures spike higher because of them. But what does it mean? Were they as good as one would believe from looking at all the numbers? INTC reported solid earnings, revenue and margin numbers. It was amazing to say the least. However, JNJ reported a earnings beat yesterday, but missed on revenue. These numbers from JNJ mean that they only beat because of cost cutting and the… Continue

Added by Bryan Leighton on October 14, 2009 at 10:50am — No Comments

TRADE LESSON FOR INTRADAY SIGNALS ON SPY

The SPY sold off on very strong volume this morning and formed a nice bottoming tail on the 10 minute chart. It is important to not that the heavy volume usually signals that the recent trend may reverse as sellers become exhausted in this chart. Then note the bounce higher. It also is important to find chart support on other time frames confirming a possible bounce. Therefore, the more pieces of the puzzle that you find the more you increased the odds that you will have on a scalp… Continue

Added by Bryan Leighton on October 13, 2009 at 10:47am — No Comments

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