We are going to begin to build a few long positions at these levels…

Todd Butterfield Model Stock Portfolio, Trade Updates

Some stocks on our radar.

Todd Butterfield Blog, Model Stock Portfolio, Trade Updates

Surprises & Scenarios

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 12-12-2014 This week, the Wyckoff Wave surprised many traders, including myself, and reacted back into its long and ever changing trading range. The prevailing scenario, that the Wave was reacting back to a Last Point of Support, didn’t work out. The Wyckoff Wave is now solidly back in its trading range and waiting for new ending action before its next important rally or reaction. While last week’s post reasonably …

Small Waves Can Set Up Important Movers In The Other Direction

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 12-05-2014 Sometimes, the stock market is sending a signal that it may be ready to make a short-term move in a particular direction. That minor move may also be in preparation for a more significant move in the other direction. That phenomena may be happening now. While it is never over (confirmed) until the fat lady sings, she may be warming up. Let’s review this possible scenario by looking …

This Crazy Trading Range

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 04-25-2014 The Wyckoff Wave’s most recent trading range, which began in February at point R, is a classic example of why the Wyckoff strategies and techniques are not mechanical tools. While it is very easy, in hindsight, to go back and highlight springs, up thrusts, signs of strength and weakness and last points of supply or support, it can sometimes be difficult to identify them as they happen. That …

When A Backup Isn’t A Backup

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-14-2014 Unfortunately trading in the stock market does not offer easy mechanical solutions to the market’s future direction. If that was so, everyone would be a multimillionaire and no one would lose all or a portion of their capital. It is helpful to remember that almost every time someone makes a dollar trading the market, someone else loses that same dollar. Therefore, it is not unusual for developing scenarios …

Breaking Through Resistance or Backing Up To The Creek?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 03-07-2014 On Monday, the Wyckoff Wave reacted and slightly penetrated the support at the bottom of the short term trading range. This is marked as point V on the attached chart. This was a #3 Spring. #3 Springs do not need to be tested. On Tuesday the Wyckoff Wave rallied off the spring and broke through the resistance at the top of the trading range. This was a Sign …

Trading Range or Last Point of Support? The Wyckoff Tools May Offer Clues

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-21-2014 This week the Wyckoff Wave reached, and slightly penetrated, the resistance at the bottom of the sideways movement that began just before Christmas. It also reached the supply line of its long term up trend channel. This is a normal place to encounter resistance and the Wyckoff Wave did just that. Instead of simply reacting, the Wyckoff Wave moved sideways and closed in the middle of a narrower …

Up or Down?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 02-14-2014 This past week the Wyckoff Wave after rallying off point T on the weekly chart, continued its nice move to the upside. It ended the week testing the supply line of the long term up trend channel. As you can see on the attached weekly chart, the price spread was slightly lower than the prior week and volume was decreased. This suggests a lack of demand. This, along …

Did We See A Last Point Of Support?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 12-06-2013 This past week the stock market, as measured by the Wyckoff Wave continued its reaction back towards the top of the trading range. The top is marked by a support/resistance lime drawn from point J through points U and A. This was a resistance line that marked the top of the trading range. It is now a support line as the Wyckoff Wave reacts and tests the top …