OVI Market UpdateWhile the broad markets make record highs poor old AAPL is making 12-month lows.  Remember, you only want to enter a trade where all the planets are lining up and it's a no-brainer type of situation.  The S&P has gathered its composure after its wobble though... [More]

Following on from last week's note about railroad tracks, here's a quick follow up.  For avoidance of any doubt, our bread and butter trading is using the OVI for breakouts and continuation patterns.  However, once in a while a decent reversal pattern presents itself by way of Doji bar ext... [More]

Important Chart Pattern - Railroad Tracks in the Country  On Monday both AAPL and AMZN formed the identical chart pattern, but AAPL was going in one direction and AMZN was going in the other.  This gives us a great opportunity to show the pattern in action.  AMZN is more obvious so w... [More]

VIX at 5-Year LowThe VIX (Chicago Board Options Exchange Market Volatility Index) is a measure of the implied volatility of the S&P 500 index options.  It represents one measure of the market's expectation of stock market volatility over the next 30 day period. Options volati... [More]

I just had to show you a classic reversal setup that I saw last night.  SPYIn the chart you can see a Doji bar setup where there is also a 20-day extreme in price.  Here it's a price high, in other words, the SPY is making a 20-day high with the Doji bar.  A Doji bar is one where t... [More]