Market CommentaryMore Market Commentary
Hi traders from all over the world! How are you doing? I hope you are ready for a most exceptional and exciting week ahead.
I want to give you a quick overview and glance at METALS this week to give you an idea of what I’m thinking.
I am bearish on Silver and Gold for the next few weeks actually. There has been some serious selling in both the SLV and GLD ETFs. The selling has been pretty fast and furious even though many envision a beautiful and bright future on metals.
I do agree tha...Read More
We began discussing the growing imbalance in the gold market here, two weeks ago in, “ Gold Alert: Big Spec Short Position Seen.” The expectation in a situation like this is for a sharp market reversal higher. This would punish the newly short small speculators and prove the commercial traders correct in their assumption that gold has fallen below its fair value on the open market. Clearly, the Chinese selling of a reported 33 metric tons of gold worth approximately $1.3 Billion Dollars threw...Read More
Well, it was fun while it lasted. The S&P500, the large-cap index, had a nice little mid-summer rally going at the start of the week, up about 90 points in eight days, moving from the low end of the three-month channel to make a two-month high last Monday, just a couple of points below the all-time record. Sweet summer.
And then it fell apart. There were new concerns, based not on events in Greece but in China, where the Chinese government announced figures for its gold holdings whi...Read More
The Hybrid Lindsay forecast calling for a high in the Dow near Wednesday of that week was successful even if a day early. Although both the S&P 500 and NASDAQ continued their advance until the following Monday, the Dow Industrials index printed its high on July 16. That week’s Commentary also mentioned the forecast for a low during the period July 24-31. Let’s see how that is developing.
The Dow is down 3.04% since the July 16 high. Last week the Dow had its biggest decline since December. ...Read More
Since the Greek crisis has been averted , we can now get back to business. China has its own set of issues that eclipses the Greek problems by orders of magnitude. China’s potential pitfalls include: a massive housing bubble, commodity prices cratering, and a very tenuous stock market whose growth has been driven by under-capitalized, over-leveraged, retail traders, many of whom have very little exposure to trading.
Let’s find a Chinese company who is reporting earnings that has some room ...Read More
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Brett found trading confidence elusive. "If only I was more confident, I'd be a better trader," Brett explained. What might cultivate more confidence? "Making more winning trades, of course." Sorry, that’s the wrong answer.
The Source of True Trading Confidence
Trading confidence doesn’t come from the number of winning trades, how much money was won, or other ‘statistical’ measures. True trading confidence comes from mastering the various skills needed to read the market and execute and ...Read More
Before the market opens on Wednesday, July 22, healthy pet product maker Blue Buffalo Pet Products’ 29.5 million share IPO is expected to price within a range of $16-$18. The lead underwriters on the deal are JP Morgan and Citigroup. BUFF’s IPO comes on the heels of another healthy pet food IPO, Freshpet , which went public on November 7, 2014. Taking a look back on how that IPO fared, its’ 10.4 million share IPO priced at $15, above the $12-$14 range, but then slid lower over the first few ...Read More
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It is no secret to investors that we are living in unprecedented times. At no time in history have so many governments around the globe engaged so actively in the printing of money to counteract and essentially monetize away the effects of the glut of debt that led to the 2008 global financial crisis. This wave of liquidity has in turn distorted markets in a way that has made navigating today’s stock market a frequently trying and frustrating affair for investors relying on static, “time-test...Read More
What are Automated Futures Trading Systems?
Often referred to as algorithmic trading systems, or simply algos, an automated futures trading system is a defined set of technical rules and parameters that ultimately determine entry and exit points for a given contract. In the event that all of the stipulated technical events occur, a buy or sell signal is created and a trade is automatically executed without human intervention. Simply put, it is trading on autopilot.
Each system is comprised...Read More