Tuesday Outlook: Commodities, Global Markets [View article]
The low volume is because just a few are playing, then trades get crowded/overbought, and then some bad news stampedes everyone to the exits creating heavier volume. And repeat.......and repeat....and repeat..........
Tuesday Outlook: Commodities, Global Markets [View article]
bluebare, sometimes they do you a favor. I usually wait 15 minutes after the opening to make trades just to let things settle some. "Most" of the time that works out better.
Thursday Outlook: Commodities, Global Markets [View article]
FJ PENNEY, I write this column to give you, as the footnote states:
The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at etfdigest.com.
There is no intention to make predictions since as ETF Digest Sacred Cow IX (a quote from economist Edgar Fielder) "If you must forcast, forecast often".
Getting the rally we're having today is hardly a surprise given how oversold things had become on the McClellan Oscillator. It's pretty accurate (meaning not perfect) in making these calls from the levels of yesterday.
Wednesday Outlook: Commodities, Global Markets [View article]
The McClellan Oscillator is an "ultra" short-term indicator. It's useful in timing entries for example or just a picture of "current" current conditions.
Tuesday Outlook: Commodities, Global Markets [View article]
DeMark weekly counts are at a 7 count. We need two more weeks to get a 9 count if in fact it occurs.
And, all you arsonists out there, I was just kidding about burning down the excess housing inventory. Well...maybe the mortgage holders would consider it--then the taxpayers would bail them and the insurance companies out. Then we could lend money to the homebuilders to rebuild them.
Thursday Outlook: Commodities, Global Markets [View article]
I don't write the headlines at Seeking Alpha. It's something they do. Sometimes I agree with it and other times not. I put my own headline and image up. One would think that's sufficient.
Wednesday Outlook: Commodities, Global Markets [View article]
yesterday the market should have gapped higher but did the opposite. today the preopen suggested a gap lower but we were higher.
so, as you say, "having absolutely no conviction" is probably the way to watch and trade this spectacle. this is the essence of technical and systematic trading. tune out the noise and follow the tape.
i have an attitude clearly, but that's just for fun. if i had to trade my attitude i'd be broke.
Friday Outlook: Commodities, Global Markets [View article]
Meanwhile, back to the markets:
A reader explains the SPY candle at issue is a "bearish abandoned baby". You may research this at investopedia if you wish or put in your own views/comments/interpr...
Tuesday Outlook: Commodities, Global Markets [View article]
Tuesday Outlook: Commodities, Global Markets [View article]
Thursday Outlook: Commodities, Global Markets [View article]
The charts and comments are only the author’s view of market activity and aren’t recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren’t predictive of any future market action rather they only demonstrate the author’s opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at etfdigest.com.
There is no intention to make predictions since as ETF Digest Sacred Cow IX (a quote from economist Edgar Fielder) "If you must forcast, forecast often".
Getting the rally we're having today is hardly a surprise given how oversold things had become on the McClellan Oscillator. It's pretty accurate (meaning not perfect) in making these calls from the levels of yesterday.
Wednesday Outlook: Commodities, Global Markets [View article]
No one should use it in isolation.
Tuesday Outlook: Commodities, Global Markets [View article]
And, all you arsonists out there, I was just kidding about burning down the excess housing inventory. Well...maybe the mortgage holders would consider it--then the taxpayers would bail them and the insurance companies out. Then we could lend money to the homebuilders to rebuild them.
It's what we do!
Thursday Outlook: Commodities, Global Markets [View article]
Thursday Outlook: Commodities, Global Markets [View article]
Just one man's opinion.
Wednesday Outlook: Commodities, Global Markets [View article]
so, as you say, "having absolutely no conviction" is probably the way to watch and trade this spectacle. this is the essence of technical and systematic trading. tune out the noise and follow the tape.
i have an attitude clearly, but that's just for fun. if i had to trade my attitude i'd be broke.
Tuesday Outlook: Commodities, Emerging Markets [View article]
Tuesday Outlook: Commodities, Emerging Markets [View article]
Thursday Outlook: Commodities, Global Markets [View article]
Friday Outlook: Commodities, Global Markets [View article]
Friday Outlook: Commodities, Global Markets [View article]
A reader explains the SPY candle at issue is a "bearish abandoned baby". You may research this at investopedia if you wish or put in your own views/comments/interpr...
I thank the reader nevertheless.
Friday Outlook: Commodities, Global Markets [View article]
Friday Outlook: Commodities, Global Markets [View article]
"Why didn't Obama win the Nobel Prize for literature? Answer: He wrote two books."