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Market Commentary

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Millenials – It Appears They Are Moving Out And In To Homes

Consumer and investor confidence dipped this past month. This, along with the other recent soft economic indicators, has led some analysts to lower GDP projections for 2015. So be it; let the predictions stand.

Me? I prefer to look past the month-to-month indicators. I look to indicators that are more long lasting, that are more predictive of a solid foundation for economic growth. One of those is real estate, a broad category, but because that, the far reaching fingers, the growth or non-gro...

Apr 28, 2015
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TWTR Trending Among Investors

Twitter is scheduled to report earnings today after the close, it’s fifth such report since becoming a publicly traded company 

Analysts are projecting $0.04 EPS on revenues of $456.82 million, with strong year over year growth in contrast to the report from on year prior . 

TWTR stock has been trending with investors in 2015, having gained over 44% year to date.  The stock is trading in a 52-week range of $29.51-$55.99.  However, the stock has yet to reclaim recent Oct 2014 high, having jus...

Apr 28, 2015
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Expect a Gap Fill in the NQ

Yesterday I noted that “Mondays belong to the bears” and forecast a morning sell off starting during the first 90 minutes that would head toward the unfilled gap around 4489, with eventual continuation to the lower boundary of the Upper Value Area, now at 4482. The Upper Value Area is colored light green on the chart and has this yawning gap.

While I do expect this gap to be filled sooner than later, the gap fill scenario is a bit obvious right now, and markets love to fade the obvious. So ke...

Apr 28, 2015
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Half-Hearted Breakout in the E-Mini

Yesterday

The S&P500 mini futures gapped up overnight Monday and rallied to a new high 2119.75 in the first hour of trading. Then they sickened and died for the rest of the day. The ES closed at 2104.75 – seven points below the previous close – and barely managed to bounce off the 2100 support, thanks to a little end-of-day profit taking from the shorts, who were singing and dancing all day long.

This is pretty much what we said would happen in yesterday's post: an early rally, followed by a...

Apr 28, 2015
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SPX - Triangle Breakout Target Is...?

Last week I wrote about the SPX trading within a range-For Now! The pattern has been well publish and many are now looking for a possible top target for the pattern. It is pretty simple to figure out. You just take the points from top/bottom of the triangle and add them to where it broke out and that is your target.

So the high for the triangle pattern came on 02/25/15 and the price was 2119. The low came on 03/11/15 and the price was 2039. 2119-2039 is 110 points. The breakout of the patter...

Apr 27, 2015
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Featured Stories

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So Much For Ancient Greece and Biometrics Using The Eye

Today we go between ancient history and the future, which is now. We leave the market to its own devices, as it is again behaving as if it wants to go up. Maybe it is the tepid economic data coming out that has the market believing the Fed will remain sidelined until at least late in the year, or maybe it likes that spring is here. Whatever …

Greece is ancient history, you know Plato, the Iliad and the Odyssey, Homer, et al, but in today’s world, it appears the good folks of Greece do not wan...

Apr 27, 2015
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Old School Advice


Even with the prevalence of high speed trading and other complex algorithmic systems, it is often the tried and true strategies that can help you be successful over the long haul. Many investors try to reinvent the wheel, but often the most successful traders today have patterned their trading styles after those of the great traders of the past.


W.D. Gann


“How to Make Profits in Commodities” by W.D. Gann was written in the 1940s and updated in the early 1950s. It’s an excellent textbook-type...

Apr 27, 2015
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Mastering the Emotions of Trading:Harnessing Emotion and Thinking for Highly Effective Trading

“Trade what you see, not what you feel.”

This axiom of trading seems so right, it is undeniable that all traders need to strive to achieve it.  The only problem with this oft quoted remark is what you see is influenced by what you are feeling – no exceptions.  If only traders could see the facts clearly without feeling, then they would be freed from the tyranny of emotional reasoning.  Then trading would be easy.  But nothing could be further from the truth.

The truth is all thinking is emot...

Apr 24, 2015
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Worry No Worry – Earnings Growth Will Prevail

The market is, admittedly, on shaky footing right now. Economic data is not quite as strong as we would like to see, the FOMC and their rate hike is just around the corner, and 1st quarter earnings growth is not expected to be good.

I could go on and on about how the economic trends are still pointing to growth, or about how the FOMC rate hike has been expected for so long it has no choice but to be factored into current market values, but I won't. When you boil away all the day-to-day infor...

Apr 21, 2015
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Are You Using the Right Trading Style and Instrument?

Market Conditions Affect Profits

One of the benefits of the modern market structure with online trading is that anyone can trade just about any trading instrument using a variety of trading styles.

This is also one of the biggest challenges that face retail traders. There are literally too many choices and not enough reliable information to help them select the instrument and optimal trading style that best suits their unique personality, goals, and parameters.

Using the wrong instrument or t...

Apr 20, 2015
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