Clive Corcoran is the publisher of Trade With Form. Based in London, he is a trading system developer and has been an active trader for many years on both sides of the Atlantic. He is also the Director of Research & Development of Morphology Management Inc, a company which offers decision support systems and risk management advice to asset managers and hedge funds. He is a featured speaker at trading seminars and workshops, and is currently working on a book about the benefits of trading with long/short strategies, which is scheduled for publication later this year. He can be contacted at clive.corcoran@tradewithform.com.
Corcoran Technical Trading Patterns For June 26
XBI, a biotech fund, peeked above its 200-day EMA yesterday and could be on the verge of a breakaway from a cup and handle formation, but this interpretation has to be tempered by very light volume.
Corcoran Technical Trading Patterns For June 25
XLF, one of several exchange traded funds which track the financial services sector, has drifted sideways since mid-May on declining volume, which is hardly supportive of the thesis that accumulation is taking place.
Corcoran Technical Trading Patterns For June 23
Clive Corcoran would not be surprised to see the S&P 500 drop to a retest of the 875 level where support could be found from fund managers looking to put some beaten up stocks in their portfolios for the end of quarter.
Corcoran Technical Trading Patterns For June 22
Clive Corcoran writes that the S&P 500 is looking less sure of itself than it has for some time and suggests that monitoring the VIX levels in coming sessions could provide some useful clues as to near-term direction.
Corcoran Technical Trading Patterns For June 17
The most obvious conclusion to be drawn from the patterns on today's charts is that the sideways drift since mid May, and the declining volume during the rolling top phase, now appears to be giving way as sellers are stepping up to the plate.
Corcoran Technical Trading Patterns For June 16
The chart for SLV, which is the exchange traded fund for silver, shows the sharp losses since the recent high in early June, but Clive Corcoran would expect silver and gold to be worthy of attention when those hedge funds specializing in the commodity re-inflation scenario decide to move aggressively again.
Paul Taglia is Larry Connors' head trader. Paul was a Market Maker for a Wall Street firm, accumulating over $4,000,000 in trading profits. He was also the firm's top money producer in listed stocks for that period of time, before joining Larry Connors.
Clive Corcoran is the publisher of 