*** In the making, let me know if you would like to help/ contribute to the theme of this board **
The goal of this board is to help stack the odd's in your favor of having profitable trades! Which way is the market trading? Good question,Here are some indicators that are very helpful when deciding what the odd's of the trade going your way! GLTA!
First off Look at the Major Averages:
NASDAQ S&P 500
Then there is the BPI, which is the Bullish Percent Indicator. If you dont know about it, here is some info:
*Look for BPI chart Buy and Sell signals!
BPI for DJIA BPI for S&P 500
BPI for Nasdaq 100
There is the Avanace/Decline Ratios:
NYSE A/D: Nasdaq A/D:
Another thing to look at is the McClean Oscilaitor: (if you dont know about this click here... http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:introduction_to_mark#mcclellan_oscillator