Market CommentaryMore Market Commentary
March Swiss franc futures a buying opportunity on more price strength.
See on the daily bar chart for the March Swiss franc futures that prices are in a four-week-old uptrend and have just hit a fresh five-week high. The bulls have the near-term technical advantage as “the trend is your friend.” A move above chart resistance at Friday’s high of 1.1203 would become a buying opportunity in the “Swissy.” The upside price objective would be 1.1500, or above. Technical support, for which to place a...
Gold has been on one of greatest historical runs of any asset class, but that is about to end in 2013, probably for the foreseeable future. The yellow metal finished higher in twelve consecutive years, outperforming most asset classes by a mile. But all streaks must come to an end, and it appears this year will be the first down year in the a baker's dozen. So far gold is down nearly 30% for the year, it would need to move mountains to get into the green for the year. This may not be the ...Read More
I always know I’m on to something when I get a barrage of hate mail. Actually, “hate mail” is a bit anachronistic. These days, hating is done via snarky Twitter posts and comments at the bottom of articles .
While this is not quantifiable by any stretch, I do view it as something of a contrarian indicator. Investors only feel compelled to write hate mail when they feel insecure and have allowed their emotions to take control. In these cases, it’s generally safe to take the other side of t...Read More
The farming equipment sector has missed much of the monster rally because of pressure on grain prices and trouble in China. But should we really turn our back on the entire sector?
Take Deere & Company . The stock is up only fractionally for the year. At these sale prices, this American icon could make for an attractive recovery play in the New Year.
DE has based out with a six-month bottoming channel between $80 and $86 since mid-June. A breakout of the trading range targets a $6 move to $92...Read More
Industrial stock sector ETF Relative Strength Ratio whipsawed back up above its 50-day SMA on 12/5/13, thereby turning systematically bullish .
Financial stock sector ETF Relative Strength Ratio whipsawed back down below its 50-day SMA on 12/5/13, thereby turning systematically bearish .
NASDAQ 100/S&P 500 Relative Strength Ratio rose above its highest levels of the previous 14 months on 12/5/13, thereby reconfirming its preexisting long-term uptrend.
Foreign Stocks ETF Relative Str...
Featured StoriesMore Featured Stories
Without a doubt wave labelling is one of the most important skills an Elliott Wave practitioner must learn and work on.
It is of my opinion that this is where a lot of students of the principle fail in understanding and gaining the real benefits of the principle, this requires in-depth knowledge of the patterns, rules and guidelines. A diagram of an idealized Elliott Wave Cycle should always be in clear view of the analyst and under that multiple degrees of the wave labelling the practitione...
A few colleagues and I were chatting after their return from a recent trader’s expo, and the topic of Futures versus Forex came up.
This seems to have been a hot topic from the event and the subject of numerous debates between the various traders in attendance. The forex traders argued in favor of their ability to trade day and night, without the time constraints futures traders' experience. Futures traders contested that their wide variety of trading opportunities, ranging from currencies, e...
Whenever we look at different places where to put our money, real estate has always come to our minds as traditional investors have made lots and lots of money in this market. It’s only in recent times that with a credit freeze, the brick market has suffered an important contraction.
Fortunately, the tide seems to be turning as we see some interesting growth in the chart of the PHLX Housing Sector Index .
NAHB HOLDS ABOVE 50
The first reason that makes us think this market is ready for us to ...Read More
Profitable traders are educated traders. Every day here at TraderPlanet we publish commentary highlighting Markets on the Move that identify tradable opportunities.
In our Features section, we publish longer-range market outlooks and educational articles that can help you hone your trading approach.
Here's a look back at our top stories from November.
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I am a big fan of trading books. How big? I have read over 300 books related to the market, investing, and trading and reviewed almost all of them on Amazon.com. Some trading books have the ability to lay out the principles that lead to profitable trading while others are not written by traders, but instead only about trading by writers who never traded an option or future contract in their life and contain little value beyond basic facts.
Here are the top trading books that really changed my...Read More