Day Trading Radio Blog Alert - Market Radar for April 11th 2014 2 Arrows up day

Published: Tue, 04/15/14

 
 

2014-04-15 18:13:03-04
Market Radar for April 11th 2014 2 Arrows up day

   An impressive rally at the end of the day just shows that in  face of what was thought to be a major event escalating in to a more major event the market seems to not think so, but maybe put more weight in the developments coming out of Japan and China. China releases it's growth data tomorrow and there is speculation that expectations for large-scale stimulus may not be in place and there could be smaller measures instead.. How will the market react to this? In any case these events continue to hang over the market like a ominous anvil shaped Cumulonimbus. Now if we had a less volatile environment I would consider a 3 up arrow day for tomorrow, but because of these risks I will put at a 2 Green arrow up day. The daily Stochastics are perfect and the 60 just crossed back higher, plus the overall pattern is for right now setting up like a text book continuation flag in a larger uptrend. 

 




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