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A Counter-Trend Rally
by Blue Line Trading
System Trades: None (see discussion below regarding shorter-term signals).
A Counter-Trend Rally
The only question I have is whether this count...
Special Alert: Seeing Is Believing
by Blue Line Trading
The Nasdaq was down 4% Wednesday, the Dow was down 2.4%. The equivilent of a 4% drop in the Dow would have been just over 1,000 points.
In the b...
New Trading Update Wednesday, May 9th
by Blue Line Trading
If you are receiving two of these Morning Updates it just means we haven't yet solved the unified update function of the website.
As described yes...
Morning Update: May 9th
by Blue Line Trading
If you are receiving two of these Morning Updates it just means we haven't yet solved the unified update function of the website. As described yest...
Weekend Update: May 5th
by Blue Line Trading
Both our trend model and pattern recognition approaches to the market remain in agreement that the dominant trend of the market is down. It woul...
Thursday Update: Leading The Way Down
by Blue Line Trading
The Dow Jones Transportation Average has been leading the Dow and the rest of the market down ever since its all time record high on January 16, 20...
May Day Update: Part II
by Blue Line Trading
Two key levels on the DOW:
23,726 = 200 day moving average
23,334 = April 2nd low
The chart below illustrates the key importance of those two level...
Interim Alert: May Day
by Blue Line Trading
The charts below show the Dow and S&P approaching their respective 200 Day Moving Averages (black lines). A hard break below could send the mar...
Weekend Update: New Special Situation Trade
by Blue Line Trading
Emergence of a New Special Situations Trade
Chinese Smartphone Sales Collapse In Biggest Decline Ever.
Doubts Grow At Apple That A $1,000 Smartphon...
Thursday Update: Eyes On The Prize
by Blue Line Trading
FAQ: Where are those big gains on the Short side?
A: One weekly bar away.
Ever since the major top in late January the market has been trending lo...
Interim Market Alert
by Blue Line Trading
As the market is tanking for the second day in a row, UVXY (Special Situation Portfolio) is now in Buy_Pending mode. It will reverse Long on a clo...
Tuesday Update: Part II
by Blue Line Trading
As promised, here are today's tables, current as of two hours before the close of trading. Note that the GBTC Long now has a reversal price and tha...