I hope you all had a great Fourth of July and are relaxed and ready for some market action, because the Philadelphia Semiconductor Index ($SOX) looks rested and ready for a breakout. I have three reasons to watch this index for big movement today.
The Dow Jones Industrial Average ($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
The Dow may be headed for another test at 9,800. Today’s mid-day reversal from resistance at 10,325 all but sealed the deal for another key test at critical support. Here’s why…
The Central Pivot Range (CPR) is one of the most versatile price-based indicators available to traders. This versatility makes this indicator a mainstay in my trading arsenal.