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Market Commentary

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Not A Good Monday, For Me …

Today is not starting out well for me. Two words sum it up – computer problems. First, my normal work computer gave me the “blue screen of death” this morning, and for those who know Microsoft Windows, well, you know that this is as bad as it gets with Windows.

The reason I am even writing about my computer problems is that just two minutes ago I was closing out my sagacious thinking for the market today and the computer I am using at this moment decided to shut down to install Windows update...

Oct 20, 2014
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December SRW Wheat Futures: Trading Idea October 20, 2014

December SRW Wheat Futures a Buying Opportunity on More Price Strength

See on the daily bar chart for December soft red winter wheat that prices have made a decent rebound from the September low and prices are in a three-week-old uptrend. The bulls have gained some near-term technical momentum and would gain more by pushing prices above chart resistance at last week’s high of $5.22 1/4. That would also become a buying opportunity. The upside price objective would be $5.90, or above. Technica...

Oct 20, 2014
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Silver and Gold Mining Are Relatively Weak

Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio fell below its lows of the previous 8 years on 10/17/14, thereby reconfirming its preexisting downtrend.

Silver/Gold ETFs Ratio fell below its lows of the previous 5 years on 10/17/14, thereby reconfirming its preexisting downtrend.

The S&P 500 Composite Index opened higher on an upside gap and added to gains Friday morning before turning choppy in the afternoon. SPX finished above its closing prices of the previous 4 trading...

Oct 20, 2014
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Trading Markets Has Become A Challenge - Know Your Time Frame

'The only thing we have to fear is fear itself' - Franklin D. Roosevelt, 1933 Presidential Inaugural Address.

If you have a bit of an upset stomach watching the massive ups and downs in this market over the last couple of weeks, well you  are not alone.  I have been keeping a bottle of pepto bismal within reach .  We can see and feel the anxiety with every market open, and it soon becomes a game of chicken to see who can get out the door first.  A far cry from the conditions we have been livi...

Oct 18, 2014
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It’s Getting Easier To Say, Hang In There

Is this it? Is the panic over? Have the sellers become exhausted and have the buyers stepped back into the breach? Is this, after weeks of churning, the bottom?

  • U.S. stocks were higher at the open on Friday, following a batch of solid earnings reports that eased concerns about the impact of weak global demand on U.S. growth and businesses.

Strong right out of the gate and holding steady the market is. She be happy me thinks. As it stands at this moment, the Dow is down just about 1,000 points...

Oct 17, 2014
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Trading: Communication Is The Key To Lowering Your Taxes

How many times have we been told that communication is the key to a good marriage or a good friendship? In the business world, we are told that communication is the key to success. I am a big believer in the power of open communication. It’s one of the main reasons that Guardian Accounting Group has a flat fee structure. We never want our clients to be afraid of talking to us about a tax situation because of an hourly fee. Clients are encouraged to call us with all their tax questions and con...

Oct 16, 2014
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Market Profile®: 3 Important Ways It Can Improve Your Trading

You can look at markets and make trading decisions in many ways. Market Profile® has been an indispensable tool in my trading career. While Market Profile is a lifelong study, three characteristics I use to increase the probabilities of making successful trades are areas of acceptance and rejection, trade location, and context.

Areas of Acceptance and Rejection

The most useful characteristic of Market Profile is how it paints the picture of acceptance and rejection of price over time. It show...

Oct 15, 2014
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The Case For Gold: “The Good Old Days”

In a recent interview, Rick Rule of Sprott Asset Management made a strong case that this bear market may be looked back on as “the good old days” in terms of the golden opportunity to invest in the precious metals sector.

Rule said there has been “carnage” in the precious metals markets over the past three weeks, adding to “slow motion” carnage since 2012. He said it is “Difficult for people to see benefit in this type of carnage.” However, he argued, “Three or four years from now, we’ll look...

Oct 13, 2014
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Gaining Viral Profits With Global Health Panics

When fears grip the public about the spread of virulent diseases such as Ebola and other malicious conditions, it is time to assess the situation and enact strategies to enhance safety…health-wise and financially as well.

World health authorities believe that that Ebola and other contagious maladies will have a significant effect on the world economy. The U.S. is enacting emergency procedures and our healthcare industry is gearing up for what will be a difficult challenge for society at large ...

Oct 10, 2014
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What Is Technical Analysis To You?

Technical analysis is widely used in the trading community to forecast the market. There are numerous texts on the subject. There are well known traders and authors who have made famous their particular niche, e.g. candlesticks, point and figure, Bollinger Bands®, etc.  

There’s even a body, the Market Technicians Association that offers a professional designation to candidates who have demonstrated expertise in the subject matter by passing three levels of rigorous testing and abiding by the ...

Oct 9, 2014
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