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Market Commentary

More Market Commentary
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Bad Habits

Based on a simple trend following method I recently outlined for Trader Planet readers using the monthly chart of the S&P 500 , U.S. equities have entered a confirmed bear market. The problem isn’t just that. Most bourses worldwide are already down more than 20% from their peaks. Not just mendacious China, but Germany, France, Japan, the U.K., plus the Russell 2000, the bank index, the transports, etc.

Bear markets offer plenty of volatility, but most traders have difficulty taking advantage ...

Feb 11, 2016
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Three Action Steps to Take During Market Panic

With all the fear in the markets as of late, how has your portfolio fared in relation to the overall market? And should you be concerned?

Recently I’ve asked this question myself for my own portfolio, especially the longer term holdings which has seen its’ fair share of market volatility.

Although it is never a good feeling to see your portfolio drop in value, even if it is line with negative market performance and not any worse, the following are three questions and action steps which you as...

Feb 11, 2016
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What Does Yellen's Speech Mean for Stocks Now?

It’s the second first full week of February and the roller coaster ride continues. The volatility in the equity markets has also shown up in the U.S. Dollar Index and FX markets. The Chinese markets may be sleeping during their New Year’s celebrations, but the rest of the world markets are alive and kicking.

On Wednesday Chair Yellen gave her semi-annual monetary report in front of the House Financial Services Committee. While many observers feel that any Fed action in March is off the table,...

Feb 11, 2016
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On Longer-Term Charts, Consider Buying Dips In Gold

Persistent weakness in precious metals has thrown a lot of traders off the trades since 2012. We admit that the pattern has been challenging to count, even though we have written about several good trade entries. This post gives a big-picture update to our Elliot wave analysis for gold futures, and it shows why longer-range traders should be looking for opportunities to buy at the dips.

Prior to this writing, we had considered that the multi-year decline in gold represented merely the first p...

Feb 11, 2016
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Traders Brace Yourself: The S&P 500 Is Ready To Crack

The S&P 500 is threatening a breach of the high-volume support zone first tested in October of last year at 1820 – 1880. 

This zone remains support however the re-visit of this zone is a bearish development with the odds of an eventual breach most likely. 

A breach of support would open the door for an accelerating decline.  The next lower target / support is at 1625 – 1704.  In such a scenario, this lower support zone is likely to be an advantageous buying opportunity.

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If you’d like to lea...

Feb 10, 2016
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Featured Stories

More Featured Stories
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Day Trading Support System

What can I say guys, we all need a little help, a little support.  Day trading is a challenging business to say the least and some days we need all the help we can get.  Those losing days can be tough and sometimes we need to seek council from someone we trust, but we need to be careful where we look for support because negative feedback can be devastating if we listen to the wrong people.

Many day traders seek support from friends and family, although SOMETIMES the ones closest to us can sup...

Feb 8, 2016
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Using ETF Fund Flows to play Defense

We are now in February and the major US Indices can now be considered in bear markets.  So, how should one position themselves for a rocky 2016?  Let’s examine where the institutional money is flowing.  Evaluating ETF fund flows daily identifies trends and major market shifts; weekly and monthly evaluations will reveal general trends.  Why?  Funds and RIAs are now using ETFs as an asset allocation model; therefore, watching these day to day movements can provide clues regarding how funds are...

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Will Oil Prices Rise or Fall? | A 27 Year History on the Charts Tells the Story

Bloomberg says oil  will go as low as $10.00 a barrel whereas oil tycoon T. Boone Pickens says we could be headed for higher oil prices; no matter how you slice it, both of these sources could be right.   The market is going to do what the market is going to do, but there are solid reasons for oil prices to rise and fall, the past 3 decades has shown us this without a doubt.  There’s been a lot of talk from news sources and in the media that oil may be headed for $10.00 a barrel but some expe...

Feb 1, 2016
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Trading Tactics: How to Deal With a Slump

Self-realization is a good place to start in breaking a trading slump.  I know it seems obvious that when you're in a slump and trading poorly your results and account balance will reflect it.  Streaks work both ways of course, and when we are winning it is just as notable as when we are losing.  Understanding what is happening to you is awareness that may help you change some habits, which may also change your fortunes. 

When in a slump I will often take a break from trading, a 'timeout'.  ...

Jan 31, 2016
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Stock Market Crash: Is The Dow Headed For A 2008 Repeat?

Do not wait for ideal circumstances nor for the best opportunities; they will never come.
Anonymous

 

We could not help ourselves and put the word stock market crash in the title because every Tom, Dick and Harry is now chanting this tune.  Take a look at some of the recent headlines:

Is the stock market headed for a repeat of 2008?, On marketwatch.com

A stock-market crash of 50%+ would not be a surprise — or the worst-case scenario on Yahoo Finance

Stock Market Crash 2016: This Is The Worst ...

Jan 28, 2016
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