Category: Trading Articles

Continue caution is prudent

Last week an important swing point low printed paving the way for a potentially larger move down in the S&P 500 along with the rest of the market.  In the popular press it went unnoticed because the popular press still doesn't recognize the power of neoclassical thought. The likely creation of that swing point low was a factor in alerting you to get safer finally after staying with this bull market far longer than most. Trading is not about predicting the future with great accuracy - that's a suckers call. Consistently profitable trading is being able to recognize when real risk is rising and knowing it's time to move to higher ground before the tidal wave of selling sweeps in. It's about taking advantage of the many set-ups that come along the way.

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  • Written by LA Little

Category: Trading Articles

USD/JPY- 99.85 wave C target

We've fallen below the 101.84 short term low today setting up a longer term ABC down - see the following 5wk 30min chart.

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  • Written by Gary Caumont

Category: Trading Articles

TNA- 77.9 short term wave 5 target

TNA is a 3X small cap bull ETF which projects fairly accurately- see the following 174hr 10min chart.

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  • Written by Gary Caumont

Category: Trading Articles

Charts: Markets Remain Bullish Despite Downside Pressure

The market character of 2014 is certainly not the same as 2013 but realistically, it would be a mistake to assume this is it - this is the big one to the downside. Market tops, when they do come, usually take time to develop. The rollover is almost always a process - not an event.

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  • Written by LA Little

Category: Trading Articles

Shaking the Trees

Accelerate moves many times lead to false moves and false moves are a great way to separate the weaker hands from the strong. That separation happens on both the long and short side of the trading equation. Yesterday, the process of shaking the trees began. The first shake out was the poor old short sellers who hopelessly began to cover their shorts on the apparent breakout on the S&P 500. The question now is "Will the longs be shaken next?"

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  • Written by LA Little