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Market Commentary

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Aghast! Greenspan Is Critical Of QE Policy?

There was an article yesterday with comments by former Fed Chair Alan Greenspan as he came out criticizing recent QE policy decisions by the Fed.  I suspect if he had been there to see the potential damage with the others in 2008/09 then he might think differently.  But his notion was that the policy implemented did not improve the economy whatsoever.  This statement is hard to swallow as the proof is there, yet the highly accommodative policy was always about lifting confidence in a crisis. ...

Oct 31, 2014
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Brazilian Stocks, A Turn Around Play?

Maybe Dilma is not that bad.  Ok, that last comment is ridiculous. Dilma Rousseff, Brazil’s reelected president is horrible, one of the worst national leaders in the Americas, in fact.  She has micromanaged the Brazilian economy and killed the country’s growth in the process.  She has also eroded the independence of the central bank and stoked high inflation in the process.  The worst of it is she has scared much-needed capital, both foreign and domestic, out of Brazil.  But there comes a poi...

Oct 31, 2014
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Go Ahead, Just Ignore My Advice

I just have to say, getting ignored affects my sense of worth, my confidence, and it marginalizes me in my profession. Why is the market ignoring my advice? Why is it gobbling up points as if there were no tomorrow? Doesn’t it appreciate the work I do to come up with the advice?

So, here we are at new record highs intraday for the S&P 500. It surely did not take long to get back here, once the market decided it wanted to move up.

  • U.S. stocks jumped, with benchmark indexes rising to all-time h...
Oct 31, 2014
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March ICE Cocoa Futures: Trading Idea October 31, 2014

March ICE Cocoa Futures a Selling Opportunity on More Price Weakness

See on the daily bar chart for March cocoa futures that prices are in a downtrend and have just hit a six-month low. The bears are in firm technical control. A move in prices below solid technical support at $2,889 would become a selling opportunity. The downside price objective would be $2,650 or below. Technical resistance, for which to place a protective buy stop just above, is located at $3,000.

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Oct 31, 2014
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Higher Highs for Health Care

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio fell below its lows of the previous 8 years on 10/30/14, thereby reconfirming its preexisting downtrend. Absolute price of GDX fell below its lows of the previous 5 years on 10/30/14.

Silver, iShares Silver Trust ETF absolute price fell below its lows of the previous 4 years on 10/30/14, thereby reconfirming its preexisting downtrend.

Silver/Gold ETFs Ratio fell below its lows of the previous 5 years on 10/30/14, thereby reco...

Oct 31, 2014
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Featured Stories

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10 Things Every Trader Should Know Before Making a Trade

Many new traders entering the trading game can’t get the right answers because they aren’t asking themselves the right questions. Much of the success traders experience is attributable to how well they know themselves. This insight for you will come from the quality of the questions you ask, and how honest you are willing to be with yourself. Only after you honestly answer the following 10 questions, will you have enough self-awareness to be successful.  

  1. What markets will you trade? Futures,...
Oct 29, 2014
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Psychology: How To Stop Trading Hesitation

Procrastination, and in particular trading hesitation, over your trade set-ups is very frustrating and detrimental to the health of your trading account and your emotional and physical well being. Whenever we observe behavior patterns that prevent us from trading profitably value conflicts born out of incorrect assumptions about your reality are always at the root of the issue.

In a world that is changing in all areas faster than is comfortable for the conditioned limited mind, hesitation is ...

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Trading: Communication Is The Key To Lowering Your Taxes

How many times have we been told that communication is the key to a good marriage or a good friendship? In the business world, we are told that communication is the key to success. I am a big believer in the power of open communication. It’s one of the main reasons that Guardian Accounting Group has a flat fee structure. We never want our clients to be afraid of talking to us about a tax situation because of an hourly fee. Clients are encouraged to call us with all their tax questions and con...

Oct 16, 2014
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Market Profile®: 3 Important Ways It Can Improve Your Trading

You can look at markets and make trading decisions in many ways. Market Profile® has been an indispensable tool in my trading career. While Market Profile is a lifelong study, three characteristics I use to increase the probabilities of making successful trades are areas of acceptance and rejection, trade location, and context.

Areas of Acceptance and Rejection

The most useful characteristic of Market Profile is how it paints the picture of acceptance and rejection of price over time. It show...

Oct 15, 2014
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The Case For Gold: “The Good Old Days”

In a recent interview, Rick Rule of Sprott Asset Management made a strong case that this bear market may be looked back on as “the good old days” in terms of the golden opportunity to invest in the precious metals sector.

Rule said there has been “carnage” in the precious metals markets over the past three weeks, adding to “slow motion” carnage since 2012. He said it is “Difficult for people to see benefit in this type of carnage.” However, he argued, “Three or four years from now, we’ll look...

Oct 13, 2014
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