Market CommentaryMore Market Commentary
Sterling may weaken as BOE concerns grow following PMI reports
Price action on EUR/GBP remains trapped between .7200 and .7450. Last week, the currency pair climbed to .7441, following the US non-farm payroll report, which saw euro strength across board. We may continue to see further EUR/GBP strength as the data from the UK is starting to weaken. With the UK manufacturing remaining sluggish, we could see the Bank of England become increasingly hesitant on tightening talk. If UK wages how...Read More
In the trading world we live in, no other indicator is more reliable, faster, or more ‘predictive’ that candlestick patterns. Candles are like a painting. People can look at the same painting and feel or see different emotions but the picture itself is supposed to invoke a feeling.
Candles are a visual representation of how people feel, while trading a stock. One of my favorite bullish reversal patterns is the tweezer bottom. The tweezer bottom can be found on any time frame on any stock. ....Read More
Time-Sentiment and Technicals are the 3 components of successful swing trading. It is almost impossible to remove one of these elements and be able to have consistent winning swing trades for 1400 SPX points. TIME: If you missed our last article we wrote on September 15th, then you missed our warning of a “Beige Hole” mini crash that was scheduled for September 17th, which was identified 2 weeks earlier.
Knowing “when” to expect these big moves is the most important aspect of successful tr...Read More
If ever you needed a demonstration of the triumph of hope over harsh reality, you got it Friday in the US equity markets. They staged their biggest reversal in four years, and brought the Bulls bellowing back into the markets.
Why? Well just read on.
The Longest Day ™ began with a shocking dose of reality. The Non-Farm Payrolls report was lousy, no good, really bad: far below expectations this month and big downward revisions for last month. The unemployment rate was unchanged, because the la...Read More
Early last week I wrote an article for TraderPlanet with a very bearish target for the Nasdaq futures . On Friday, however, I noted that the Nasdaq respected a key line in the sand at 4125, which is technically the Volume Profile Point of Control.
That level is the price at which the most volume over the look-back period occurred. In this case the look back period is an entire year, so this level has some significance.
One can use Volume Profile to help determine trend direction. Basically...Read More
Featured StoriesMore Featured Stories
By Gil Morales, CEO, Gil Morales & Company, LLC
In my recently published book, “Short-Selling with the O’Neil Disciples: Turn to the Dark Side of Trading,” , I discuss the short-sale set-up chart pattern known as the “Punchbowl of Death,” or “POD” as I like to refer to it in acronym form. Like the more classical and orthodox “Head & Shoulders” formation, the POD is simply another template, albeit a somewhat unorthodox one, that I use to identify potential short-sale targets in-the-making. Wha...Read More
Shares of Tesla are up about 10% in 2015, which is nothing special for a company that seems to have an agenda to out-special every other high-performance car company out there. And it does a pretty good job of it. If you have never been wow’ed by a car, take a test drive in a dual motor version and learn what ludicrous acceleration feels like.
The stock is holding up well for a company that’s so speculative that investors either hate it or love it. One reason is that unlike most Nasdaq lea...Read More
Holter, “Prepare for a reset… The Fed is now helpless to stop the coming global financial calamity.”
In a September 20, 2015 interview, gold expert Bill Holter argued that the economic system is on the verge of a “financial calamity.”
Discussing the recent Fed decision not to raise interest rates, Holter said, “If we had an increase in interest rates. . .the markets would close within two weeks. . ..I don’t think there’s any way the Fed can tighten.” He sees more qu...Read More
As we are at the end of the month and quarter, we take a look at the dismal performance of the indices over the last three months and have to make an assessment. The quarter is down well over 6% as of this writing, and certainly one of the worst performance in years. Our assessment is of the trend, which is always your friend! If the trend is lower, what is the reason to fight it?
While the markets are not technically in a bear market , there are more than 50% of stocks that are down more...Read More
Cycles are nothing else but expressions of energy: When you learn how to read and feel energy you can save yourself a lot of guesswork and frustration in the timing of your trades and investments.
The nature of the universe is cyclical, at least from our perspective as humans living on earth.
Each cycle has its very own unique energy field and feel. While cycles are predictable up to a degree, because they repeat, they never repeat in the same way, because our consciousness changes. As lo...Read More