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
for Celgene (CELG) today. I covered my short position this morning at 39.15 (nice gift)and the sketch below is an approximation of how trading could occur today. This is a pattern I have observed in many stocks which gap lower on news. Keep in mind that it is not a prediction of what will happen, bu ... Read more
I have received tons of questions and as of today there is a free resource with VWAP. Free Real Time VWAP Charting from brian shannon on Vimeo ... Read the full post ... Read more
from yesterday's drop. The markets are above the VWAP from the March 10 gap and it appears the bulls aren't quite ready to roll over and die...yet. If you have been trading long this morning, it looks like a good place to tighten stops just below the 5DMA and then monitor the 1 minute charts for sho ... Read more
One of the hardest things to teach a child is that the truth is more important than the consequences. ~Q.A. Battista ... Read the full post ... Read more
Since this rally began on March 10th, the buyers have maintained control of the trend as evidenced by the rising Volume Weighted Average Price from that date. The financials have broken below that level and other markets are close to breaking, be careful. ... Read the full post ... Read more
The uptrend lines since this rally began have been broken today, the markets are below the flat/declining 5 DMAs and the VWAP (purple MA) since the rally began is now coming into play. A bounce from these levels will give good indication as to the conviction of the buyers of the recent rally. Be ver ... Read more