Tuesday, November 9, 2010

Flat Trading

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The indexes continue to be flat. The US Dollar at the opening was down, respectfully indexes were up. Yet, the US Dollar almost recovered, while Nasdaq 100 is still trying to pus up. DJI and S&P indexes quite flat.

The advances and declines continue to move toward negative area. Because of the flat trading, money flow and volume indicators are flat as well. By the same reason, price based indicators are turning into bearish slowly (price trend lost its momentum).

There are no big economic reports today and we may see another quiet day. I'll be on the 30-minute and hourly charts. In addition I'll be watching US Dollar. Last two trading sessions it was up and there is chance it will be up or at least flat today as well.


Anonymous said...

Thanx for Your post again!

What price indicators do You use if I may ask?

Thank You in advance!

TraderJoe said...

RSI, MACD, Stochastics on hourly charts. Plus some volatility indicators - ATR on hourly chart and Bollinger Bandwidth on lower time-frames.