Written By: Teresa Appleton Stock Forum ID: Teresa
Thursday mixed market on volume, but across the broaders markets we closed red. The Nasdaq put in higher volume today to leave a distribution day. The NYSE lighter volume to leave a light volume drop. Was a very narrow range across the board to keep [...]

Take a look at this chart of Baidu.com (BIDU) and you can see what I am speaking of. Now, please note straight off that this is not a triangular pattern as for instance shares of Intercontinentalexchange (ICE) have setup. The reason it isn’t is because BIDU is trading under its support line, not above it.
And, [...]

M R V Communications (MRVC) has setup a nice double 50 DMA – 50 day moving average -  bull flag. The keys that make this pattern relavent include the uptrending 50 DMA and also the strong volume support when bouncing off the 50 DMA. Making a play on this stock is simple, buy as close [...]

Found a very interesting post on the market and QQQQ over ahead Kevin’s Market Blog, and I advise readers to check it out as it shows a great chart insight of the Nasdaq 100’s history over the last several years. I personally am bearish during these times as volume just isn’t high enough to confirm [...]

Written By: Teresa Appleton Stock Forum ID: Teresa
Wednesday brought more bulls out and gave us a little more volume to leave an accumulation day across the broader markets. The volume is still incredibly light, it was just slightly higher than yesterdays anemic day. The Dow pushed to an all time new high closing [...]

Triangular pattern forming alongside daily volume decreasing for Intercontinentalexchange (ICE). This is either bearish or bullish. An accumulation day move up to $110 could signal a buy, and on the contrary a close below $103 on heavier volume would most likely signal a sell. The industry group overall is stabilized, and currently is trading in [...]

It is a known fact that the last trading week of the year followed by the first two trading days of the new year are what we know as a “year end rally”. It consistently occurs each year, and typically you will see indices like the NASDAQ move up 1 – 1.5%. But, if you [...]

Written By: Teresa Appleton Stock Forum ID: Teresa
Tuesday started the day off strong and continued with a close on the highs. Volume was very light and it will continue to stay light until after New Years. Despite the absence of earnings and economic data today we still were able to find pockets of [...]