http://robinhoodtrader.com Sat, 06 Mar 2010 14:17:29 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 Improve Your Market Timing: The Cup & Handle Chart Pattern http://robinhoodtrader.com/2010/03/06/improve-your-market-timing-the-cup-handle-chart-pattern/ http://robinhoodtrader.com/2010/03/06/improve-your-market-timing-the-cup-handle-chart-pattern/#comments Sat, 06 Mar 2010 14:05:40 +0000 Robin http://robinhoodtrader.com/?p=3079
  • The Cup & Handle is a bullish continuation pattern that starts with the stock pulling back after a bullish trend and forming a rounded bottom that resembles a cup.  It then ascends to form the backside of the cup and consolidates into a flag or handle.  The handle should ideally form at the level of the beginning of the downtrend on the front side of the cup but it is still a valid pattern even if the back lip of handle of the cup forms lower than the front lip.
  • The entry point is the high of the handle and the upside potential is usually measured by the depth of the cup added to the breakout point.
  • After pulling back and trading in a relatively tight pattern and forming a rounded bottom and then ascending to the consolidation handle, profit taking begins to appear as the stock flattens on deceasing volume.
  • The continuation of the bullish move occurs when the stock breaks above the high of the handle with increasing volume.
  • An astute trader will realize that the bearishness is temporary and the breakout represents the investment communities’ continuing participation in the longer term upside move.

    • 3-5-2010 6-11-41 PMcup&handle

    ]]>     http://robinhoodtrader.com/2010/03/06/improve-your-market-timing-the-cup-handle-chart-pattern/feed/ 0     Will the Bullish Move Continue on the DOW, S&P 500 and Nasdaq? http://robinhoodtrader.com/2010/03/06/will-the-bullish-move-continue-on-the-dow-sp-500-and-nasdaq/ http://robinhoodtrader.com/2010/03/06/will-the-bullish-move-continue-on-the-dow-sp-500-and-nasdaq/#comments Sat, 06 Mar 2010 14:00:25 +0000 Robin http://robinhoodtrader.com/?p=3083 The INDU, SPX and COMPQ all formed Cup & Handle Chart Patterns and broke to the upside with gusto out of that pattern.  The volume was not impressive which leads me to believe that we could stall and possibly retrace.  All three indexes broke above the 50 SMA and a logical retracement target could be back to test the moving average.  The COMPQ formed a double top which give further credence to the thought that the index will consolidate and possibly retrace.  If the COMPQ breaks above the double top, I must see that happen on increased volume to confirm the breakout.

    DOW

    [See post to watch Flash video]


    S&P 500

    [See post to watch Flash video]


    Nasdaq

    [See post to watch Flash video]

    ]]>     http://robinhoodtrader.com/2010/03/06/will-the-bullish-move-continue-on-the-dow-sp-500-and-nasdaq/feed/ 0     DOW Video Chart Week Ending 2-26-2010 http://robinhoodtrader.com/2010/02/28/dow-video-chart-week-ending-2-26-2010/ http://robinhoodtrader.com/2010/02/28/dow-video-chart-week-ending-2-26-2010/#comments Sun, 28 Feb 2010 17:09:19 +0000 Robin http://robinhoodtrader.com/?p=3070 The Dow Jones Industrial average, SPX and COMPQ are all forming Cup & Handles.

    Learn more about Chart Patterns at www.markettamer.com

    [See post to watch Flash video]

    ]]>     http://robinhoodtrader.com/2010/02/28/dow-video-chart-week-ending-2-26-2010/feed/ 0     S&P Video Chart Week Ending 2-26-2010 http://robinhoodtrader.com/2010/02/28/sp-video-chart-week-ending-2-26-2010/ http://robinhoodtrader.com/2010/02/28/sp-video-chart-week-ending-2-26-2010/#comments Sun, 28 Feb 2010 17:07:55 +0000 Robin http://robinhoodtrader.com/?p=3067 [See post to watch Flash video]

    ]]>     http://robinhoodtrader.com/2010/02/28/sp-video-chart-week-ending-2-26-2010/feed/ 0     Nasdaq Video Chart Week Ending 2-26-2010 http://robinhoodtrader.com/2010/02/28/nasdaq-video-chart-week-ending-2-26-2010/ http://robinhoodtrader.com/2010/02/28/nasdaq-video-chart-week-ending-2-26-2010/#comments Sun, 28 Feb 2010 17:07:01 +0000 Robin http://robinhoodtrader.com/?p=3064 [See post to watch Flash video]

