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Market Commentary

More Market Commentary

Up and Down and Still We Go

A wider range, yup, that is what I wrote last week. The only thing that has happened since the market hit more record highs recently and then unceremoniously dumped last week is that it will now trade in a wider range .

And so it goes, the volatile market is going down today after it went up on Friday. What is more interesting, though, is the big fall the major indices took right out of the gate this morning. It’s as if the market just got some bad news, some really bad news. Actually, it is ...

Sep 29, 2014
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December Euro Currency Futures: Trading Idea September 29, 2014

December Euro Currency Futures Another Selling Opportunity on More Price Weakness

See on the daily bar chart for December Euro currency futures that prices remain in a strong downtrend and last week hit a contract and 14-month low. The bears continue to have the solid overall near-term technical advantage. History shows that trends in currency markets tend to be stronger and longer-lasting those those in other market sectors. A move in the December Euro currency below chart support at this M...

Sep 29, 2014
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Apple (AAPL) iPhone 6 Is Here: Key Levels For Traders

The iPhone 6 is here!  That’s great for Apple device users but what about AAPL traders?  Here are the important trading levels for AAPL stock.

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The trend in AAPL is pointed higher in the daily and weekly time frames, which gives the larger bias clearly to the bulls.  With this as a starting point, dips to support can be viewed as buying opportunities.  Nearby support is 93.28 - 96.15.  The top of this zone of support was tested and held in September.  The lower boundary of the ascending trend...

Sep 29, 2014
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US Dollar Breakout: End To Stock Bull, Renewed Commodity Bear

It seems nothing can stop the U.S. dollar. Since its low in April it has closed higher in four out of five months and is up almost 8.00% since then.  While a run like that is in need of a rest there are some big issues that need to be considered now.

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DXY broke out of a six-year triangle this month. Breaking to the upside from a triangle is bullish. That triangle is essentially a six-year base and should give DXY some serious “legs” for the future.

As the world’s most important commodities ar...

Sep 29, 2014
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SPX: They Won't Ring A Bell At The Top


My sense is that a great many speculators are simultaneously imagining some clear exit signal, or the ability to act on some “tight stop” ... History teaches that the market doesn’t offer executable opportunities for an entire speculative crowd to exit with paper profits intact. Hence what we call the Exit Rule for Bubbles: you only get out if you panic before everyone else does.
--John Hussman,
Noted Financial Guru and long-term Bear

Years ago, in an earlier millennium, a pre-historic precurs...

Sep 29, 2014
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Featured Stories

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How To Take Advantage Of High Frequency Trader Price Action

Recognizing the High Frequency Trader HFT footprint on a stock chart, presents ways for individual traders to use the candlestick patterns created to their advantage. HFT orders are algorithms which are computer programs that are automated, and occur at speeds on the millisecond scale. Therefore traders will find their orders have been front run by the HFTs, if they try to enter after an HFT order triggers.

The HFT footprint is unique on a stock chart, and there is no other technical candlesti...

Sep 29, 2014
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Women On Wall Street

A Discussion about Optimizing Career Development on Wall Street
Hosted By NYSSA with collaboration from the MTA’s Women in Technical Analysis Group.



Billed as a discussion about challenges faced by women on Wall Street, the Career Chat at NYSSA on September 3, 2014, was a well attended event which focused on keys to help women on Wall Street propel their careers forward.  The speakers at the event were the charismatic and energetic Carla Harris of Morgan Stanley and the insightful Linda Descano...

Sep 25, 2014
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The Euro Will Reach Parity With The U.S. Dollar In 2-3 Years: Stay Short

In the last six months, the Euro declined by 5% against the U.S. dollar as it became apparent that the European Central Bank has fallen far behind the U.S. Federal Reserve in its interest rate policymaking cycle.

While the Fed is set to end its “quantitative easing” policy of asset purchases this year and to raise interest rates by next year , the ECB is just beginning to formulate a quantitative easing policy of its own. There is also no indication that the ECB will raise its main refinanc...

Sep 24, 2014
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America's Role In the Middle East: Friends and Foes

The Professional Traders Opinion
Who’s on First?

Oddly enough, an ascribed Arabic proverb, dating to the 4th century BC, suggests “the enemy of my enemy is my friend.”   

There is now a 21st century edited version of that proverb; once again emanating from the land of Arabia but this time will need Aristotle to discern the logic; it goes something like this: “the enemy of my enemy is only my friend until my enemy is overthrown by America, a new government is transitioned and then my enemy of my...

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A Guide To Alibaba’s (BABA) Record-Setting IPO

Over the past month, the IPO market hasn’t provided traders and investors with many compelling opportunities as activity has dried up. With Chinese e-commerce giant Alibaba lined up to go public on September 19, the IPO market will soon come to life in dramatic fashion.

Demand has been so strong that its expected price range has been bumped higher to $66-$68 from the original expectation of $60-$66.  With BABA offering 320.1 million ADS, its projected proceeds of over $24.6 billion put it o...

Sep 17, 2014
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