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Showing Posts 51 - 60 out of 180 found.

Grain Market Bulls are Waking Up

GRAINS: December corn futures closed down 2 cents at $3.54 today. Prices closed nearer the session low today after hitting a seven-week high early on. The corn bulls have made good headway recently to suggest a “harvest low” is in place. Prices are in a three-week-old uptrend on the daily bar chart. However, the corn bulls still have work to do to suggest the fledgling uptrend can be...

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Remember Our Lessons Already Learned

Ahhhh …. Life is normal again, and it feels right. In today’s sense of normalcy, a learned lesson or two in life resides. One of those is familiar to me from repetition in my childhood and the other I am just starting to learn through repetition. Yesterday, I just “relearned” the latter. My computer is working. Yup, the same one I gave up on yesterday is the same one I fixed yesterday. I...

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December ICE Coffee Futures: Trading Idea October 22, 2014

December ICE coffee futures a selling opportunity on more price weakness. See on the daily bar chart for December coffee futures that prices are in a steep swoon as the bears have quickly gained downside technical momentum. A move below chart support at Tuesday’s low of $1.9500 would give the bears better downside momentum and it would also become a selling opportunity. The downside price...

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Trading Psychology: Stay Calm When The Fastballs Fly

Trading Psychology: Stay Calm When The Fastballs Fly

A client of mine sent me a bio yesterday on Rod Dedeaux, who was the baseball coach for USC for 45 seasons. Dedeaux was a legendary leader, chalking up more national titles and wins (1332) than any other coach of his day. 200 of his players went on to play professional ball. Dedeaux neither lost his temper nor disrespected or denigrated anyone. He cultivated the ability to befriend,...

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Gold Bulls Could Pause Ahead Of Fed Meeting

Gold Bulls Could Pause Ahead Of Fed Meeting

The gold market has posted impressive price action in the past few weeks in the face of a rising U.S. dollar and in this week's case a major rebound in U.S. stock indices. See Figure 1 below. The gold market made a double bottom a few weeks back at the $1182-83 area from last December. Gold’s rebound, in my view, is largely due to safe-haven buying due to the lack in confidence in fiat...

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Don't Get Trapped By Stop Hunters: How To Survive The Head Fake

Don't Get Trapped By Stop Hunters: How To Survive The Head Fake

Have you ever been in a trade that was a textbook setup and you thought you landed a great trade when all of a sudden it hit your stop, took you out and then it worked and hit your target?   I am sure you felt a bit of unsettled emotions as this played out before you on your trading screens at your desk.  As a trader you have to get smarter and learn from these little tricks the big boys do...

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Alibaba: Look For The "Shake And Bake" Setup

Alibaba: Look For The "Shake And Bake" Setup

It was "the" IPO to own this year.You know how you get those "Oriental Trading" magazines in the mail? Where you can buy 250 bouncy balls for 5 bucks?Alibaba is like that, except on a massive scale.And after all that IPO hype, the stock ran from 100 the first day it traded and has fallen into a range since.This chart is a classic IPO base and break pattern. 90 is an obvious level that if...

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U.S. Stocks: The 4-day Trend Is Clearly Pointing Up, But...

The S&P 500 Composite Index (SPX: 1,941.28, up 1.98%) rose for the 4th consecutive trading day and finished above its closing prices of the previous 8 trading days on Tuesday. SPX now has recovered most of its loss from 9/19/14 to 10/15/14. SPX crossed above its 200-day SMA but remains below its 50-day SMA, now at 1,966.81. The 4-day trend is clearly pointing up, but the larger trends...

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Livestock Futures Bulls Hanging Tough

LIVESTOCK: December live cattle closed down $1.20 at166.82 today. Prices poked to a new contract high but thenimmediately backed off to close solidly lower and near thesession low. Now, a bearish double-top reversal pattern maybe developing on the daily bar chart. Good follow-throughselling on Wednesday would better suggest such. Bulls stillhave the firm near-term technical advantage. Still,...

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U.S. Stock Index Bulls Regain Upside Momentum

*OVERNIGHT DEVELOPMENTS* The feature in the market place this week has been the sharprebound in the U.S. stock market, following last week’s bigdownside debacle. Several pundits are now proclaiming marketbottoms are in place for the U.S. stock indexes. Mostlyupbeat U.S. corporate earnings reports are adding to a“risk-on” mentality among traders and investors this week.Short covering in the...

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