The longer the market trades in a range, the stronger the breakout is when it occurs. The S&P 500 has setup a very similar topping pattern this month as it did in August before a rapid and steep sell off. John Nyaradi of www.wall-street-sector-selector.com, created a nice chart showing this in an article he wrote on SeekingAlpha.com: As you can see the topping patterns are very similar including the Full Stochastics being overbought. However, this time, the RSI has been even more … [Read more...]
100 Free Trades at E*Trade a Good Deal?
Don't be fooled by this introductory offer. Unless you're a day-trader, or are looking to re-balance 100 stocks you might have a hard time capitalizing on the 100 free trades. They're only commission-free for the first 30 days after you open the account and you have to pay upfront for the trades and E*Trade will refund you the cost within 8 weeks. The no annual IRA fee and no account minimums is also offered by TradeKing. Below you can see how E*Trade and the other major online … [Read more...]
