May 16
If this market is to sustain its uptrend it will likely need to have some new leaders emerge from previously poor performing sectors. As we’ve discussed previously we are seeing a lot of charts in the energy sector taking shape, two of which we want to enter long this morning; Exxon-Mobil ($XOM), and Weatherford Intl …
May 03
Is it just me or has this most recent all time high been accompanied by more top calling than the previous ones? Maybe it’s just my twitter stream but I feel like we’re entering a new phase of top-calling, where now it’s not just anyone, we’re told it’s ‘professionals’ or ‘respected’ technicians that are saying …
Apr 24
$ALXN has pretty much been straight down since our entry. We had a marginal break of that $91 area we cited before managing to climb back above it Tuesday, but in Wednesday’s session it performed poorly again finishing with a clean break to an 8-week low. In our entry post we stated such a move …
Apr 15
Today was a good day for building and reviewing watch lists. When you see that kind of market weakness it’s always a useful exercise to run through all your existing positions one by one and confirm that your entry rationales remain valid and where your risk is greatest. As I confirmed earlier, we have a lot …
Apr 03
I’m away all this week, a combination of a long weekend break for Easter, spring break for my kids, and business in NY where I’ll attend the MTA’s Annual Symposium celebrating 40 years of professionals managing market risk. It’s hard to believe the Alpha Capture blog is only 10 weeks old. I’m very grateful for …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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