TradingMarkets Top 5 Of The Day
Welcome to TradingMarkets.com Top 5 of the Day!
In this nightly feature, the editors of
TradingMarkets select the 5 best and most insightful (and sometimes humorous)
excerpts from all of the articles and blogs that have been published throughout
the entire day.
Here are today’s selections:
Jes Black:
If the market rallies, here’s my target level
“…we think the
market is in breakdown mode so a rally to about 1195 may be all we get before
the next leg down targets 1140. Below here opens up the way for 1075…”
Read More
Deron Wagner:
Will we finally see a bounce? This chart tells you
“…being
long any sector for anything more than a day trade right now is a highly risky
proposition. The broad market will probably bounce from oversold conditions
within the next day or two, but the overall trend still remains down…”
Read More
Adam
Warner:
Look at how bullish readings are ramping up
“…Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) volatility nearly doubled from the August lows, just a huge move in
a relatively short time frame…”
Read More
Trader’s Blog:
This rare oversold pattern now exists in the market
“…Six of the last 7 days
have put in lower lows. Just how rare is this extremely oversold pattern? It’s
occurred 39 times since 1/01/00 (once every 37 trading days, i.e., about once
every two months), and on average, the S&P gained 10.2 points the next day (31
of the 39 periods showed a gain the next day)…”
Read More
Chris Curran:
Here’s the textbook bullish pattern that’s forming
“…Just remember, though
everyone and their mother is saying how oversold the market is…”
Read More