Category Archives: Technical Analysis

O, How We Love Technical Analysis

Posted on September 14, 2020 by macromon

You know what they say, If you stare at the sky long enough, you will see pink elephants.  We don’t see pink elephants but rather trade setups, among other things,  and have discovered a failproof trade. After studying many patterns … Continue reading →

Posted in Technical Analysis | Tagged , | 1 Comment

Battle OF The Fibos & The Negative Yield Wall

Posted on May 14, 2020 by macromon

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price … Continue reading →

Posted in Equities, Technical Analysis, Uncategorized | Tagged , | 17 Comments

S&P’s Beastly Streak: Five Consecutive Red Candlesticks

Posted on February 26, 2020 by macromon

Extremely ugly price action today with the S&P reversing a 54.30 point gain to close down 11.82 points, carving out a 5th consecutive red daily candlestick. Such an ungodly losing streak is relatively rare and has not happened since the … Continue reading →

Posted in Economics, Technical Analysis, Uncategorized | Tagged , | Leave a comment

Stare At The Clouds Long Enough And… Yikes!

Posted on March 31, 2019 by macromon

As the saying goes, “if you stare at the charts long enough, you can see any pattern you what to see.” We weren’t even staring but spotted this cloud pattern last week. It looks similar to only a pooh bear, … Continue reading →

Posted in Technical Analysis, Uncategorized | Tagged | 1 Comment

Reskilling The American Workforce

Posted on January 23, 2019 by macromon

The future is here, folks. We better start thinking big and bold, beginning with huge investments in human capital.  A new Marshall Plan for the American educational system. Python is not a difficult coding language to learn and the basics … Continue reading →

Posted in Employment, Technical Analysis, Uncategorized | Tagged , | 1 Comment

Getting Your Schtick Right

Posted on August 28, 2018 by macromon

Nice summary tables of various Candlestick patterns. Hat Tip:   @TradingChartsU

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Stock Bull & Bear Traps Galore

Posted on May 7, 2018 by macromon

The S&P500 could not hold the 50-day moving average today, setting, yet again, a nice bull trap to hang out the MoMo crowd.  Seeing a lot more traps, both bull and bear,  these days.  It is the result of the … Continue reading →

Posted in Algos, Apple, Equities, Technical Analysis, Uncategorized | Tagged , , | 28 Comments

Candlestick Cheat Sheet

Posted on May 4, 2018 by macromon

Hat Tip:  @WingGirlTrader  

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Head & Shoulders Everywhere!

Posted on August 23, 2017 by macromon

We once heard the late Yale prof., Stephen Ross, say that “if you stare at the clouds long enough,  you can see pink elephants.” We kind of feel that way, though not completely, about seeing patterns in stock charts.

Posted in Equities, Technical Analysis, Uncategorized | Tagged , , , | 2 Comments

Seek and Destroy ‘Bots, Animated

Posted on February 22, 2017 by macromon

You remember our rant at the beginning of the year,  Seek and Destroy Trading Bots Killing Us?   We suggest you click on the title, read it,  then watch the animation below.  They actually use the words “seek and destroy.” Traders must … Continue reading →

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