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Market Commentary

More Market Commentary

Rising Wages Are Good, Right?

Yesterday, I wrote the line below to help articulate why the market trend will resume its upward position sooner rather than later.

  • U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job.

The sentence reflects a sentiment, a feeling that things will get better. As it turns out, there is statistical data that specifically pinpoints the reason US consumer are feeling bette...

Apr 16, 2014
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#1 Key To Successful Trading

Discipline according to Wikipedia is the assertion of willpower over more base desires, and is usually understood to be synonymous with self-control. 

In working with hundreds of traders over the years I see this quality as the major key to being a successful trader.  99.99% of all traders will take a top notch setup and see a big profit added to their balance. 

A LION STALKING ITS PREY

The hard part is being disciplined when you don’t see a good set-up and you settle for a low grade set-up t...

Apr 16, 2014
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Gold Slumps Amid China News: What's Next?

Chinese firms may have locked up as much as 1,000 tonnes of gold in financing deals, a report from the World Gold Council said this past Monday evening. This indicates that a big slice of imports had been used to raise funds due to China's tight credit conditions rather than to meet consumer demand.

The financing-related buying in the world's top gold consumer means prices could come under pressure if imports are hit by a broader crackdown on using commodities for finance. The result in the g...

Apr 16, 2014
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How long can the Bulls keep control this time?

The S&P 500 Composite Index absolute price opened higher and rose further to a peak at 9:50 am ET on Tuesday. Prices reversed and tested Monday's low at 1:02 pm ET. A bounce in the final 3 hours lifted the SPX above the morning high of the day. SPX closed above the open and above the midpoint of the day's high-low range. The Hammer Candlestick suggests that the Bulls took control--but for how long? The Bulls have been unable to make much progress this year.

NYSE total volume rose 12% to a l...

Apr 16, 2014
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June E-Mini S&P Futures: Trading Idea April 16, 2014

June e-mini S&P futures a selling opportunity on more price weakness.

 

See on the daily bar chart for the June e-mini S&P futures that prices have backed well down from the recent record high and the bears still have some downside near-term technical momentum. A fledgling downtrend line is in place on the daily bar chart. A move below chart support at 1,830.00 would give the bears some fresh downside momentum and it would also become a selling opportunity in the e-mini S&P futures. The downs...

Apr 16, 2014
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Featured Stories

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Weibo’s (WB) IPO Faces Wobbly Market, Skepticism

Weibo , commonly referred to as “China’s Twitter,” is expected to price its 20 million share IPO the evening of April 16, within a range of $17-$19.

Before its financials and fundamentals are even scrutinized, this Goldman Sachs/Credit Suisse led deal is facing an uphill battle.  As the stock market – growth and momentum names in particular – have fallen out of favor, so to have IPOs.

Making matters worse, shares of Twitter have been clobbered since reaching post-IPO highs on December 26, 201...

Apr 16, 2014
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Trading And Spouse Relationships


How trading affects our relationships and relationships affect trading

In the past couple of months, I have received several e-mails from traders who were in emotional stress. With only minor corrections, the market moved up relentlessly for a year. This has been a difficult environment for traders, as a majority tends to fade market momentum, looking for volatility. I also received two e-mails from trader spouses—pouring out their hearts, as the emotional stress was effecting their relations...

Apr 15, 2014
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Overcome Fear In Your Trading

Why is it so important to be able to trade without fear?

The reason is that the emotion of fear clouds your judgement and makes it hard if not impossible to stick to your trading plan. 

For example, the  trader plans to enter a trade when it pulls back to a certain pre-defined level,  he waits patiently for the pull-back and when price pulls back it does so with a large candle and high momentum.  At that moment his fearful brain kicks in and starts rationalizing that this particular trade w...

Apr 14, 2014
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SPX: Party Like It's 2000? Let's Hope Not

Goldman Sachs has been circulating a document repeating a question it is hearing more and more frequently from its clients these days: is the current market repeating the pattern that developed in March, 2000?

March of 2000, as everyone who was active in the market then remembers with some pain, was the month the tech bubble popped, and took the entire stock market down with it.

Then, as now, a handful of high-momentum stocks – an updated version of the `Nifty 50` of the last Millennium – wer...

Apr 14, 2014
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10 Commandments For Trading With The Trend

The principles that successful trend traders use to make money in the markets is difficult for the average investor or trader to understand.

Readers unfamiliar with systematic trend trading have a hard time grasping the concept of trading for profitability without trying to predict where price will go next. Most successful trend traders have preset planned entries that are triggered by a reaction to a new high or low price being hit. They use quantifiable price levels and indicators like movi...

Apr 10, 2014
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