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Market Commentary

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Is This Back to the Future?

My computer world is not any better today than it was yesterday, but I feel better. I did what I could do for my laptop, but it is in a coma. It will require equipment and knowledge beyond my scope to bring it around. Given that I am away from my hometown, I will keep it on life-support until I return. No worries; it is stable enough to wait three more days.

In the meantime, I said I feel better. True, it seems we are “back to the future” with the current market. Instead of talking about a fo...

Oct 21, 2014
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Earnings Play: VMWare Inc. Poised For Big Move

VMWare Inc. is scheduled to report earnings after Tuesday’s closing bell.  Headquartered in Palo Alto, CA, this company specializes in cloud and software virtualization services.  

VMW Share are down slightly over 2% in 2014, but are off nearly 21% from their April 1 high of $111.83.  The stock has traded in a 52-week range of $76.51-$112.89.

Analysts are calling $1.5 billion in revenue with EPS of $0.83 per share.  In their last report in July, VMWare beat out analyst estimates but the stock ...

Oct 21, 2014
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December Canadian Dollar Futures: Trading Idea October 21, 2014

December Canada Dollar Futures a Selling Opportunity on More Price Weakness

See on the daily bar chart for the December Canadian dollar futures that prices are in a solid downtrend and have recently hit a contract low. The bears have the firm near-term technical advantage. A move in prices below chart support at Tuesday’s low of .8840 would become a selling opportunity. The downside price objective would be .8550, or below. Technical resistance, for which to place a protective buy stop just ...

Oct 21, 2014
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S&P 500: Use Past Patterns To Predict Future Market Moves

Humans are creatures of habit and that is why history will almost always repeat at some time in the future. The same holds true for our financial system as well as the stock market.

I have always been a big “fractal pattern” believer and do a lot of my research for future direction, based off of a similar pattern that has happened in the past. History will mimic, but not repeat exactly for the most part, as will fractal patterns. But they are a great guide to what to expect in the future.

Y...

Oct 21, 2014
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Swing Trade: Aussie Bounces Off Support

For three weeks the Aussie dollar pressed chart support at 0.866 U.S. dollars and stabilized, and this week is generating follow-through buying. Enhancing the odds of further upside from here is the tall upper shadow and small real body that appeared two weeks ago on the weekly chart. This pattern of behavior often points to seller exhaustion after a downtrend.

Swing Trade

This is a reasonable place for a long swing trade in the Aussie dollar or FXA . Short covering rallies can sometimes be...

Oct 21, 2014
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Featured Stories

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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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