The week of September 23rd – 28th left us in a more favorable technical position on the index that bears were hoping. Price consolidated – through time – and actually added to the gains from last week’s reaction the Federal Reserve’s ‘surprise’ decision. At least temporarily, the bulls have dominated the technical landscape, gaining significant…
The recent moves and recoveries in some key NASDAQ stocks have been nothing less than stellar over the last month. Typically, when technology stocks outperform (or lead) the market, this has been a good sign for both the Dow and the S&P in the near future, as investors raise technology stocks when they perceive improving/better…
Andy Swan recently provided a brief but very informative post regarding Entrepreneurship, Trading, and Poker. It’s mostly summary sentences that underly major points that deserve greater thought and consideration. For example, there is so much to the brief sentence: “Hesitation is worthless. Decide quickly, make your move….make it big and be prepared to change course…
The site “Stock Trading to Go” recently shared ten suggestions for newer traders to learn investing. Recall that trading and investing is different, and I lean far more into the trading camp, but I thought it might be worthwhile to link to a post regarding beginning investment ideas. To be honest, it’s not a complete…
Part of being a trader is evolving not only as the market changes, but as you change and learn new information and assimilate that information into what you already know. I’ve shied away from trading futures heavily, because of a lack of experience or comfort with that market, compared to my years of knowledge about…
Here are the charts of the Falling US Dollar Index ($USD) and a comparison to the Dow Jones Average. First, the Daily Damage (thanks, Federal Reserve): From mid-June to present, the US Dollar Index has fallen 5.70%. US Dollar Index Weekly View A weekly view tells a more dire and dismal picture for the Dollar…
Last week was a runaway win for the bulls, thanks to the Federal Reserve’s decision to drop interest rates by 50 basis points. Let’s zero-in on the charts and see what the current technical picture of the market tells us: Dow – Daily Volume was higher than exactly a month ago – a good sign…
Not long ago, I was invited to join a chat at Ed Heath’s website “Stocks 2 Watch,” which contains Mr. Heath’s swing trade stock selections based on two screens that he runs. I enjoyed the chat, and – with Mr. Heath’s permission – wanted to mention his site for interested readers to examine. In addition…
Dr. Bruce Hong at the Trader Psychology blog recently provided the interesting thought on what it’s like to live on $400 per day – did you know you could live just like a typical physician?! That’s right. Dr. Hong details what a median physician salary breaks down to daily terms, and arrives at the figure…
The Tyro Trader has been posting a series of articles that detail specific types of trade set-ups from Michael Taylor. These posts detail the description, market condition, entry, exit, stop-loss placement, dangers, and – of course – examples of the following set-ups: Breakout Trades Gap Close (I refer to them on here as “Gap Fades”)…