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Market Commentary

More Market Commentary

September British Pound Futures: Trading Idea July 24, 2014

September British pound futures a selling opportunity on more price weakness.

 

See on the daily bar chart for the September British pound futures that prices are in a fledgling downtrend and have just hit a four-week low. The bulls are fading. A move in prices below solid chart support at Thursday morning’s low of 1.6966 would become a selling opportunity. The downside price objective would be 1.6750, or below. Technical resistance, for which to place a protective buy stop just above, is loc...

Jul 24, 2014
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S&P 500: 2000 Is The Target

In spite of geo-political events, the S&P 500 is on a run again. Earnings season has given traders and investors some good data this week and the market has run with it. Wednesday saw the S&P 500 close at an all-time high of 1987.01, surpassing the previous record set on July 3.

The last year has seen the S&P 500 put in new highs 58 times. With interest rates at historically low levels, and the Fed maintaining its stimulus program, traders and investors continue to go to the equity markets fo...

Jul 24, 2014
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Industrial And Consumer Stock Sectors Losing Strength

Consumer Staples stock sector ETF Relative Strength Ratio broke down below its lows of the previous 4 months on 7/23/14 and remains systematically bearish.

Consumer Discretionary stock sector ETF Relative Strength Ratio broke down below its lows of the previous 4 weeks on 7/23/14 and remains systematically bearish.

Industrial stock sector ETF Relative Strength Ratio crossed below its lows of the previous 9 months on 7/23/14, confirming its systematically bearish trend.

NASDAQ 100 ETF...

Jul 24, 2014
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Strong Q2 Report For LabCorp Sets Up For New Highs

Shares of the clinical laboratory company, Laboratory Corporation of America , are up 15.61% year to date. On July 18, LabCorp reported Q2 EPS of $1.84 vs the $1.77 estimate and revenue of $1.52B vs the $1.50B estimate. The revenue increase of 3.3% year over year was largely due to test volume sales. On top of the strong quarter they raised FY14 EPS guidance to $6.50-$6.75 from $6.40-$6.70 and revenue guidance to $5.92B. The consensus Wall Street estimate is $6.68 in EPS and revenue of $5.91B...

Jul 24, 2014
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Hawaiian Airlines: Reasons I Like This Trade

I just returned from Hawaii about three weeks ago. I didn’t get a chance to fly Hawaiian Airlines, but I’ve heard a lot about the company and its potential for growth.

A good friend of mine was excitedly planning to buy this stock as it pulled back into $13.00; it did, and he did! He is really pleased as I write this for you .

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The List

Here are a several reasons I like this gap up so much and I love this for a long trade.  

1 Anyone who went short on 7/17, 7/21, or 7/22 really had no other ch...

Jul 24, 2014
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Featured Stories

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Top 10 Free Trading Resources

The following is a list of my top 10 favorite free resources on the web for investors and traders. None of these websites involve any cost, though some do offer the possibility to upgrade to a pay service. We did not include TraderPlanet, since you are already here.

1.www.TopStepTrader.com If you are intraday trader that is tempted to have CNBC on during your trading day here is an entertaining alternative. "Eddie the Broadcaster" will keep you informed with a solid mix of market news, specia...

Jul 23, 2014
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Forex Tips: When Trading Discipline Goes Too Far

“Stick to your trading plan” is what we hear said all the time and I’ve been known to say it too.  Although that may be the best thing to do, if your trading plan is ok, there’s the odd time that crops up that makes you question it.

Being a dedicated forex trader I’ve done some serious screen time.  Eyes locked furiously on the charts waiting for my setups, mesmerized by the ebb and flow of the markets.

While going about my normal trading day, there have been several instances where the radical...

Jul 22, 2014
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Rehypothecation, Has The Goose Stopped Laying “Gold”en Eggs?

The practice of rehypothecation is centuries old. It has been used to create “free” money supply and in recent times the Chinese have become rather fond of commodity funding deals in an attempt to leverage deals and grow their economy.

The model works, at least in theory, and while all is well one can extend the daisy chain, seemingly for ever…

The universe provides infinitely after all, doesn’t it? This is basic pop quantum physics. The difficulty arises in the very moment a link weakens an...

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Technical Analysis: Using Multiple Timeframes

The objective of any trading strategy is to identify trading entries with a high positive predictive value: i.e. the sensitivity and specificity of the order are likely to be successful close to 90% of the time.

Getting Started

In order to achieve this —the market must be defined or broken down into two separate energies: 1) price action or market structure and 2) indicator analysis. Both parameters provide separate information that must be integrated in order to evaluate the predictive value...

Jul 17, 2014
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India’s Impure Gold, Short Squeeze To $5,000

The India Times recently reported that the Reserve Bank of India is planning to ship impure gold to the Bank of England to swap it for pure gold that can be traded as London pure bars.

If the objective is to exchange impure for pure bars that is very easily done. Any major refiner would be happy to smelt the gold, test it for impurities, remove the impurities, and then recast the gold at the purity India desires. The gold could then be shipped back to India, instead of being stored at the Ban...

Jul 14, 2014
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