This week Steve S. wins Gold with a 19.01% gain trading long TQQQ, Rich N. wins Silver trading long UPRO with a gain of 7.48%, and Francis D. wins Bronze with a gain of 5.67% trading long A.
Hello SpikeTraders,Markets rallied and demonstrated good upside follow thru and now needs to show it can hold above the 4000 level while new monthly lows remain below 500. For the most part the move has held its script. Let’s look at the charts…
Hello SpikeTraders,Markets closed higher with another Spike Bounce signal triggering as positive divergences remain in play. Markets rallied in the afternoon shortly after the Fed minutes were released, confirming the intention of further interest rate increases. Let’s look at the charts…
Hello SpikeTraders,Markets closed mixed as all three major indexes closed off their lows and near the high of the day. The Nasdaq was the weakest, closing down over 2% as the S&P500 was down 32-points, and the Dow Jones Industrials closed marginally higher by 48-points. With today’s mixed action, what clues can we glean from the charts to see if the Spike Signal and Spike Bounce signal will be strong enough to provide additional upside for the rally? Let’s look at the charts…
Hello SpikeTraders,Markets came off a seven week losing streak as a new Spike Signal and a V-1 Trigger had confirmed on Friday. Today a Strong Bounce signal triggered as the monthly NH-NL Index moved back above -500. Let’s look at the charts…
Hello SpikeTraders,Last wee a Spike signal formed and confirmed on Friday. A Spike Signal triggered intra-week on Tuesday and was confirmed on Friday once the week closed and the 52-week NH-NL Index moved back above -4000. All signals and triggers will form intra-bar but they are not confirmed until that bar is closed. I thought I would comment about this action as there were several questions referencing this signal last week. Let’s look at the charts…
This week Nilton D. wins Gold with a 5.75% gain trading long TNA, Nick V. wins Silver trading long LYB with a gain of 4.04%, and Louis C. wins Bronze with a gain of 2.35% trading long NEXT.
Hello SpikeTraders,Markets closed negative in a choppy trading session. The S&P 500 slid closer toward bear market territory, defined as a close of 20% from its recent high.The index is down roughly 19% from its all-time high. Let’s look at the charts…
Hello SpikeTraders,Stocks ended mixed with Spike Bounce signal moving into neutral mode. The S&P did manage to move above the 4000 level but retreated from its highs of the day going into the close. Let’s look at the charts….
This week Robert James B. wins Gold with a 5.60% gain trading long SNOW, Louis C. wins Silver trading long NEXT with a gain of 4.06%, and Nilton D. wins Bronze with a gain of 3.45% trading long SVXY.