6 posts tagged TeleChart

This is nowhere near to being a complete picture of the market's breadth situation, but I finally got around to setting up a template for my Blocks Trader (which is the 3.0 version that just came out of BETA and into full-release) which I use in conjunction with my TeleChart platform.

Worden, the creators of the Telechart market tracking software, are introducing a new product in March called Worden Blocks Trader 3.0. read more

After many people called a temporary bottom on Wednesday following a reversal day on all indexes, the markets now look like this bounce could very well be a two-day event – not very impressive. I also felt that Wednesday could have been a short-term bottom, but looking back, I realize that there were not enough signs for it to be a true, short-term, tradeable bottom.

Not a good day if you are in the camp that this market just has to bounce, as all indexes started with a gap down and sank lower throughout the rest of the day. The Dow, Nasdaq, and Russell 2000 were all down close to 2%, while the S&P 500 was down a little less at 1.36%, due to some strength in the financials due to the Bank of America/Countrywide news.

The markets continued their bounce from yesterday, but not without some volatility and rough patches intraday. After gapping down to start the day, they steadily climbed to the break-even point before rallying after comments from Fed chief Ben Bernanke were released around 12:15.

Looks like we finally got that bounce today as the markets, approaching the lows from August, finally put up a stand and reversed in a bullish manner, finishing with pretty strong gains across the board. All markets were up over a percent and it looks like volume will come in higher today as well.