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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • The US Dollar Remains Stubbornly Bullish

    By Poly

    This is an excerpt from this week's premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.

    (click to enlarge)

    The Dollar stubbornly refuses to fall, even though it too (like crude/bonds) is very deep into its Daily and Investor Cycle timing. Technically it is weakening, as seen within the indicators on the chart below. I believe this is a sign that the dollar has topped and is about to begin falling. When it eventually does fall, it will probably not look back for many weeks.

    Such setups in the past acted as bullish consolidation before launching higher, mainly because they occurred earlier in the Investor Cycle. This time around, being that we're so far past the normal timing band, I expect this is more about the Cycle knocking on support lines that are destined to eventually give way. In the later part of any Investor Cycle, these types of setups normally break to the downside.

    (click to enlarge)

    Related Posts:

    Stairs Up And Elevator Down?

    Crude Has Likely Hit Rock Bottom

    Plenty Of Reasons To Explain Recent Selling

    Tags: UUP
    Nov 22 2:26 PM | Link | Comment!
  • Head's Up Traders, Here's Some Star Candy!

    By Astrology Traders

    Karen here from Astrology Traders, I've got some great news and some really important astrology projections that will help you navigate the markets for November.

    First, we want to welcome Christopher Ebert, full time trader and options specialist to our Astrology Traders Service. Chris brings his options expertise and educational abilities to our team for traders looking for unique hedging opportunities and lower risk trades. You can read more about Chris at Astrology Traders

    November 5, 2014

    November 5th is important, I know it's the day after midterm elections that's not why it's important, the bigger concern here is the transit of Saturn in Scorpio activating a point that resonates with a dispensation from 1984. I don't want to go into the esoteric meaning here, I will simply define it as a block to those who are the sympathizers of war. This is HUGE and it will not go by unnoticed! I have been writing about this time frame for months now and have warned that 30 days prior to this date (October 5th) a stock market correction and acceleration of conflict in every corner of the earth would unfold while those who are the "holy power elite" begin to go crazy mad. The current uptrend is at risk of reversing beginning October 31st. Below are my date ranges from our September 28th newsletter update:

    October 2nd. - There could be a subversive move regarding the gold/silver trade with the Comex and CME Group. This is likely inconsequential for the general markets, however, I want to point it out since the price manipulation for the metals seems to be reaching a feverish peak within the gold bug community. Demand for the metals is very high and physical purchases are up over 200% so far this year.

    October 5th-October 13th- A critical time that could bring a crises. Volatility that is difficult to trade, best to hold tight and wait for setups.

    October 14th-October 30th- There is potential for a rebound in the markets here, however this time frame is interlaced with other difficult patterns, including a solar eclipse on October 23rd at 0 degrees Scorpio. There are more ominous portents coming with this eclipse that I will cover in next weeks update.

    October 31- November 17th- A significant pullback is likely.

    Currency and bond volatility will likely spike November 7th-8th while the Nasdaq looks to be more vulnerable with Uranus (rules technology stocks) is in square to the United States natal Sun at 13 degrees Cancer.

    Are you positioned for the market volatility in the coming weeks? If not come check out some 'options' (pun intended), we have just the opportunity for you. Join our free webinar next Thursday at 3;30 Eastern. We'll be discussing the trends going forward and we're gonna show you your options.

    Stay tuned for the webinar registration next week.

    Nov 06 9:42 AM | Link | Comment!
  • Stairs Up And Elevator Down?

    By Poly

    This is an excerpt from this week's premium update from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly. Now offering monthly & quarterly subscriptions with 30 day refund. Promo code ZEN saves 10%.

    This reflex, counter-trend Cycle move, has now added 180 points in 10 sessions, more than eclipsing the 17 session fall that preceded it. They often say that equities take the "stairs up and an elevator down", which is why I find it very difficult to respect a move of this magnitude. To me, the only condition in which I can accept this type of all-inspiring move is if the market was headed for a final blow-off top.

    However, the Cycle count does not show new highs, at least not coming for another couple of months (only from the next IC). Massive "surprise" moves, such as a blow-off, have been known to occur from very unorthodox setups such as these. The point is that this 5 year bull market continues to demand my respect, even though the expectation for new all-time highs here is no longer warranted. In the end, price trumps any technical analysis and discipline.

    The S&P continues to bounce back much stronger than I would have expected. And this makes the move all that much harder to trust. To me, the action has all the characteristics of a desperate, counter-trend rally. This is how (bull) trapping markets form and I continue to see this as a 2nd Daily Cycle coming off a failed Cycle. In that case, my only expectation is to naturally remain bearish, while looking for a turn lower to begin at any moment.

    I'm curious now to see what role the ending of QE will play in this scenario. In my opinion, like we witnessed in past culminations of QE programs, this environment does fit the profile of a failed Investor Cycle well. This market will now need to sustain itself without QE and from a lofty (and failed Cycle) position. I find that difficult to see.

    (click to enlarge)
    Nov 06 9:15 AM | Link | Comment!
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