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Market Commentary

More Market Commentary

Sell In May, I Hope So

Four days into this week and the market is still, how shall I say it, on the fence. There are not enough sellers to drag the market down too far and buyers are not willing to commit wholesale to drive the market up too far.  

·       U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.

Today appears no different than yesterday when the market ended up slightly in the red. One can see amb...

Apr 24, 2014
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Spring Ushers In Higher Gas Prices At Pump

There are many traditions we observe as we move from winter into spring.  Those traditions can vary a great deal based on what stage you are at in life. Young children may participate in an egg hunt while those of the college age group might be on a beach enjoying spring break. Some enjoy spring cleaning more than others, and the return of baseball gives many some optimism that this may be their team’s year. One event that few if any enjoy is higher gas prices at the pump come springtime.

In ...

Apr 24, 2014
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Global Markets: Brazil, Eurozone Show Strength

Today we are looking at the global markets. 

We can see from Figure 1 that Japan is the weakest global market in terms of ChartLabPro.com’s rating value while Fixed Income is the strongest.  The S&P 500 is still rated a buy and has increased in strength as indicated by the seven days bar graph.

Buy/Sell Signals

Our firm has not had an outright sell signal in the S&P 500 in over two years.  Next to the Buy/Sell rating is our proprietary counter trend rating.  We use this rating to determine ex...

Apr 24, 2014
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June Australian Dollar Futures: Trading Idea April 24, 2014

June Australian dollar futures a selling opportunity on more price weakness.

 

See on the daily bar chart for the June Australian dollar futures that prices have backed down from the recent high, hit a two-week low and a fledgling downtrend line is in place. See, too, at the bottom of the chart that the Moving Average Convergence Divergence indicator has produced a bearish line crossover signal, whereby the thick blue MACD line crossed below the thin red “trigger” line. The Aussie dollar b...

Apr 24, 2014
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Delta Poised To Fly After Gap

 As far as transportation goes, I’m a big fan of flying. My next preferred method of travel is driving. It’s much less expensive than flying! The biggest drawback is that it takes so long, but if you have a good play list set up it’s not too bad. I drive a lot and don’t mind it. If I’m making a pro/con list in regards to flying, speed would be my number one pro. My number one con to flying is price. My second con is leg room. I’m 6’4” and planes aren’t usually friendly to my type. I will giv...

Apr 24, 2014
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Featured Stories

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UK Official Bank Rate Bearish Play

Forex traders know that economic reports and central bank rate announcements are a time of volatility. Anticipation of the events is high and expectations build up on both sides of the currencies can lead to very good trading opportunities. Many professional traders prefer to engage these events with breakout play because of the uncertainties. However, not all such events are unpredictable. The United Kingdom Official Bank Rate Announcement is a classic example that trading edge can be found ...

Apr 24, 2014
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3 Things Every Trader Should Do Each Spring

Spring is notoriously known as a time to clean. While many may be planning to tackle the closet, the garden, or the cupboards, Traders should be applying the same cleaning mindset by taking a look at their own trading processes. Below are three things that I think every trader should do to spring clean.

#1 Clean Up Your Charts

Far too many traders have way too many indicators on their charts. They believe that if they have charts that look complicated, they will somehow be able to decode the ...

Apr 22, 2014
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Which Holidays Are Good For The Market?

Last week we posted a brief outlook on the broad U.S. equity market heading into the Easter holiday, and we casually dropped a throwaway line: “the markets like Easter.”

A reader asked a simple question: “Is there really a seasonal bias in favor of Easter.”

Good question. The answer is yes and no.

The bump we expected going into the Easter weekend was certainly there: the S&P 500 was up 2.7% last week, the best performance for the year-to-date.

It is not so much that the market likes Easter ...

Apr 21, 2014
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Weibo’s (WB) IPO Faces Wobbly Market, Skepticism

Weibo , commonly referred to as “China’s Twitter,” is expected to price its 20 million share IPO the evening of April 16, within a range of $17-$19.

Before its financials and fundamentals are even scrutinized, this Goldman Sachs/Credit Suisse led deal is facing an uphill battle.  As the stock market – growth and momentum names in particular – have fallen out of favor, so to have IPOs.

Making matters worse, shares of Twitter have been clobbered since reaching post-IPO highs on December 26, 201...

Apr 16, 2014
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Trading And Spouse Relationships


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...

Apr 15, 2014
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