Depending on the volume statistics at the end of the trading day, risk is increasing in going long the market here and now.
At the upper right hand corner of the screen, a gap up and subsequent heavy selling at the top of a market climb, is printing.
We won’t know for sure until the day is out, but this candle formation typically indicates exhaustion to the upside.
TTP Model Flashes “GO” on 4/21 for NVO The TradeTimingPro model notified us that the stock was under accumulation going into April’s decline. On 4/21 the model provided us the signal to go long. The anticipated date to look for profit taking and exit is mid-May.
Early May Providing Next Entry Opportunity in Disney Shorter term traders should be on the lookout for the next leg of the Disney rally to begin on or around May 6th. Watch for volume to confirm as well as a trendline break to the upside.
Prior Warning Given of Bear Flag Forming We’re nearly Perma-Bulls here at TradeTimingPro.com, however, we need to call it like we see it. What a great day it was for the market today. Although the bottom MIGHT be in, traders and investors should rewind the clock a bit and look at what happened in early…
On the one hand, the chart above is vitally important. On the other, it could be considered merely a forecast for entertainment purposes only. But at the core of this model, we have one thing that’s for certain: We have a general roadmap to use for 2024 when looking at the Dow Jones. The black…
Risk Appetite by Wall Street Helps Investors See Where Market is Going Next There is no single perfect indicator, but this is an excellent leading indicator to help manage risk in the stock market. The above chart has 2 panels. The top panel is the relationship between growth stocks and value stocks. If the purple…
All signs point to further upside in the Electrical Components and Equipment Industry For those newer to investing and trading, industries are nested within sectors. There are 11 major and most recognizable sectors. However, there are over 100 “industries” within the stock market where multitudes of equities resided. For those interested in trading to the…
