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Market Commentary

More Market Commentary
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Traders Brace Yourself: The S&P 500 Is Ready To Crack

The S&P 500 is threatening a breach of the high-volume support zone first tested in October of last year at 1820 – 1880. 

This zone remains support however the re-visit of this zone is a bearish development with the odds of an eventual breach most likely. 

A breach of support would open the door for an accelerating decline.  The next lower target / support is at 1625 – 1704.  In such a scenario, this lower support zone is likely to be an advantageous buying opportunity.

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If you’d like to lea...

Feb 10, 2016
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Illusory Economic Recovery Supported By Hot Money

Is this economic recovery real? Well if you base your observations on how far the Dow has risen since the financial crisis of 2008-2009 and on the B.S statistics the BLS puts out, the answer would be a yes. However, if you do just a little cursory digging, you will spot that this economic recovery is nothing but a grand illusion. The following factors clearly prove that this recovery is not real.

Copper

A leading indicator is in a death spiral so all must not be well. It is trading at multi-y...

Feb 10, 2016
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Gold: An Inverse Trade With Equities

Precious metals rallied sharply late last week and through Monday’s session in the face of significant equity losses. While plunging equity markets offer a “risk off” mood that drove investors into the precious metals sector most notably into Gold and silver, that same reaction could reverse itself if Janet Yellen’s testimony in front of Congress is seen as dovish. However should Yellen’s commentary be seen as “staying the course” with the sentiment being that possibly two to three rate hikes...

Feb 10, 2016
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Turnaround Tuesday

The equity markets are very quiet this morning in comparison to what has happened the last few days. I don’t think we will see much today with Janet Yellen speaking Wednesday and Thursday in front of The House and Senate.

The Currency markets however are very active today. The dollar index as of 11am is down 0.67 to 95.88. The Euro is strengthening vs USD, up over 0.01 vs the EURO to 1.131. The Dollar is falling against the Yen by 1.08 to 114.76. It continues to astonish me that this is happe...

Feb 9, 2016
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ORLY: Near A Strong "Do Or Die" Price Point

Hello, stock market fans from around the planet. How have the last few weeks of your trading been going? Exceptionally wild, I imagine. Some gargantuan swings and percentage moves across many stocks and sectors since the start of 2016. A lot of analysts are calling for a recession.

With the decreased cost of gas and oil, it’s likely that people will be driving more and therefore repairing their vehicles more. Many analysts are quite bullish on the auto retail sector. I personally am not. I th...

Feb 9, 2016
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Featured Stories

More Featured Stories
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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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Stock Market Crash: Is The Dow Headed For A 2008 Repeat?

Do not wait for ideal circumstances nor for the best opportunities; they will never come.
Anonymous

 

We could not help ourselves and put the word stock market crash in the title because every Tom, Dick and Harry is now chanting this tune.  Take a look at some of the recent headlines:

Is the stock market headed for a repeat of 2008?, On marketwatch.com

A stock-market crash of 50%+ would not be a surprise — or the worst-case scenario on Yahoo Finance

Stock Market Crash 2016: This Is The Worst ...

Jan 28, 2016
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