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We’ve got another very helpful integration to announce with respect to Slope’s very popular Virtual Trading feature: now you can have a watch list in SlopeCharts which automatically retains all of the symbols for all of your open positions.
Using it is a snap and only takes a moment: just go to the Preferences in SlopeCharts, go to the Watch Lists tab, and check the checkbox labeled as Show Positions Watchlist:
(more…)Although not the kind most like to see:
I was saying in my last post on Monday that a retest of the high looked likely and we saw new all time highs on both SPX and NDX as expected. So what now?
Well the best pattern on the board on Monday was the rising wedge on the Dow, and that is still looking pretty good. A daily RSI 5 sell signal has fixed there already of course, as one has on SPX as well.
INDU 60min chart:
Amazing what digital printing presses are capable of doing, even with the real economy in shambles.
I was intrigued by this headline:
In it the analyst states, “The market is overbought and the market is probably a little bit overvalued quite frankly“.
Err, yeah, “quite frankly” I’m inclined to agree. Although I’m not as sure about the “little bit” part. Like, what? One percent? Two?
Witness this madness:
(more…)
