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Market Commentary

More Market Commentary

July Corn Futures: Trading Idea April 21, 2014

July Corn Futures a Buying Opportunity on More Price Strength

See on the daily bar chart for July corn futures that prices have seen a corrective pullback just recently but remain in an uptrend. A move in July corn above chart resistance at $5.06 would give the bulls fresh upside technical momentum and it would also become a buying opportunity. The upside price objective would be $5.35 or above. Technical support, for which to place a protective sell stop just below, is located at $4.95. Reme...

Apr 21, 2014
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Real Estate Investing: Marketing And Selling

When it comes time to sell your little gem of a property, it's critical to have a comprehensive marketing and advertising plan. 

Usually, you will use a realtor to list the property on the local MLS, but not all realtors are created equal.  Stay away from the ones who only market according to the three P's: Post ; Publish and Pray .  But, not all realtors are as good at selling properties. Some are better at being buyers agents, some are Saturday morning realtors who have a different job dur...

Apr 21, 2014
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S&P 500: Is The Bull Market Back?


The way the U.S. equity markets bounced back last week was enough to make all the predictions about a market crash sound a bit lame. The S&P 500 cash index closed at 1864.85 on Friday, up 49.16 points, for weekly net gain about 2.7% – the best one week open-to-close performance this year.

Sure, it was the week before a holiday weekend, and the volume was pretty light. But we're back up now almost to March's closing price. It is as if the big decline in the first week of April never happened...

Apr 21, 2014
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Lindsay Analysis: More Middle Sections

The methods developed by George Lindsay were used to forecast the highs and lows of bull and bear markets. My Hybrid Lindsay model is my attempt to use the work of George Lindsay to forecast highs and lows Lindsay never bothered with.

Last week’s commentary focused on using my ‘hybrid’ approach to forecast two very short-term turns in the Dow. This week I illustrate how the Hybrid Model can be used to forecast more tradable turns in the Dow.

A very important part of Lindsay’s work was his ide...

Apr 21, 2014
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Stocks: 4-day Rally Slowing

Technology stock sector ETF absolute price crossed back down below its 50-day SMA on 4/17/14, thereby turning systematically neutral .

The S&P 500 Composite Index absolute price opened slightly lower but turned upward after the first 25 minutes. SPX worked moderately higher until 3:15 pm ET, then eased mildly lower in the final 45 minutes. SPX closed above the open and above the midpoint of the day's high-low range.

NYSE total volume rose 7% to a level 2% above its 200-day SMA. Generally,...

Apr 21, 2014
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Featured Stories

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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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Overcome Fear In Your Trading

Why is it so important to be able to trade without fear?

The reason is that the emotion of fear clouds your judgement and makes it hard if not impossible to stick to your trading plan. 

For example, the  trader plans to enter a trade when it pulls back to a certain pre-defined level,  he waits patiently for the pull-back and when price pulls back it does so with a large candle and high momentum.  At that moment his fearful brain kicks in and starts rationalizing that this particular trade w...

Apr 14, 2014
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SPX: Party Like It's 2000? Let's Hope Not

Goldman Sachs has been circulating a document repeating a question it is hearing more and more frequently from its clients these days: is the current market repeating the pattern that developed in March, 2000?

March of 2000, as everyone who was active in the market then remembers with some pain, was the month the tech bubble popped, and took the entire stock market down with it.

Then, as now, a handful of high-momentum stocks – an updated version of the `Nifty 50` of the last Millennium – wer...

Apr 14, 2014
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