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Market Commentary

More Market Commentary

Silver and Gold Mining Are Relatively Weak

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio fell below its lows of the previous 8 years on 10/17/14, thereby reconfirming its preexisting downtrend.

Silver/Gold ETFs Ratio fell below its lows of the previous 5 years on 10/17/14, thereby reconfirming its preexisting downtrend.

The S&P 500 Composite Index opened higher on an upside gap and added to gains Friday morning before turning choppy in the afternoon. SPX finished above its closing prices of the previous 4 trading...

Oct 20, 2014
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Trading Markets Has Become A Challenge - Know Your Time Frame

'The only thing we have to fear is fear itself' - Franklin D. Roosevelt, 1933 Presidential Inaugural Address.

If you have a bit of an upset stomach watching the massive ups and downs in this market over the last couple of weeks, well you  are not alone.  I have been keeping a bottle of pepto bismal within reach .  We can see and feel the anxiety with every market open, and it soon becomes a game of chicken to see who can get out the door first.  A far cry from the conditions we have been livi...

Oct 18, 2014
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It’s Getting Easier To Say, Hang In There

Is this it? Is the panic over? Have the sellers become exhausted and have the buyers stepped back into the breach? Is this, after weeks of churning, the bottom?

  • U.S. stocks were higher at the open on Friday, following a batch of solid earnings reports that eased concerns about the impact of weak global demand on U.S. growth and businesses.

Strong right out of the gate and holding steady the market is. She be happy me thinks. As it stands at this moment, the Dow is down just about 1,000 points...

Oct 17, 2014
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Australian Dollar Futures: Trading Idea October 17, 2014

Australian dollar futures a selling opportunity on fresh price weakness. See on the daily bar chart for the December Australian dollar futures that prices have seen a recent choppy pause following a downtrend. This pause is not bullish and suggests the bears are storing up power for a new leg down in prices. A move below solid chart support at the recent low of .8598 would give the bears fresh downside technical momentum and it would also become a selling opportunity. The downside price objec...

Oct 17, 2014
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Stocks Look Better, But What Did "Dr. Copper" Say?

Copper, iPath DJ-UBS Copper TR Sub-Index ETN absolute price fell below its lows of the previous 6 months on 10/16/14, thereby reconfirming its preexisting downtrend. Long term, JJC has been in a major downtrend since topping at 61.69 on 2/14/11. "Dr. Copper" is widely accepted as one of the better indicators of investor confidence in the global industrial economy.

The S&P 500 Composite Index remains in a downtrend. SPX recovered from an early loss on Thursday to close nearly unchanged. Cl...

Oct 17, 2014
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Featured Stories

More Featured Stories

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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What Is Technical Analysis To You?

Technical analysis is widely used in the trading community to forecast the market. There are numerous texts on the subject. There are well known traders and authors who have made famous their particular niche, e.g. candlesticks, point and figure, Bollinger Bands®, etc.  

There’s even a body, the Market Technicians Association that offers a professional designation to candidates who have demonstrated expertise in the subject matter by passing three levels of rigorous testing and abiding by the ...

Oct 9, 2014
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