Quantcast

The Money Blogs is the source for Blogs about the latest financial and stock market news with rss feeds

Long-term chart patterns

Trading > Morpheus Trading

Dow 10,000. . .so what?

Deron Wagner | Thu, 10/15/2009 - 8:33am | Deron Wagner, ETFs (exchange traded funds), Long-term chart patterns, Morpheus Trading Group, support/resistance levels, Technical Analysis |  Add a comment

Better than expected earnings reports from semiconductor giant Intel and banking leader JPMorgan Chase sparked a broad-based rally yesterday, enabling the major indices to convincingly surge above last month's prior highs. Stocks gapped sharply higher on the open, traded sideways throughout most ... Read more

Trading > Morpheus Trading

S&P 500 at key inflection point

Deron Wagner | Fri, 09/18/2009 - 8:34am | DETFs (exchange traded funds), Long-term chart patterns, support/resistance levels, Technical Analysis |  1 comment

Breaking their three-day winning streak, stocks followed up the previous day's strong gains with a modest pullback on lighter volume. The major indices traded in positive territory throughout the morning, drifted lower at mid-day, then recovered off their lows in the afternoon. The end result was ... Read more

Trading > Morpheus Trading

Will the year 2002 - 2003 lows hold?

Deron Wagner | Thu, 11/20/2008 - 8:27am | Japanese Yen ETF, Long-term chart patterns |  Add a comment

Not surprisingly, Tuesday's late-day rally failed to generate any upside momentum. On the contrary, traders sold into strength of the modest bounce, causing the major indices to firmly plunge to new five-year lows. The Dow Jones Industrial Average fell 5.1%, the S&P 500 6.1%, and the Nasdaq Co ... Read more