All posts by Kurt Capra

Why SPY Could Hit New All-Time Highs

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The following is an excerpt from the most recent edition of our Off the Charts newsletter: It was tough to see this one coming. After reversing to finish on the lows Wednesday, SPY gapped up Thursday morning. And following a small, quick pullback, it took off running higher straight through into the afternoon. It reclaimed the […]

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A Closer Look At Micron

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Below is an excerpt from the Off the Charts Newsletter: Micron Tech (MU) MU is a new name on watch for a long. MU is actually a stock that was on the OTC watchlist in January as a long candidate and similar to the current set up, it was coming off a great earnings report. […]

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Why Gold Is Finally Ready To Breakout

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The following is a trade recommendation from the Off the Charts Newsletter: GLD is a new name on watch for a long. GLD had a strong reversal following the mid-March rate hike along with TLT, running up into the 120 level and the 200day sma (120.10) where it hit some resistance similar to late February. […]

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Essential Basics of Trading Gaps

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A “gap” is a term used to describe the condition when a stock opens at a higher or lower price than where it closed the prior day. There may be a “gap” that is left in the daily chart between the prior day’s closing price and the current day’s opening price when the stock gaps […]

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Off the Charts: Under Armour Analysis

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The following is an excerpt from the Off the Charts Newsletter: UAA is setting up well and nearing the entrance range.  UAA has bumped up into the 20 level the last 3 days and hasn’t been able to make a push through it. It has held above the 20day sma nicely over the same time […]

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Indicators vs. Price Data

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I have an announcement to make… I’m happy to report that the never-ending search for that perfect indicator is alive and well. It has never ceased to amaze me how people can take epic journeys towards attaining such mythical tools. They spend countless hours and money in the pursuit of that perfect tool that will […]

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How Long Will It Take to Actually Get Good At Trading?

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“How long will it take for me to become a profitable trader?” Boy, if I had a dime for each time I was asked this question, I would have one large collection of dimes. But I think I’ve done my work well. The majority of people who have sat in on my workshops and listened […]

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Technical Breakdown: LULU

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From yesterday’s edition of the Off the Charts newsletter: There was good news and bad news on LULU tyesterday. The bad news is that the market weakness dragged LULU lower but it held the 100day sma well on the first test. The good news is that the bounce off of the 100day sma was lackluster […]

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Chart Analysis: SPX

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We have mixed markets to start the week. Europe is up a little and Asia had decent strength. The SPX futures are down 1. Last week we put a low in at 2354 right at the 21 day. Now we will see if that was the correction or do we take that out later this […]

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How to Survive a Trading Losing Streak

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Every trader at some point in his career will face one or several “losing streaks”. This is a fact of this business, and whoever tells you this isn’t so has not traded very long or at all. Losing streaks can be produced by the faulty use of a tactic, inefficient analysis of market direction and […]

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