Tag Archives: IWM

Selloff or grinding up – what’s next?

Look at the chart of VIX gives me 50/50 chance of either. When VIX was 10 – 15 market generally stayed positive with some periods of pause and refresh. Check for yourself the chart of SPY: The ETFs that were … Continue reading

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IWM or TNA?

IWM is just a plain vanilla ETF. TNA is a “juiced” vehicle that is supposed to work like 3x IWM. I use mainly plain vanilla ETFs. Only sometimes, when I feel really energized, I use TNA for a really short … Continue reading

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Reading charts to decide on the next step?

Do charts give us clear signals? – No. Can I put all my money or lots of it on a chart signal? – No. At least I would not recommend. Charts give us good enough signals… Every trading day I … Continue reading

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Next winner: Weekly or Daily

What should guide the trades this week? Some ETFs I track show H&S on weekly charts (EEM, EWC, XME). These H&S started when the market took off in July 2009. See weekly chart of EEM: left shoulder top around $44 … Continue reading

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Traders Fatigue

Is that wishful thinking or I am just getting tired watching these dramatic market moves? I just reviewed some of the major 5 years weekly charts and I do NOT see a confirmed downtrend yet. SPY looks like it is … Continue reading

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Not My Money?

Lat week I wrote about the “sunk money” phenomenon. I used a hypothetical trade, not a recommendation or any description of a setup that I would use. However I am sure lots of traders got themselves involved in IWM the … Continue reading

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“Sunk Cost” Trap

Trading is a losing proposition for many. For me one sure thing in trading is risk. Can I manage my reaction to it? If I am one of many technical traders, and most of them have access to very good … Continue reading

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Playing the catch-up game

I do not chase the trades. It’s against my rules. I rather look if there is anything, from my selection of ETFs, which might try to play a “catch-up” game. Most of the time I find at least couple of … Continue reading

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Intraday Trade Part 3

Question: “Since the trend of longer time frame determines the resistance in your set up, I would like to know what conditions have to happen for you to consider the “up trend” change to either consolidation or down trend?” Let’s … Continue reading

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Intraday Trade Part 2

Question: “If there is a lot of momentum, usually there isn’t any pullback…what would you do then?” Answer: “There is always a pullback. It’s a matter of time. Look at multiple time frames. I never chase, I always wait for … Continue reading

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