Tag Archives: Price Action Lab scan

Price Action Lab Alert for Thursday, May 3, 2012

This alert is about a signal generated by a scan of all Dow-30 stocks. Share

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Price Action Lab Alert for Monday, March 26, 2012

This alert is about signals in DJ30 stocks. Share

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Can We Know if the Market Will Rise or Fall on a Given Day one Day in Advance?

Long term investors and trend followers do not care to know if the market will rise or fall on a given day, one day in advance. A lot of traders do, including intraday, short-term, position, swing and even some option traders. … Continue reading

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A Rare Island Cluster Pattern in SPY

Last Monday I reported the formation of an  inside day downside breakout pattern in SPY and I showed how that was a bullish signal based on price action analysis. Despite the drop that followed, a long position at the open of last Tuesday has generated a profit of … Continue reading

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Outside Day Upside Breakout in QQQ

After a rare formation of two consecutive outside days, an upside breakout followed in QQQ. The resulting outside day upside breakout pattern has been historically a short signal for profit targets in the 3% range but with a low winning bias. Share

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Stock Scanning Using the p-Indicator

The p-Indicator allows a quantitative approach to scanning stocks for short-term high probability setups. Here I provide an example of how this particular indicator can be used to scan the DOW-30 stocks on a daily basis.  Share

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A Very Rare Pattern in SPY

The last four trading days have resulted in a very rare pattern in SPY. This pattern is not rare only in the history of this ETF but it is rare across the board. It consists of a gap followed by an inside day and … Continue reading

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Pattern of a Gap Followed by an Inside Day in SPY Has a Negative Directional Bias

The latest 3-bar pattern in SPY involves a gap followed by an inside day and it has a negative directional bias. Specifically, this pattern has formed 32 times since the launch of SPY and has win rate 62.50% and profit factor 1.73 for short positions with … Continue reading

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