Market CommentaryMore Market Commentary
Clearly the bulls and the bears are fighting it out in the trenches now. Today’s market action typifies what happens when these forces collide in an effort to control the trend. Understandably, this volatility has some worried, especially in the context of the military buildup in Ukraine.
- Ed, I'm getting a little concerned about the situation in Ukraine. What do you think? Is the market going to tank if the fighting starts? Tough question, but should I have a plan?
Actually, the question is ...Read More
June Australian dollar futures a buying opportunity on more price strength.
See on the daily bar chart for the June Australian dollar futures that prices are in a solid uptrend and last week hit a multi-month high. Prices are seeing a corrective pullback on Tuesday but the bulls are still in firm command and there are no early technical clues that a market top is close at hand. A move above chart resistance at last week’s high of .9419 would give the bulls fresh upside momentum and it would...Read More
Intel Corporation shares have slightly outperformed the broader market in 2014, up a modest 3% so far year to date. The stock has traded in a 52-week range of $21.42-$27.12, having hit its low of $23.05 on February 5, the same time as the broader market. The stock ticked up $0.38 in Monday’s session.
Intel Corporation is scheduled to report earnings after the closing bell in Tuesday’s session. Analysts are projecting EPS of $0.37 per share on overall revenue of $12.81 billion. Historical...
The path to consistently profitable trading can be a long and winding road for many traders.
There are many lessons to be learned —both about the markets and one's own personal psyche. Traders who have a passion for the markets and persistence can achieve success. There is some luck and also a lot of hard work and long hours involved in the process.
Here are a few articles to help you along your path.
The Inspiration To TradeRead More
Last week I showed you how I use sentiment with the stock/bond ratio chart to determine how to look for market reversals. I personally like to combine the sentiment charts with other technical analysis to determine where we are within that cycle.
The use of short term sentiment readings, like the 15-60 and 120 minute charts will allow you to trade the squiggles. That is when the trend is going one way, but expectations of a counter trend rally should hit. The daily and weekly is used for the ...
Featured StoriesMore Featured Stories
How trading affects our relationships and relationships affect trading
In the past couple of months, I have received several e-mails from traders who were in emotional stress. With only minor corrections, the market moved up relentlessly for a year. This has been a difficult environment for traders, as a majority tends to fade market momentum, looking for volatility. I also received two e-mails from trader spouses—pouring out their hearts, as the emotional stress was effecting their relations...Read More
Why is it so important to be able to trade without fear?
The reason is that the emotion of fear clouds your judgement and makes it hard if not impossible to stick to your trading plan.
For example, the trader plans to enter a trade when it pulls back to a certain pre-defined level, he waits patiently for the pull-back and when price pulls back it does so with a large candle and high momentum. At that moment his fearful brain kicks in and starts rationalizing that this particular trade w...Read More
Goldman Sachs has been circulating a document repeating a question it is hearing more and more frequently from its clients these days: is the current market repeating the pattern that developed in March, 2000?
March of 2000, as everyone who was active in the market then remembers with some pain, was the month the tech bubble popped, and took the entire stock market down with it.
Then, as now, a handful of high-momentum stocks – an updated version of the `Nifty 50` of the last Millennium – wer...Read More
The principles that successful trend traders use to make money in the markets is difficult for the average investor or trader to understand.
Readers unfamiliar with systematic trend trading have a hard time grasping the concept of trading for profitability without trying to predict where price will go next. Most successful trend traders have preset planned entries that are triggered by a reaction to a new high or low price being hit. They use quantifiable price levels and indicators like movi...Read More
It’s not at all uncommon to hear traders go around talking about being primarily a technical analysis trader or a fundamental analysis trader. It almost seems like there are two completely different camps in the market analysis war within the Forex market as traders pick and choose a side in the technical versus fundamental analysis debate.
When people ask me whether I primarily rely on technical or fundamental analysis in my trades, I know that there is always that opportunity for debate, but...