Yesterday these markets started that wall of worry climb like they have over and over this year. The small caps are leading the push as seen here . So will we flop back up to test the top of the range now? Read more...
Sometimes there's far too much to do but most of the time there is very little to do when it comes to actual trades. Most of trading is about preparation and study. The trading part is a very small part of the overall game. Read more...
At this juncture it is all about the Fed leading up into the announcement and then conference that follows. Last week we saw weakness begin to develop on worries of Fed tightening - or shall I say their lack of QE going forward. As soon as the market... Read more...
Lower lows seem to be inevitable- see the following 18day 30min chart.
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The bears had a chance to complete an ABC down to 3406 today but 3419 was the low so far- see the following 32 day 30 min chart.
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My 1494 wave 5 target was canceled when we fell below its 1391 presumed wave 4 low; see the following 5 month daily chart.
Read more...Time frames are so important in trading. Much confusion could be avoided by sticking to the dominant time frame when trading. If you are swing trading on multiple days or weeks, the dominant time frame is the weekly chart - not the daily chart. The d...
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This is the second in a series of three interviews L.A. did while in Las Vegas back in late November with Rob Booker as part of his MoneyShow presentation. It's focused on the financial stocks primarily and is an interesting take from a seasoned trad...
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In the last of a three part interview series L.A. did while in Las Vegas back in late November, Rob Booker asks the real question, "What is Neo-Classical Trading". Although the interview is short, L.A. tries to lay out the foundation for this though...
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As kids, we used to flip coins. I remember back then thinking that the odds increased for a different outcome if the same side came up a few times in a row. As we know, that’s not sound statistical logic. Right now, to try and trade this market in fr...
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Japanese equities (INDEXNIKKEI:NI225) have been hard hit of late and so much of that stems from the turmoil in their bond market.
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At this particular point, what do we really know about the market’s true intentions? Are we going to cave in and have another crash? Some think so and they keep telling you that. Or are we instead just going to have a mild setback in price before rea... Read more...