(RTTNews) - EchoStar Corp. (SATS) is picking up volume and climbing sharply. Currently, the stock is challenging resistance, trading at $31.97 up $0.43 from Monday's close.

(RTTNews) - SEI Investments Co. (SEIC) is picking up volume and challenging support, trading at $22.68 down $0.66 from Monday's close.

By Ed Ponsi, a globally recognized lecturer and teacher and the former chief trading instructor for Forex Capital Markets*
Posted: August 15, 2008

In an effort to continue better understanding the problems confronting the U.S. dollar and how they affect the wealth, savings and future of U.S. citizens, let's pick up our discussion from Part I of this article from where we left off. It is vitally important that we understand the nature of the problem in order to understand the possible solutions. With that goal in mind, let’s examine the U.S. Dollar Index (USDX) in greater detail.

By Ed Ponsi, a globally recognized lecturer and teacher and the former chief trading instructor for Forex Capital Markets*
Posted: August 8, 2008

You are an American. You work hard, and you save your money. Your investment portfolio is in good shape, and your house is still worth more than you paid for it. Your net worth is greater than it has ever been. Yet, somehow, you don't feel as wealthy as you imagined you would at this stage. The money you have doesn't seem to go as far as it should. It's almost as if someone or something is draining your wealth while you sleep at night.

By Alan Farley, editor and publisher of Hard Right Edge*

Candlestick charting found its way to the western world in the 1990s. Since then, it's become more popular than simple line or bar charts. But, traders still misinterpret these marvels of technical analysis in spite of their wide usage. The problem lies in the failure to interpret candlestick patterns within the context of other price action.

The candlestick's real body shows layers of movement within a single time period, highlighted by the relationship between the open and close of the price bar. The real body gets one color when the open finishes above the close and a different color when the close finishes above the open.

By Gary Panice

I trade S&P E-minis, and, when I'm doing well, the markets talk to me. I'm here today to draw your attention to the story that volume tells in short-term trading. As a day trader, I spend a large portion of my time looking for trend reversals. Nothing screams trend reversal like climax buying or selling volume. Volume moves price. Stochastics and MACDs hold a prominent place in my analysis, but volume is clearly "the man".

A volume surge may be the red flag that an extended move could be ending and setting up for a reversal. A volume surge is most likely what is necessary to move price out of a trading range and into the next tradable trend.

Reviewed by Ed Dobson, President, Traders Press, Inc.

Investors looking for a long-term trading plan, look no further. “Trader Doc”, author of ADXcellence, has done it again. In his latest book, he provides an unambiguous, well defined and precise approach that seems to make a lot of sense. Written in a straightforward, no-nonsense style, this book is, in my opinion, indispensable reading for any investor…rookie or veteran.

Reviewed by Ed Dobson, President, Traders Press, Inc.


I find few things more gratifying than reading a book that is intelligently written and imparts practical knowledge on the difficult task of extracting profits from the marketplace. Perry Kaufman's Smarter Trading rates high on the short list of books that I would place in this category. Two books, which I have previously reviewed and which shall remain nameless, struck me as very intelligently written, yet they taught me nothing that I felt would prove to be practical for use in trading Euros or soybeans next week. Two others, Gallacher's Winner Take All (now, unfortunately, out of print) and Elder’s Trading for a Living, stand out as two of my own favorites and are among my standard recommendations to new traders.