Market CommentaryMore Market Commentary
Here we are four days into the week and the market has been down all four days. Since Friday of last week, the DIJA has dropped over 300 points and the S&P has dropped some 26 points. My assessment on Monday missed the mark. The market is not listless; it is correcting.
I hope buying is in the cards for you because this correction will not go on for too long. Once the fear-based sellers leave the playground, the fundamental-based buyers will come to play. The economic data coming out as of ...Read More
Consider buying a call option on March ICE coffee futures.
See on the daily bar chart for March coffee futures that prices are in a fledgling up-trending channel. The bulls have gained a bit of upside technical momentum recently, to begin to suggest that a major market low is in place. Also, this week’s big rally in the crude oil futures market is a bullish clue for all of the beaten-down commodity markets, such as coffee. Consider buying a call option on March coffee futures, with an upside p...
Trading is about taking risk management and profitability. Most traders learn early on to limit your losses so you can trade another day. The smart educated trader can also use the marketplace to protect their portfolio. Have your exit strategy in place ahead of time, and think of worst case scenarios. I’d rather have insurance and peace of mind, than sticker shock and panic.
The S&P 500 has had an amazing run this year. The index is up over 25% percent from where it started on January 2nd. ...Read More
BIDU is pretty much the Chinese Google. It’s a stock that has split a few times. As a company, it does not pay dividends. From a trading perspective, this stock can move! It is quite volatile.
The market is resting right now, which is good for some of these tech stocks, which were just on fire. BIDU has been in a consolidation for a few months now. The $166 area is a super strong support. Like Jerremy Newsome doing 120 on the triceps machine in the gym last night strong. It is also at an all-...Read More
Shares of the coal company, Peabody Energy , are down over 31% year to date. Peabody Energy trades at a forward PEG ratio of 0.33 and is expected to grow EPS next year by 83.30%. The median Wall Street analyst price target is $24, which is more than 31% above the current share price. Generating positive free cash flow isn’t a problem either compared to competitors such as Walter Energy who hasn’t done so in the last year. Peabody Energy also offers better yield protection than Walter Energy ...Read More
Featured StoriesMore Featured Stories
Without a doubt wave labelling is one of the most important skills an Elliott Wave practitioner must learn and work on.
It is of my opinion that this is where a lot of students of the principle fail in understanding and gaining the real benefits of the principle, this requires in-depth knowledge of the patterns, rules and guidelines. A diagram of an idealized Elliott Wave Cycle should always be in clear view of the analyst and under that multiple degrees of the wave labelling the practitione...
A few colleagues and I were chatting after their return from a recent trader’s expo, and the topic of Futures versus Forex came up.
This seems to have been a hot topic from the event and the subject of numerous debates between the various traders in attendance. The forex traders argued in favor of their ability to trade day and night, without the time constraints futures traders' experience. Futures traders contested that their wide variety of trading opportunities, ranging from currencies, e...
Whenever we look at different places where to put our money, real estate has always come to our minds as traditional investors have made lots and lots of money in this market. It’s only in recent times that with a credit freeze, the brick market has suffered an important contraction.
Fortunately, the tide seems to be turning as we see some interesting growth in the chart of the PHLX Housing Sector Index .
NAHB HOLDS ABOVE 50
The first reason that makes us think this market is ready for us to ...Read More
Profitable traders are educated traders. Every day here at TraderPlanet we publish commentary highlighting Markets on the Move that identify tradable opportunities.
In our Features section, we publish longer-range market outlooks and educational articles that can help you hone your trading approach.
Here's a look back at our top stories from November.
Fortify YourselfRead More
I am a big fan of trading books. How big? I have read over 300 books related to the market, investing, and trading and reviewed almost all of them on Amazon.com. Some trading books have the ability to lay out the principles that lead to profitable trading while others are not written by traders, but instead only about trading by writers who never traded an option or future contract in their life and contain little value beyond basic facts.
Here are the top trading books that really changed my...Read More