Jonny.Pro

Jonny.Pro

There was an obvious over shooting with this strong gap. And I just got a nice long Signal. Long we go.

Jonny.Pro

Nice short trade on the SPY with a very tight stop, just the way I like them. I am using a really nice indicator that these guys from www.ProTradingIndicators.com have created called - DIG Smart Points. ( I got the monthly subscription plan on TradingView). The spy has been going back and for for some time not, and I am glad I am able to take a direction.

Jonny.Pro

Cisco had quite a bad year. When the majority of stocks had double digits returns, this one has made a lot less. Letting the fundamental issues Cisco is facing aside, let's take a technical point of view on the stock and see where it could go. On the daily chart we are quite in a intriguing intersection. On the one hand, we are obviously on a down trend, multiple...

Jonny.Pro

Twitter was IPO'd on November, and we've come quite a long way since then. The hype was high at the beginning, but the first month of trading was quite bleak. Later on, there was commentaries of big institutions (Blackstone and few others) talking about how Twitter could make it and become the Facebook of the next decade. This is probably the reason why the...

Jonny.Pro

Hello Traders! Let's talk energy. As you already may know, USO is the ETF representing the price of crude oil. Since we're on the verge of 2013, it's time to try an analyse the long term bias of that commodity. On the chart above, you can see a monthly chart of Oil prices since 2007. I would like to focus on the action starting at 2008 to the present. There we...

Jonny.Pro

Hello Traders! The'res less than a week for the trading year to end, which gives us the opportunity to see things on a slightly larger scale than we are used to. The question that we're all asking is, what is 2014 going to be like for the stock market? Will the Dollar hold up better the next year? And the most important question of all, will Bitcoin be dominant...

Jonny.Pro

Hello traders. On the chart we have two equities, one with the plain candle sticks is Coca Cola (KO), and on the thin candle stick we have the SPY representing the S&P 500. Analyzing this chart requires no special technical analysis knowledge, just a basic ability to compare geometrical shapes...At a first glance, there's a certain correlation between the SPY...

Jonny.Pro

The Market Direction Prediction I've pointed above (SHORT) sums up this post in one word, but don't short just yet! When approaching such a rare looking chart, we as traders, try to find similar looking behavior in the past, that could maybe tell us something about the future. Problem is there's not many. Putting as many indicators and analysis techniques simply...

Jonny.Pro

Hello Traders, Twitter has been the hot topic for the past few weeks. On Bloomberg TV, there was not a day without mentioning this IPO at least 10 times. Finally NYSE gave birth to that child, which is now over two weeks old. It's time to peek into the chart and see if it says something interesting for us, the traders. Plotting the DIG Pivot Break and the DIG...

Jonny.Pro

Bitcoin. Everyone's hovering over this magnificent and bizarre creature that suddenly popped over, and now seems to be everywhere. We will not talk about what the concept is all about, because there's plenty of good articles over the net. Also we won't talk about trying to determine where could that digital currency go from here - Up, after a %600 pop? Maybe down...

Jonny.Pro

Hello Traders! For some reason, we are not surprised any more from the recent price action of the market. Well, we really should. Considering the determination of the market and the lack of a decent pull back, the recent uptrend is obviously something very rare. The reason for this remarkable uptrend is said to be attributed directly to the “FED’s tapering”....

Jonny.Pro

Hello traders! This week, as analyzed previously, we continued to drift higher by a reasonable pace. Although there has been two days of retracement, this is obviously not enough after the recent uptrend starting on early october. All market participants talk about, and expect a retracement which refuses to come. We witnessed a significant number of participants...

Jonny.Pro

Hello Traders! Although last week the market didn’t move much, we still drilled up just to set record highs over and over again. This is quite understandable regarding the last fierce up weeks we had lately, but it seems that the market is feeling quite comfortable on this rally and looks to continue that, maybe with a different pace. Let’s talk technical....

Jonny.Pro

“When you’re in the news business, you always expect the unexpected”. These are the words of the renowned journalist Helen Thomas. We would also add “In the trading business”, as the last week’s scenario of the market breaking all time highs in current market conditions was unexpected among the vast majority of the trading community. Well, it did happen, with a...

Jonny.Pro

This week the market experienced high volatility in prices, much more than the ranges we are used to. This activity of course, cannot be detached from the ongoing developing story of the U.S debt ceiling. Early last week the market dropped sharply as concerns over an upcoming solution to the government shutdown and the debt ceiling were still high, meanwhile, the...

Jonny.Pro

Hello Traders! This week we had quite a flat activity. The market has practically gone nowhere, probably amid concerns of the so called “Shutdown” of the American government services. This issue seems to concern and worry a lot of market participants and investors, not only in the united states. On the other hand, listening to what Goldman Sachs has to say about...

Jonny.Pro

Hello Traders! This week the market experienced a mediocre decline, this decline is a continuation of the - apparently false - 171 breakout that happened two weeks ago. Of course, after such a thrust upward, it is only healthy for the market participants to realize some gains, but on a technical point, we would prefer to see a slower motion rather than the fast...

Jonny.Pro

Hello Traders! This week was quite a bumpy one. We started with a gap above the all times high, an opening pattern that a lot of traders see as a trusty buying signal, just to see the prices drifting back below the high. One thing to mention about that pattern is that the retracement volume wasn’t that significant - a situation which can imply that this...