John Lee

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Technical Questions to Ask Yourself
Posted by on October 1st, 2010 at 12:18 am, Comments: 0

First, we have a bunch of econ reports coming out today just as we did yesterday. We had a 2.2 pt range in the $SPY, making it the widest one-day range we’ve had since the beginning of this rally. Though it may not be as important because it was the end of the month, we [...]

Simple Strategy for the Rally
Posted by on September 25th, 2010 at 11:18 pm, Comments: 0

On Friday, we may have seen a confirmation day through the use of a modified rising three method multi-candle pattern with Friday’s action completing the setup. On Thursday, Not only did the market reverse, it broke to a new intra-day low before the close. It was a pretty good shake out and I had refused [...]

The $NYMO and $NAMO: Easing Off of Overbought Levels
Posted by on September 18th, 2010 at 6:57 pm, Comments: 0

Here I’m taking a look at the NYSE and NASDAQ McClellan Oscillators. So far, they’re been fairly reliable (but not perfect as with any other indicator). They’re good for estimations and potential warning signs that the market may be overbought or oversold. The NYMO currently has a reading of 24.97 while the NAMO has a [...]

$SPY Analysis 9/9
Posted by on September 9th, 2010 at 8:58 am, Comments: 0

As of 8:55AM, we’ll be gapping up above the consolidation highs. Usually (but not always), this means a continuation in the direction of the gap. There is a very large August intra breakaway gap looking to be filled if there is continuation. Even with a potential failure, there should be sufficient support inside of the [...]

$SPY Analysis 9/7
Posted by on September 7th, 2010 at 8:48 am, Comments: 0

As indicated by the daily chart, there is at least a triple layer of resistance between 110.50-111.50. Make no mistake folks, we’re still in a neutral range. This range is designed to frustrate as many traders as possible so hold steady. The intermediate-term market is still neutral as long as we’re still in a range. [...]

Key Reversal Days
Posted by on August 28th, 2010 at 11:29 pm, Comments: 0

There’s been a trend developing inside the intermediate-term neutral range where we’re seeing key reversal days, followed by a pullback day, and a follow-through confirmation day. This is a reversal 1-2-3 system. Typically, reversals and pullbacks should hold the initial low, but the follow-through day is the most important day. After the follow-through day, there [...]

Candlestick Charts vs. Bar Charts
Posted by on August 14th, 2010 at 6:19 pm, Comments: 0

If you know me, the majority of my charts utilize candlesticks and there are good reason for doing so. Now, I’m not here to say that bar charts are worthless. What I will attempt to explain here are the greater benefits in using candlesticks. Both charts display the same information, but candlesticks show you the [...]

Actionable Long Setups
Posted by on August 8th, 2010 at 7:44 pm, Comments: 0

Here are some long setups to watch for this week.

How I Use Finviz.com
Posted by on August 7th, 2010 at 1:32 pm, Comments: 0

Finviz.com is another trader’s favorite, at least for me. Finviz makes things so much easier because with just a few clicks, you’re able to see the entire market, multiple charts on one page, and create a super custom screener of your choosing. The best part is that Finviz.com is also free! (who doesn’t like free?). [...]

How I Use Stockcharts.com
Posted by on August 6th, 2010 at 11:23 pm, Comments: 0

As you may know, I use Stockcharts.com for at least 90% of my blog posts. I’ve been using them for God knows how many years. The candle charts are very easily distinguishable and include the very important  black filled and red hollow candles that most candlestick charting sites do not provide. Stockcharts.com is just one [...]


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