From the BLS: Total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down by 0.2…
Continue ReadingUncategorized
Let Me Show You Why Relative Strength Is So Important
If you’re not already familiar with relative strength, then I have to ask why not? Yes, absolute price action is…
Continue ReadingHow the ADX and DI Lines Work Together
In this week’s edition of Stock Talk with Joe Rabil, Joe Rabil explains the relationship between the 2 DI lines…
Continue ReadingChartwise Women: Follow Where the Money Flows!
On this week’s edition of Chartwise Women, Mary Ellen and Erin share how you can get in front of where…
Continue ReadingHow to Improve Your Profit-Taking Rules
The S&P 500 (SPY) and the Nasdaq 100 (QQQ) both sit at highs, while the small-cap Russell 2000 (IWM) digests…
Continue ReadingSemiconductors Are Flying – Here’s A Major Breakout
My favorite breakout is one that occurs after a lengthy basing period. Stocks that go through these frustrating periods can…
Continue ReadingTrade Deficit Increased to $80.9 Billion in September
From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that…
Continue ReadingWeekly Initial Unemployment Claims Decrease to 269,000
The DOL reported: In the week ending October 30, the advance figure for seasonally adjusted initial claims was 269,000, a…
Continue ReadingMajor Indices Create Important New Support Levels
The Fed has announced it will continue with its tapering plan. However, the Fed will decrease bond-buying by 10 billion…
Continue ReadingVehicle Sales, Sales Mix and Heavy Trucks
The BEA released their estimate of light vehicle sales for October today. The BEA estimates sales of 12.99 million SAAR…
Continue Reading