Friday, October 24, 2014

Candlestick Patterns

Long-Legged Bears Will Engulf First Solar (FSLR)

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Last week, First Solar (FSLR) ran up significantly on news of a large deal for a solar power plant in China. The second day of the run was highlighted in my post about Opening Gap Reversals. ¬†That day saw a huge run up early in the morning and a slow burn back down to its […]

Day Trading is Not an Exact Science

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The great thing about science is that it full of fun facts and formulas.¬† The fascinating thing about trading is that it is not. I pointed out a support level on Apple (AAPL) at 168.67 in another post. In that post, I also mentioned that I was long Apple (AAPL) above 168.67, and short below […]

A Shooting Star on SPY

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As normal trading hours wound down today, I mentioned on Twitter via Stocktwits, that the current candle formation on the SPY daily chart is an ominous sign for the bulls. The Shooting Star The shooting star is one of the more basic candlestick formations. It is the final candlestick in the chart above. What characterizes […]