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Market Commentary

More Market Commentary

Yup, This Is Full Panic Mode, But …

Yesterday, and as of late, the market has been bent on selling, no matter what the reality is. Panic selling is in vogue. It is never pretty to watch, but, in the end, it can be helpful to a longer term up trend. Let the air out of the selling bag, so to speak, and when the bag is deflated, the buyers will come in to inflate it. If the panic selling makes you nervous, just say “guzfraba” over and over again quietly to yourself. And FGS, turn the dang news off!

Yesterday, I had a phone call fr...

Oct 2, 2014
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E-Mini Play: Is October Really Crash Month?

At the beginning of September we saw the E-mini S&P 500 open at 1999. The index then posted a new contract high of 2014.50 mid-month, followed by a steady decline. We did not see a large pull back on any kind but the December contract closed the month at 1960.75, down nearly 2%.

The downward trend has continued, giving October one of the worst starts that we have ever seen. When you mention October and markets to many people think “crash.” Some of the worst days in market history have occurre...

Oct 2, 2014
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Coca-Cola Has Been Unfazed By The Recent Market Weakness

Shares of Coca-Cola are up 5.82% year to date and now starting to break out above the three month resistance level at $42.25. This breakout above the ascending triangle sets up the market  for a minimum measured move to $45.75 in the coming months . This move is also significant since it is happening on increasing volume over the last two trading days and in the face of recent market volatility.

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Coca-Cola trades at a P/E ratio of 19.34x with 6.3% EPS growth , price to sales ratio of 4.05x,...

Oct 2, 2014
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U.S. Ebola Case Triggers Rally In Tekmira

Hi, friends in the stock market world and Internet city! I am writing this from Indianapolis, Indiana right now, visiting a good friend of mine. We chatted stocks today, just had dinner with his family, and began to write for you fine folks! There was so much buzz about Tekmira today, I couldn’t resist the urge to do what I do well: cut through the noise, clutter, and news, and look at the sentiment of the chart, review the candles and try to interpret the story of the buyers and sellers.

Wha...

Oct 2, 2014
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Emerging Markets Losing Strength

iShares MSCI BRIC Fund Relative Strength Ratio broke down below its lows of the previous 6 months on 10/1/14.

Emerging Markets Stocks ETF Relative Strength Ratio broke down below its lows of the previous 6 months on 10/1/14.

Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio fell below its lows of the previous 17 months on 10/1/14 and remains systematically bearish.

The S&P 500 Composite Index absolute price opened lower and worked downward most of the day. SPX closed ...

Oct 2, 2014
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Featured Stories

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Trading Tactics: The Fibonacci Myth

Fibonacci numbers or sequences have been written about extensively in mathematical literature.  They occur in the sum of shadow diagonals in Pascal’s Triangle and have unique divisibility properties.  In nature, these numbers describe the arrangement of leaves on a tree stem, the flowering of an artichoke and the arrangement of a pine cone.  This amounts to nothing more than defining symmetrical patterns of a few natural curiosities.

Let's Compare

This stands in stark distinction to such nota...

Oct 1, 2014
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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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