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Market Commentary

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Define Risk On Crude Oil Play With Options

The markets have calmed down a bit from last week, but there is still a cloud of uncertainty hanging overhead. The equity markets have done quite a job of getting back most of the recent sell off. Last week the S&P 500 had a nearly 120 point range from Monday to Thursday, with a 50 point range on Thursday alone. The market closed up 30 points from the low on Thursday, which may have given investors a reason to continue the buying trend the next session. Friday’s session was a volatile day wit...

Oct 23, 2014
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January Soybean Futures: Trading Idea October 23, 2014

January Soybean Futures a Buying Opportunity on More Price Strength

See on the daily bar chart for January soybeans that prices are in a fledgling uptrend and have just hit a four-week high. The bulls have gained upside near-term technical momentum recently. A move above chart resistance at Wednesday’s high of $9.90 would give the bulls better upside momentum and it would also become a buying opportunity. The upside price objective would be $11.00, or above. Technical support, for which to p...

Oct 23, 2014
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10 Facts About The Facebook Chart

If you’re like me, you are probably on Facebook often checking updates on friends and family. FB is an incredibly fun stock to trade. It is quite volatile and in my opinion, has some serious moves left in it.  

Here are 10 facts about the FB chart.


#1 On October 22, 2014 FB made an all-time high of $79.85.

#2 The $79 price range is where FB experienced some strong selling pressure just three weeks ago.

#3 FB bounced very nicely off the 100-day simple moving average on October 14, 2014 and Oct...

Oct 23, 2014
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Oil May Not Be Done Going Down Just Yet

The United States Oil Fund LP , a crude oil ETF, is down 22.54% from the highs of 2014. This turn has taken place over the last four months amidst a rally in the PowerShares DB U.S. Dollar Index Bullish ETF in the same time period. An end to the Fed’s Quantitative easing program and hints at a rate hike in 2015 are the likely cause for the price action we’ve seen in the U.S. dollar. Now that oil is officially in a bear market is it time to step in or is there more downside to come?

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The char...

Oct 23, 2014
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Silver versus Gold

Silver/Gold ETFs Ratio fell below its lows of the previous 5 years on 10/22/14, thereby reconfirming its preexisting downtrend. The trend of SLV/GLD has pointed down most of the time since it peaked on 4/28/11, and Silver continues to underperform Gold.

The S&P 500 Composite Index reversed direction to the downside on Wednesday after rising 4 consecutive trading days. SPX remains above its 200-day SMA but remains below its 50-day SMA, now at 1,966.67. The day-to-day trend is looking uncert...

Oct 23, 2014
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Featured Stories

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Psychology: How To Stop Trading Hesitation

Procrastination, and in particular trading hesitation, over your trade set-ups is very frustrating and detrimental to the health of your trading account and your emotional and physical well being. Whenever we observe behavior patterns that prevent us from trading profitably value conflicts born out of incorrect assumptions about your reality are always at the root of the issue.

In a world that is changing in all areas faster than is comfortable for the conditioned limited mind, hesitation is ...

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Trading: Communication Is The Key To Lowering Your Taxes

How many times have we been told that communication is the key to a good marriage or a good friendship? In the business world, we are told that communication is the key to success. I am a big believer in the power of open communication. It’s one of the main reasons that Guardian Accounting Group has a flat fee structure. We never want our clients to be afraid of talking to us about a tax situation because of an hourly fee. Clients are encouraged to call us with all their tax questions and con...

Oct 16, 2014
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Market Profile®: 3 Important Ways It Can Improve Your Trading

You can look at markets and make trading decisions in many ways. Market Profile® has been an indispensable tool in my trading career. While Market Profile is a lifelong study, three characteristics I use to increase the probabilities of making successful trades are areas of acceptance and rejection, trade location, and context.

Areas of Acceptance and Rejection

The most useful characteristic of Market Profile is how it paints the picture of acceptance and rejection of price over time. It show...

Oct 15, 2014
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The Case For Gold: “The Good Old Days”

In a recent interview, Rick Rule of Sprott Asset Management made a strong case that this bear market may be looked back on as “the good old days” in terms of the golden opportunity to invest in the precious metals sector.

Rule said there has been “carnage” in the precious metals markets over the past three weeks, adding to “slow motion” carnage since 2012. He said it is “Difficult for people to see benefit in this type of carnage.” However, he argued, “Three or four years from now, we’ll look...

Oct 13, 2014
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Gaining Viral Profits With Global Health Panics

When fears grip the public about the spread of virulent diseases such as Ebola and other malicious conditions, it is time to assess the situation and enact strategies to enhance safety…health-wise and financially as well.

World health authorities believe that that Ebola and other contagious maladies will have a significant effect on the world economy. The U.S. is enacting emergency procedures and our healthcare industry is gearing up for what will be a difficult challenge for society at large ...

Oct 10, 2014
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