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long-term market trends

Trading > Morpheus Trading

Long-term downtrends still in effect

Deron Wagner | Thu, 09/17/2009 - 9:03am | chart patterns, Deron Wagner, ETFs (exchange traded funds), Fibonacci, long-term market trends, Morpheus Trading Group, support/resistance levels, Technical Analysis |  1 comment

Scoring their seventh gain within the past eight sessions, the major indices pushed further into new high of the year territory yesterday. As we've seen numerous times in recent weeks, stocks initially faced a bit of selling on the open, but the assiduous bulls again stepped up to the plate, caus ... Read more

Trading > Morpheus Trading

A look at the long-term, weekly chart patterns

Deron Wagner | Wed, 07/22/2009 - 8:30am | chart patterns of the major indices, ETFs (exchange traded funds), long-term market trends, support/resistance levels, Technical Analysis |  Add a comment

Throughout most of the day, it looked as though stocks were finally going to break their winning streak, but a late-day push in the final hour of trading enabled the major indices to score another round of gains. Blue chips led the way this time, as the Dow Jones Industrial Average climbed 0.8%. T ... Read more