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The dollar has been taken beating on ‘false promises’ of any major fiscal reform from the Trump administration. On July 18th, 2017, President Trump lacked the support of the U.S. Senate to pass any new measures on healthcare bill, in the U.S. At least, three Republicans along with the Democrat lawmakers have expressed opposition […]
In early May, 2017, we alerted our follwers to a trading opportunity that resulted in a nearly perfect Momentum Reversal Method (MRM) setup – this trade was MOBL (Mobileiron Inc). Now that the trade has completed, we wanted to share with you an example of how the MRM trading strategy works and how successful some […]
The newest bear market is in crude oil. The definition of a bear market is when an ‘asset class’ is down more than 20% from its recent high: (Bear Market Rally Definition Investopedia). It has been more than five years since the market fell so hard so fast from its’ high. Two months later, it […]
The dollar gained strength, after the FED raised rates by 25 basis points raised interest rates as expected from 1% to 1.25% last Wednesday, June 14h, 2017. This, in turn, dragged gold prices sharply lower. Gold is locked in a seasonally-low time of the year. Don’t Ignore Technical Analysis If You Are Trading GOLD! GLD […]
Last Friday’s, June 9th, 2017, decline of the tech sector continued into Monday, June 12th, 2017. I expect the NDX to test the range, as illustrated within the red box in the below chart, before continuing higher, but not closing below the red box. The banking stocks were among the beneficiaries of the tech slump, […]
Last Friday June 9th, 2017, Robert Bouroujerdi, a Goldman Sachs analyst, “warned that the $600 billion outperformance by the 5 biggest tech stocks known as ‘FAAMG’ — Facebook, Amazon, Apple, Microsoft and Alphabet — had contributed about 42 percent of all stock market gains over the last year. Goldman worries that the boom has created […]
U.S. Stock Markets just keep going higher and higher! How much higher will they go? I am FORECASTING another 25% higher for U.S. Stocks! The ‘bullish trend’ from the breakout continues, as expected. Breadth has become strong, once again, including a new all-time high on the SPX Advance/Decline line to match the new all-time high […]
I cannot stress strongly enough the importance of understanding where the markets are currently technically located, with regards to different time frames and which help to guide all my trading and investing decisions. The longer that the SPX is inside a ‘consolidation pattern’ and going sideways, the bigger the ‘Break Out’. There is a very […]