$USO Looks Bullish

The United States Oil Fund ETF ($USO) has dropped sharply over the last two weeks of trading, selling off from $38.00 to $34.60. However, $USO may be on the verge of a nice Turkey Day bounce heading into the end of the week. Read More.. [...]

Action Levels for the ES for 7/20

The ES played extremely well off our Action Levels yesterday, as two decent sell opportunties led to moves of 12 and 9 points. Given yesterday's relatively quiet trading day, we could see another explosive breakout/trend day upon us. Let's take a look at the levels to watch for today's trading. [...]

Buy $TPX and Sleep Tight

Tempur-Pedic ($TPX) looks like a buy - both as a stock and as a mattress. $TPX has traded in a highly predictable manner within a clearly established range since March...and looks poised for another bounce! [...]

Has the Russell 2000 Found Support?

The major market indexes have been testing price levels below critical support areas over the last two days, but some indexes are beginning to show signs of life - including the Russell 2000 Index. The $RUT has high concentrations of support confluence that could lead to a big bounce in this index. Let's take a look! [...]

3 Thoughts on the Dow

The Dow Jones Industrial Average ($DJI) experienced an incredible reversal today after testing the 10,600 level, which left many people scratching their heads about direction, including me. Fortunately, I've got three thoughts on the Dow, which could help to shed some light on future direction [...]

Pivot Width Analysis (Part 3 of 3)

Pivot Width Analysis is one of my favorite forms of analysis because it’s simple and it works. This article is Part 3 of a three part series that will take a look at how I use pivot width analysis to forecast price behavior. [...]

The Camarilla Equation Explained

Having trouble following the topic of discussion when someone throws out the words "Camarilla Equation" at your local trader happy hour? Relax. I've got a quick primer for you that will remove the cloak of secrecy from this fascinating price-based indicator. [...]