Market CommentaryMore Market Commentary
Today is the Monday that begins the last week of 2014. Chances are, most folks who work the market are already checking out, but that does not mean we will not see activity. The last few days could mean profit taking or buying. So far today, it is the latter that seems to be the choice. The market is working hard to go higher, much higher.
Yet and still, the argument remains as to the validity of the current and longer-term state of the market.
- As of today, the S&P 500's trailing P/E is 18.1....
March U.S. T-bond Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for March U.S. Treasury bonds that prices have backed well down from last week’s contract high as the bulls have faded. See, too, at the bottom of the chart that the Moving Average Convergence Divergence indicator is poised to produce a bearish line crossover signal. See in recent months how well this indicator has worked at forecasting price trend changes. A move in prices below chart support ...Read More
DXY gained 1.69% last week to close at 89.84. That move printed an engulfing, bullish candlestick on the weekly chart. As long as DXY remains above 88.68 I remain bullish.
However, a four-year cycle top is due now. The next short-term cycle high is expected during the first week of February.
A 3-wave move off the 2011 low and my own price forecasting model converge on a price target of 91.00. The breakout from the nine-year bottoming formation forecasts an ultimate move to 103. Thee recent ...Read More
U.S. dollar ETF absolute price rose to its highest closing price level in more than 4 years on 12/19/14, reconfirming its preexisting major uptrend.
U.S. dollar index futures continuation contract absolute price rose to its highest price level in more than 8 years on 12/19/14.
The S&P 500 Composite Index gapped higher again on Friday and rose further in the afternoon to close above the closing prices of the previous 9 trading days. U.S. stocks have become unusually volatile over the past 2 ...
I talk about many different money-making strategies regularly, and among this is selling option premium. This is one of the best and simplest ways to earn income, it can also allow you to get into a stock position at a lower price. Next week offers a particularly good chance to get some positions working, as there are only 3 1/2 days of market action . This is very similar to the market schedule during Thanksgiving week. In fact, this is the third instance this year where there have been ...Read More
Featured StoriesMore Featured Stories
Over the last 12 months, Macau casino-gaming stocks have declined by 35% to 65% as gross gaming revenues declined by 30%. We believe Macau’s GGR decline this year was a result of a “perfect storm” that includes tightening junket liquidity, hotel room constraints, the Chinese government’s anti-graft movement, and the rise in cancellations of Hong Kong/Macau packaged tours due to the “Occupy Central” protests in Hong Kong .
We believe these factors are transitory. Thus, the recent weakness in ...Read More
If your vendor supports using Microsoft’s RTD syntaxand provides the ability to call market data by a date from the platform into Excel, then you can build a valuable market-performance table.
Traditional charting for reviewing past market-action can be somewhat tedious when looking to see how a particular stock or futures contract has performed during previous periods. For example, maybe you would like to see how Apple has performed during the month of December for the past ten years. Or pe...Read More
The holiday season is here. It’s time for celebrating and good cheer. It’s also a time of heightened stress. For many traders, who already feel lots of stress, the holidays can feel doubly difficult.
Trading and Holiday Stress
We all know trading stress. Recent losses and drawdowns can bring on stress. So can managing a position, especially if it backs up on you. Even profitable positions can be stressful. We don’t normally think about profitable trades as stressful, but I have seen m...Read More
Most traders are unaware there are three types of oscillators used for stock analysis. These are based on three different data streams –
- Price Oscillators that use price and time data,
- Volume Oscillators that use quantity and time,
- Hybrid Oscillators that use price, quantity, and time.
There are innumerable price and time indicators and many are oscillators, but one stands out from all the rest – Relative Strength Index . It is not the most popular, but it is the best price oscillator for sho...Read More
Trading fears are not the sole domain of new traders, actually far from it. Much misunderstood, fear can hit at any time. The real issue about trading fears has to do with bumping up against your thresholds, which can happen at any time.
Growth and Development, Evolutionary Universal Laws
You are growing and changing all the time, for the most part not noticing that it is happening. However, when an evolutionary impulse hits, and you are standing in the way, like most people are, it can get ...Read More