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Posted by btr Wed, 30 Apr 2003 18:48:22 GMT
Although the volume is not heavy, it has bullish bias. Closed GSF May 22.5P - it bounced back a little, but close to support and may reverse; added more SLB May 40P - is that breakout out of bull flag?; scaling out LOW May 42.5PThe Euro has been in a death spiral for many months now, as anybody who has been paying attention knows. You have to look at multiple time frames when you’re trading and here are my charts for four different time frames. The weekly gives you a big picture view. The Euro’s most recent more
What lies ahead could be much worse. Thousands of protesters, many of them bussed in from the countryside, are sleeping in the shadows of luxury hotels and shopping malls. Many are loyal to a former prime minister, Thaksin Shinawatra, who was kicked out in a 2006 coup. They have occupied a large are more
Most traders, from beginners to professionals, know that keeping a trading journal is an important aspect of trading as a serious endeavor or career. Keeping a trading journal however takes effort and is all too easy to just brush aside and ignore while focusing on other areas in your trading. In th more
Risk is again a four-letter word among individual investors. That could spell further trouble for the U.S. stock market in days and weeks ahead. more
Got an interesting press release this morning from the Nasdaq OMX Group, which runs the Nasdaq stock exchange. more
Gold futures climb by as much as $15 an ounce, as a pullback in prices combine with continued weakness in the euro to lure investors back to the precious-metals market. more
The analogy I had been using over the past few months to describe the action in the market to my members is that of a majestic skyscraper, each story beautifully built, higher and higher to the heavens. Just one problem.. they skimped on the foundation. So, as the glorious skyscraper neared th more
Another tough week for the markets has left investors wary of equities and more focused on bonds, gold and the dollar. more
What a day! I made a comment on facebook today as the Dow was climbing back from -1,000 that this was a once in a career day. You just don’t see 10% slides in major indices within minutes very often. There’s a lot of talk about some fat-fingered trades and technical issues [...] more
Fears stroked by the Greek debt crisis and a weakening Euro dragged Asian stocks down sharply on concerns that export-dependent economies in the region would be badly hit by a slowdown in demand more
Q: Like countless traders, I saw many of my positions stopped out last week, only to see them rebound to at or near where they were before the "flash crash" (e.g. AAPL). As you reflected in your recent comments, traders... more
Many Lib Dems will sooner or later ask: did we vote for our party in order to empower the Tories to govern, writes Max Hastings more