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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Tags: day trading, stock market commentary, stock picks, technical analysis, trade plans by admin
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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 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, June 29th.

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Tags: candlestick chart patterns, day trading, general, options trading, stock market commentary, technical analysis, trade plans by admin
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