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TA Today

Tuesday
Feb 09th
Tools for Consistent Profitability
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Not much to wrap today

February 8, 2010, 1:42 pm

A very quiet tight range trade today around the +/- line. Not a lot to say about what transpired other than the need to keep an eye on the Euro. If the Euro begins to gather some strength short term, that will support equities in general. Looking acr...

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Quiet day for a change

February 8, 2010, 12:04 pm

Not griping - a quite day after a few weeks of extreme volatility. Time to take a bit of a pause, look around and consider you next move. The action today suggests that the hammer reversal on Friday was real and that's a good thing for those who cove...

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Oversold makes it hard to go down right now

February 8, 2010, 6:15 am

Last week we saw the market become quite volatile with large swings but on a weekly basis, it didn't end up losing that much. That has to do with the fact that it is pretty oversold right now. With a light economic calendar and the beginning of the w...

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$Compq- descending channel

$Compq- descending channel

February 4, 2010, 10:11 pm

We seem to be in a clear descending channel for now- see the following chart.

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$Compq- bulls need more than a bounce

$Compq- bulls need more than a bounce

January 24, 2010, 9:04 am

We hit my 2228 target on Friday overshooting to a low of 2200 and a close of 2205. I'd expect some sort of bounce on Monday or Tuesday at least as high as 2228 to validate my target. It doesn't look good for the bulls here- they will need to quickly ...

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$Compq- possible cascading ABC's

$Compq- possible cascading ABC's

January 22, 2010, 8:32 am

If we hit the 2228 area we finish a second short term cascading ABC. See the following chart.

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Federal Reserve Bankrupt?

January 31, 2010, 1:42 pm

A few weeks past, the Fed announced that it had made a profit.  I challenged this claim at the time.  Now a young Polish economist has confirmed my view and shows how the Fed uses accounting tricks to mislead the public.  In the private sector, trick...

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Trade Protectionism Does Not Enhance National Security

January 3, 2010, 3:12 am

As a general concept, free trade has many supporters. Most of us agree that trade with other nations is a good thing. We get stuff that we would not otherwise have and/or it is much cheaper. Examples include many food items that grow only in special ...

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Achieving Energy Self-Sufficiency Would Be a Pyrrhic Victory

December 25, 2009, 6:38 am

Everyone seems to agree that it would be a beneficial thing for America to become energy self-sufficient. Many reasons are advanced. The most common are national security and financial reasons. Sometimes these are one and the same; for example, that ...

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