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Market Commentary

More Market Commentary
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Paying Attention to the Pre-Market

We can all glean some good information by analyzing and interpreting action before the opening bell.  I look at many different items to determine how the day might go, to be ready for anything that is thrown at me.  Catching falling knives or buying extended markets is not my game, but if a trend is starting - even for the day - we can be quite profitable from it.

First, we need to see how the overseas markets performed and if that is spilling over to our markets.  If Germany's DAX is down 1....

Feb 12, 2016
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Is Crude Oil Finally Poised To Bounce?

 March Crude Oil made another new low today as it continues its march lower. Reuters reported that Phillips 66 dumped crude oil for immediate delivery on Wednesday signaling a worsening oversupply situation in Cushing, Oklahoma. Futures responded by trading below the 27.00 level, declining to 26.22, before a short covering rally into the start of Fed Chair Janet Yellen’s testimony before the Senate Banking committee, that took price to the highs of the day. It reached 27.48 before breaking do...

Feb 12, 2016
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Biotech: One More Time

Although I have much lower downside targets , I’ve been periodically bullish about the Biotech ETF , expecting an oversold bounce… but my timing has been off.

It’s always risky to forecast bounces in a bear market, because the force of fear is much greater than the force of greed. Nevertheless, once again, I’m going to this well.

I believe the Nasdaq is still married to Biotech and their futures are inextricably intertwined. We can’t get a bounce in one without the cooperation of the other. T...

Feb 12, 2016
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8 Ways Traders Can Make Sense of Social Media "Noise"

Considering the average trader, advisor, and investor has a slew of information to sift through on a daily basis, one of the key components is to have the capability of understanding  the concept of usable information versus bits of useless data.  The most dynamic aspects to any trading day or week for any professional or part time market participants is spending the time to isolate elements of news, data, and social media based information that can be readily applied to any trading methodolo...

Feb 12, 2016
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Bad Habits

Based on a simple trend following method I recently outlined for Trader Planet readers using the monthly chart of the S&P 500 , U.S. equities have entered a confirmed bear market. The problem isn’t just that. Most bourses worldwide are already down more than 20% from their peaks. Not just mendacious China, but Germany, France, Japan, the U.K., plus the Russell 2000, the bank index, the transports, etc.

Bear markets offer plenty of volatility, but most traders have difficulty taking advantage ...

Feb 11, 2016
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Featured Stories

More Featured Stories
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ICE Unleashes Data Fees on Futures Traders

I’ve been receiving endless inquiries regarding the new data fee charges levied by the ICE exchange, so I felt compelled to address the issue publicly to ensure the trading community understands the situation. 

Roughly a year after the Chicago Mercantile Exchange Group, better known as the CME Group, implemented their controversial data fee policy, the Intercontinental Exchange is rolling out their own set of hefty fees levied on commodity traders.  Before we talk about the magnitude and imp...

Feb 12, 2016
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Day Trading Support System

What can I say guys, we all need a little help, a little support.  Day trading is a challenging business to say the least and some days we need all the help we can get.  Those losing days can be tough and sometimes we need to seek council from someone we trust, but we need to be careful where we look for support because negative feedback can be devastating if we listen to the wrong people.

Many day traders seek support from friends and family, although SOMETIMES the ones closest to us can sup...

Feb 8, 2016
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Using ETF Fund Flows to play Defense

We are now in February and the major US Indices can now be considered in bear markets.  So, how should one position themselves for a rocky 2016?  Let’s examine where the institutional money is flowing.  Evaluating ETF fund flows daily identifies trends and major market shifts; weekly and monthly evaluations will reveal general trends.  Why?  Funds and RIAs are now using ETFs as an asset allocation model; therefore, watching these day to day movements can provide clues regarding how funds are...

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Will Oil Prices Rise or Fall? | A 27 Year History on the Charts Tells the Story

Bloomberg says oil  will go as low as $10.00 a barrel whereas oil tycoon T. Boone Pickens says we could be headed for higher oil prices; no matter how you slice it, both of these sources could be right.   The market is going to do what the market is going to do, but there are solid reasons for oil prices to rise and fall, the past 3 decades has shown us this without a doubt.  There’s been a lot of talk from news sources and in the media that oil may be headed for $10.00 a barrel but some expe...

Feb 1, 2016
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Trading Tactics: How to Deal With a Slump

Self-realization is a good place to start in breaking a trading slump.  I know it seems obvious that when you're in a slump and trading poorly your results and account balance will reflect it.  Streaks work both ways of course, and when we are winning it is just as notable as when we are losing.  Understanding what is happening to you is awareness that may help you change some habits, which may also change your fortunes. 

When in a slump I will often take a break from trading, a 'timeout'.  ...

Jan 31, 2016
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