Adam Hewison released an educational video this morning entitled “How to Trade Divergences in the S&P 500“. Like me, Adam is using the MACD (standard settings) to highlight non-confirmations between price and the indicator. Divergences occur when a market makes a new swing high but the MACD indicator (or other oscillator) does not make a…
It’s that time again! The MoneyShow.com is hosing the popular “Traders Expo” in Las Vegas, NV from November 18-21. This is shaping up to be one of the best Expos I have attended, and I hope you’ll join me and the dozens of other traders and educators this year! Best of all – attending the…
I’m pleased to announce that Elliott Wave International is offering a 50-page free eBook entitled “The Ultimate Techncial Analysis Handbook”
Former Secretary of Labor, current professor at UC Berkeley, and author of Supercapitalism Robert Reich penned a thought-provoking article recently entitled “Why the Dow is Hitting 10,000 when Consumers Can’t Buy and Businesses Cry Socialism.”
Adam Hewison released a thought-provoking video yesterday entitled “Two Major Technical Levels are About to Collide in the S&P 500 Index.” It’s an interesting and ‘larger picture’ style take on the S&P 500, noting an overhead descending trendline (which I missed drawing! I miss some of the things that are so simple – Adam is…
In the latest episode of the Disciplined Investor Podcast with Andrew Horowitz, Andrew interviewed Larry Williams and myself in a discussion of the current markets, technical structure, and commodity market positions. Entitled, “Episode 127: Pro Lessons on Trading and Technicals,” Andrew, Larry, and I discuss what we’re seeing in the current market – Larry from…
Let’s take a look at the US Dollar Index, which has broken Fibonacci support and could be falling off a cliff from this point.
I’ve read these tips from Mr. Robert Prechter (of Elliott Wave Internation) previously, but here are five quick tips he succinctly shares with students and readers:
1. Have a method to trade.
2. Have the discipline to follow your method.
3. Get real trading experience, instead of only trading on paper.
4. Have the mental fortitude to accept the fact that losses are part of the game.
5. Have the mental fortitude to accept huge gains.
Let’s take a weekend look at the Editor’s Picks for the current “NewsFlashr Business Blog” section: 1. From Mish’s Global Economic Analysis, we have “Five Points on the Market, Earnings, and the Economy.” 2. From Dr. Brett Steenbarger of TraderFeed, two posts entitled: The Importance of Happiness Three Negative Patterns of Self-Talk and How to…
I recently had an article published at the large TradingMarkets.com website that I wanted to share the link and some excerpts with you. The article is entitled “The Importance of Trade Execution Tactics,” and in the article I cover how making small enhancements to your trade entry strategies can add up to hundreds if not…