    ]]>     http://robinhoodtrader.com/2010/02/28/nasdaq-video-chart-week-ending-2-26-2010/feed/ 0     Improve Your Market Timing: The Descending Triangle Chart Pattern http://robinhoodtrader.com/2010/02/26/improve-your-market-timing-the-descending-triangle-chart-pattern/ http://robinhoodtrader.com/2010/02/26/improve-your-market-timing-the-descending-triangle-chart-pattern/#comments Sat, 27 Feb 2010 04:00:15 +0000 Robin http://robinhoodtrader.com/?p=3054
  • This Pattern is the inverse of the Ascending Triangle and is a bearish continuation pattern.

    •  

    • The stock has formed consistent support as evidenced by several touches on the lower and basically horizontal trend line as the upper trend line posts consistently lower highs.

     

    • The selling pressure is evident as the trend lines converge and the breakdown point is the breach of the lower horizontal trend line on increasing volume.

     

    • The stock has repeatedly challenged the lower horizontal trend line which acts as support but has not breached the level.

     

    • Selling pressure is present as evidenced by the lower highs and are depicted by the converging upper trend line.

     

    • Eventually, the stock will usually break through the support n increasing volume and will continue its downside move.

    2-26-2010 8-52-15 PMdescendingtriangle2

    ]]>     http://robinhoodtrader.com/2010/02/26/improve-your-market-timing-the-descending-triangle-chart-pattern/feed/ 0     INDU Chart Week Ending 2/19/2010 http://robinhoodtrader.com/2010/02/19/indu-chart-week-ending-2192010/ http://robinhoodtrader.com/2010/02/19/indu-chart-week-ending-2192010/#comments Sat, 20 Feb 2010 01:58:04 +0000 Robin http://robinhoodtrader.com/?p=3048 The INDU continues to move to the upside but will probably retrace soon.

     

    [See post to watch Flash video] ]]>     http://robinhoodtrader.com/2010/02/19/indu-chart-week-ending-2192010/feed/ 0     SPX Chart Week Ending 2/19/2010 http://robinhoodtrader.com/2010/02/19/spx-chart-week-ending-2192010/ http://robinhoodtrader.com/2010/02/19/spx-chart-week-ending-2192010/#comments Sat, 20 Feb 2010 01:45:12 +0000 Robin http://robinhoodtrader.com/?p=3033  

    The SPX is at resistance and will begin to stall at this level.

    [See post to watch Flash video] ]]>     http://robinhoodtrader.com/2010/02/19/spx-chart-week-ending-2192010/feed/ 0     COMPQ Chart Week Ending 2/19/2010 http://robinhoodtrader.com/2010/02/19/compq-chart-week-ending-2192010/ http://robinhoodtrader.com/2010/02/19/compq-chart-week-ending-2192010/#comments Sat, 20 Feb 2010 01:44:17 +0000 Robin http://robinhoodtrader.com/?p=3036  

    The COMPQ  will come back down to retest recent resistance which is now support.

    [See post to watch Flash video] ]]>     http://robinhoodtrader.com/2010/02/19/compq-chart-week-ending-2192010/feed/ 0     Improve Your Timing: The Ascending Triangle Chart Pattern http://robinhoodtrader.com/2010/02/19/improve-your-timing-the-ascending-triangle-chart-pattern/ http://robinhoodtrader.com/2010/02/19/improve-your-timing-the-ascending-triangle-chart-pattern/#comments Sat, 20 Feb 2010 01:42:12 +0000 Robin http://robinhoodtrader.com/?p=3023
  • The Ascending Triangle is a bullish continuation pattern and is comprised of an upper trend line that is horizontal which acts as resistance and a lower trend line connecting higher lows and converging towards the upper trend line.
  • The pattern is found in a bullish market and is generally considered a continuation pattern although it can sometimes reverse the market.
  • The breakout point is above the horizontal upper trend line and the target move after the breakout is the widest part of the triangle added to the breakout point.
  • The stock begins to stagnate to the upside with wider range trading.  The upside trend line remains as strong resistance as the stock begins to put in higher lows.  The investment community is telling us that there is a diminishing desire to take the stock lower and the presence of a converging lower trend line bodes for an upside breakout above the upper trend line.
  • The buying pressure is evident as the stock puts in higher lows while stubbornly holding steady at the high of the range.
  • Eventually, the stock will break through and past the resistance to establish new highs on increased volume.

    • 2-19-2010 5-39-35 PMascendtriangle

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