Market CommentaryMore Market Commentary
For Friday, 18475 can contain session strength, below which 18335 remains an intraday target able to contain selling into later week, once tested 18675 attainable over this time. A settlement today below 18335 signals a test next week of long-term support at 18045, this formation able to contain selling through the balance of Q3 and above which the 19125 formation remains a 3-5 target. Upside Friday, pushing/opening above 18475 allows 18575, while closing above 18475 maintains a b...Read More
Oil prices are testing key support levels as they try to balance supply versus demand and demand expectations. Supply seems to be speaking for itself as combined, all U.S. crude oil and refined product stocks are at 2.08 billion barrels, an all-time high. But demand is near all-time highs as well. The American Petroleum Institute reported record June gasoline consumption in the U.S. The API, according to Bloomberg News, said that demand for gasoline rose 2.7 percent from a year earlier to 9.6...Read More
September Crude Oil grinded lower on Thursday, July 21, 2016 making a new low for the week at 44.52 but it was unable to get below the 44.42 low established on July 11th. Crude Oil is still in its 2 week trading range and it would take a close below 44.31 to create a path to 41.64 , in my opinion. Support on the daily chart comes in at 44.26 and then 43.03 and 42.50 . Crude did make an attempt during the Wednesday night session to rally but it failed to take out the Wednesday high of 46.13...Read More
When the market move to extremes we often search for the counsel of someone who can offer some advice, or at the very least put some sense on the moves. Yet, with the enormous moves up, down and then back up again just in the last six weeks we still find ourselves searching for answers. Even the ones 'in the know' are dumbfounded.
This is why the market action will give you all the answers you need to create a picture of forward progress. I'm not trying to spin bullish action here, rathe...Read More
For Thursday, 2158.25 can contain selling into later next week, above which 2189.00 is expected over this time horizon. Upside today, 2175.25 can contain initial strength, while pushing above 2175.25 allows 2189.00 intraday, able to contain buying into later next week and the level to settle above for yielding the targeted 2228.25 formation over the same time horizon. Downside Thursday, breaking/opening below 2158.25 allows 2145.00 intraday, while closing today below 2158.25 indi...Read More
Featured StoriesMore Featured Stories
Before investing in a stock, it is important to do your homework. There are so many choices and variables to consider and it is easy to become overwhelmed and make mistakes. While there isn’t a perfect recipe for success, having a guide to follow and knowing the right questions to ask before handing over your hard earned money, will help you to make well-informed choices. It will also greatly increase your chance of making the right investment.
Below is a list of twelve questions you should b...Read More
‘’One important key to success is self-confidence. An important key to self-confidence is preparation’’--Arthur Ashe
There are no doubt that most of us traders and investors are still finding it difficult to deal with the pressure of the market. Especially when you are a Day-trader- there is always an urgent need for you to make quick decisions.
Still on the market pressure, do you think you can make that right decisions with a fearful mind? No. But rather, you could make a better decision if...Read More
A little and a little, collected together, becomes a great deal; the heap in the barn consists of single grains, and drop and drop make the inundation.
Towards the end of last year, we published an article titled Americans favour coffee to stock market investing where we demonstrated that an overwhelming majority drink coffee as opposed to investing in the stock market’ 61% of Americans drink coffee on a daily basis as opposed to the 48% that invest in the market. On aannual basis, A...Read More
Most of the small caps that performed the best included the following characteristics: Healthy markets in an uptrend, part of an industry group leading the market and superior fundamentals and technicals. Although many winners had weak fundamentals and strong technicals, such as biotech, and some had strong fundamentals and weak technicals, your odds for profitable trades improve when you have a small cap that has both strong fundamentals and technicals.
For fundamentals, the obvious impor...Read More
Recently, world stock markets fell sharply on the news that Great Britain would leave the European Union. When the news is bad and the markets respond by selling off, it can lead to a large decline and sometimes to a bear market. The Brexit sell-off didn’t last, however.
Was there a way to tell that the market would rally? And, since the market recovered quickly after bad news, does that indicate anything for the future? The answers are yes and yes. We’ll take each in turn.
How did we k...Read More