Alpha Trends is dedicated to unbiased technical analysis of momentum stocks or stocks that look poised for a large move in either direction. It is updated by Brian Shannon with video and written technical analysis of the equities markets and individual stocks
The chart below is a 2 minute chart (each candle represents 2 minutes of trading) in the Financial Sector Spyders (XLF) from Friday. The numbers on the chart line up with my comments (left of the chart) on twitter about the XLF. Each comment is timestamped, the 2 hour difference is my local time ver ... Read more
Live event Monday April 13 at 8PM Eastern you can REGISTER HERE Last weeks event did fill up so be sure to register early. Once again, NO EMAILS if there is a stock (ONLY ONE PER PERSON) you would like me to look at, twitter requests ONLY, thanks. First come, first serve and guarantee th ... Read more
These 30 minute charts show how extended some of the markets have gotten, but shorting into this momentum has not made sense for more than quick intraday trades. Most interesting now will be if the financials can hold above the prior resistance at 9.75. ... Read the full post ... Read more
If men swear that they want to harm you when you are asleep, you can go to sleep. If women say so, stay awake. ~African Proverb ... Read the full post ... Read more
Markets gapped lower this morning and are attempting to recover but the short term pattern of lower highs and lower lows and continued weakness of the advance/decline (now 693: 2128) gives reason for further concern. ... Read the full post ... Read more