Market CommentaryMore Market Commentary
So far today, it appears the market is ambivalent. Either the sellers are exhausted or the buyers are wary but in the game. It reminds me of two fighters parrying. How it will end up today is any one’s guess.
My suggestion at this point is the same as the one below, which is the same as the message I have been iterating for some time now.
- Don’t freak out if the market tanks. Getting caught up in short-term market frenzy can be a little like measuring the distance of a marathon on your hands ...
March Euro currency futures a selling opportunity on price weakness.
See on the daily bar chart for the March Euro currency futures that prices are trending higher at present, but are moving up against strong technical resistance at the October high. See, too, that the Slow Stochastics indicator is well into overbought territory . If the Euro does back off from its present high, it could be that a bearish double-top reversal pattern could also form. A move below 1.3650 would provide the bears ...
When looking for new opportunities of investment, we search for different industries that are doing well and also sectors that are new and upcoming. One of these growing industries is the robotics and automation sector
The chance to get into this field has come recently since the Robo-Stox Glbl Robotics & Automation ETF was recently launched in late October. This instrument seeks to provide investment results that correspond generally to the price and yield performance of t...Read More
Has the metals sector regained its luster? The group was largely left out of the first half of the 2013 bull market, but certain issues have shown recent gains.
Alcoa , the aluminum producer and former Dow component, has yet to bounce, but the stock has a potential shiny upside from a technical perspective. A $40 stock in 2008, AA has spent most of the past year under $10. An $8 support base formed during the past two years. Plus, a bullish wedge pattern targets a move to $10.50.
An upside ...Read More
I have been playing poker for more than 25 years, trading options for nearly 15 years. I love both games, the challenges they present and the mind exercises of the sport. The two activities are eerily similar. The psychological aspects require a mastery of the game and knowing how to read people and emotions. Below are some of the characteristics required for success.
Patience is the most important. In poker, you have to wait for the right cards to come. Of course, bluffing your way through t...Read More
Featured StoriesMore Featured Stories
Before we go deeper let me ask you a few questions: How often have you gone over your trading system? How often have you tweaked the EMA, the RSI setting, or developed yet another holy grail indicator? How many hours have you spent listening to what other traders are telling you to do and tried to apply it? Yet in spite of all the effort you are putting in to iron out all those weaknesses in your trading strategy you are still pretty much were you were before. Does this sound somewhat famili...Read More
As the New Year approaches, one year passes and another arrives. It’s an excellent time to review the year that’s been, take some “biggie” improvement action points out of it and step forward with clarity and purpose for an even better year ahead.
Here are 5 majors to consider when taking stock.
1. Are there ways to improve your EXECUTION PERFORMANCE?
If you have a systematic trading system with well defined trading entry, exit and position sizing methodology, you will know where you should hav...
"Will the markets close up or down today? Should I take profits? Cut my losses? Get short? Add to my position?" The accuracy by which a trader can predict today's closing price will ultimately determine the size of his profits . The Wall Street 'Pros' take action before the market moves against them. Like sheep led to the slaughter, the Main Street 'Joes' often wait and pray - costing them hundreds or thousands of dollars in potential profits.
How do the Pros know? They don't. But they d...
The head and shoulders top, coils, ascending triangles, descending triangles, wedges, and last but not least…scallops. There are a large number of patterns that the technical analyst uses to define particular setups in price action that he can act upon and trade with a favorable risk to reward.
Many are common, with varying names, some are more rare, and less known, such as the scallops, initially brought to my attention by Technical Analysis of Stock Trends by Edwards and Magee. The market h...
With the holiday season and year end approaching, the IPO market looks poised for one more flurry of deals before firms close their books on 2013. Among the twelve confirmed upcoming IPOs is one more headliner that is sure to generate plenty of interest.
Hilton Worldwide Holdings , the world’s largest hotel company with over 4,000 properties worldwide, is set to go public on December 13, offering 112.8 million shares within a range of $18-$21. Given the prominence of the IPO, it’s not surpr...Read More