The Shift from Technical Analysis to Mental Analysis

Effective Trade Plans delivered daily from AccendoTraders.com. Here is our video technical analysis trade plan for Sunday, August 24th.

Oh Where, oh where did our Volume Go.  Oh where or where could it be.  Yes, the volume for the month of August has dropped off considerably since the beginning of the month.  Gone with the volume is the conviction of the market.  There is no trend.  We have consolidated for the last week or so.  So, what will be the catalyst to move the market one way or the other?

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Effective Trade Plans delivered daily from AccendoTraders.com. Here is our video technical analysis trade plan for Sunday, August 17th.

The market paused last week to digest it’s 7% move off the July low.  We also have the resistance of the 50 XMA for the DOW and we are just above that for the S&P 500.  There is not a lot of schedule economic data for the week.  We are also over the hump now with regards to earnings season.  So, what will be our catalyst to move one way or the other?

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Effective Trade Plans delivered daily from AccendoTraders.com. Here is our video technical analysis trade plan for Sunday, August 10th.

The market continued its roller coaster ride this week. The Dollar Rallied early in the week as we saw the easy long play on Euro begin to wind. Even after the Fed kept rates unchanged on Tuesday, the dollar still held strong. However, on Thursday, we had the weekly jobless claim raise to new highs. This caused the 4-week average to reach its highest level since July 2003. However, it was refreshing to see the market buy the dip as we rallied hard on Friday.

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Effective Trade Plans delivered daily from AccendoTraders.com. Here is our video technical analysis trade plan for Sunday, August 3rd.

The market has put in the first higher low in a long while.  We are once again in the short term caustiously bullish; however, remember we still have strong resistance of the 50 XMA above.  This would setup a potential double top if we fail to breakthrough.  On Tuesday, we have the FOMC Policy Statement.  Perhaps this will be the catalyst to push us through resistance or send us back to the March lows.

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Effective Trade Plans delivered daily from AccendoTraders.com. Here is our video technical analysis trade plan for Sunday, July 27th.

The market failed to continue its upswing.  Many would say that the market just moved too fast and too far; however, those who watched our videos know that it was simply a case of the major indexes (S&P500, NASDAQ, and DOW JONES) coming into resistance of the 50 XMA.  The market has since fallen back to approximately 50% of the short term high and the bottom of the multi month consolidation pattern.  If the market continues lower, those who bought long last week will feel the pressure to sell.

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Effective Trade Plans delivered daily from AccendoTraders.com.  Here is our video technical analysis trade plan for Sunday, July 20th.

The market continued to be exhausting for its participants.  We started off with the uncertainity brought on by the failure of IndyMac Bank.  There was plenty of government testimony in support of the debt of Freddic Mac and Fannie Mae by Secretary Paulson and Fed. Chairman Bernanke.  However, the market technicals of oversold were lessoned by the earnings report by Wells Fargo.  Wells Fargo beat their earnings expectations, but more importantly, they rose their dividend.

The rise of the financial sector continued the next day when JP Morgan followed up with a better than expected earnings report.  Although Microsoft and Google missed their earnings on Friday weighing heavily on the NASDAQ, the broader market of the S&P 500 remained solid off of the earnings report of Citigroup.  Click on the video below to see more of our technical analysis video trade plan for this week.

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Effective Trade Plans delivered daily from AccendoTraders.com.  Here is our video technical analysis trade plan for Sunday, July 13th.

The market had a roller coaster type of week.  The news surronding Freddie Mac and Fannie Mae weighed down the beaten Financial sector.  Oil once again made the market go round and round reaching lows of 135 to new highs of 147.  We had the rebirth of Merger Monday with the announcement of the Dow Chemical Deal and the confirmation that the InBev Anheuser Busch Deal looks to be completing.  Finally, we had the kick of to the new earnings season with the reports from Alcoa and General Electric which were in line.

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