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Showing Posts 1 - 15 out of 25 found.

8 Ways Traders Can Make Sense of Social Media "Noise"

8 Ways Traders Can Make Sense of Social Media "Noise"

Considering the average trader, advisor, and investor has a slew of information to sift through on a daily basis, one of the key components is to have the capability of understanding  the concept of usable information versus bits of useless data.  The most dynamic aspects to any trading day or week for any professional or part time market participants is spending the time to isolate elements...

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Is Crude Oil Finally Poised To Bounce?

Is Crude Oil Finally Poised To Bounce?

 March Crude Oil made another new low today as it continues its march lower. Reuters reported that Phillips 66 dumped crude oil for immediate delivery on Wednesday signaling a worsening oversupply situation in Cushing, Oklahoma. Futures responded by trading below the 27.00 level, declining to 26.22, before a short covering rally into the start of Fed Chair Janet Yellen’s testimony before the...

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Bad Habits

Bad Habits

Based on a simple trend following method I recently outlined for Trader Planet readers using the monthly chart of the S&P 500 (with a trend line and a 13-ema), U.S. equities have entered a confirmed bear market. The problem isn’t just that. Most bourses worldwide are already down more than 20% from their peaks. Not just mendacious China, but Germany, France, Japan, the U.K., plus the...

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Traders: Brace Yourself For Sustained Volatility

Traders: Brace Yourself For Sustained Volatility

To what extent will volatility continue in to February? Market participants remain uncertain.  Numerous indicators point to some level of sustained volatility including price fluctuations in oil, US dollar and other major currencies, macro-economic gauges, and the ever present political climate leading up to the presidential election in the US. Traders and active investors have certainly had...

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Why Do You Trade?

Why Do You Trade?

Let’s be honest: only a very small number of adventurous individuals would ever think that active trading is a reasonable way to make a living, support a family or manage one’s retirement assets. But when I interview struggling traders they are usually quite convinced that trading is a reasonable venture to undertake and real success, while elusive, is just around the corner. There is a...

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Get Started With Candlesticks Now

Get Started With Candlesticks Now

Hey Traders! It’s me. I get asked quite often to create one of these. Well, here you go!       If you want more candlestick insight, check out this video on youtube I made a few weeks back. 

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Yen Trades Favor A Nimble Countertrend Approach

Yen Trades Favor A Nimble Countertrend Approach

With the U.S. Dollar possibly ready to decline into spring, as we described in an earlier post at TraderPlanet, the next few months should offer a favorable environment for long trades in paired currencies. Just as the larger trend with the Dollar is upward, Yen/Dollar futures have been trading downward in a pattern we have been writing about since 2011. However, between now and...

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The Psychology of Bear Markets

The Psychology of Bear Markets

Are we in a bear market yet? Not as of yesterday, but possibly as of tomorrow’s close, which will mark the end of the month. Both weekly and monthly closes are carefully watched by hedge funds and institutions, respectively. In simple technical terms, a bear market will begin if the S&P 500 (SPY) closes below the 13-ema on a monthly chart, with a broken multi-year uptrend line. For...

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Could China Officially Devalue in Front of the Lunar New Year?

Could China Officially Devalue in Front of the Lunar New Year?

Last week I suggesting playing Canada dollar from the long side, looking at CDH 71/73 call spread for 22 ref 68.64.  Yesterday, CDH6 settled 71.01 and the call spread settled 68.  So far so good.  Though not quite at ultimate target, I might take partial profit on this play. No recommendations today, just a general summary of some larger themes.  Oil is making an attempt to bottom and the...

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Stocks Down 10% To Start The Year, What's Next?

Stocks Down 10% To Start The Year, What's Next?

The S&P 500, the large-cap index of US stocks, has had a terrible year so far, down about 10% since the start of 2016. So when it bounced, just a little, last Thursday and Friday, you could almost hear Wall Street inhaling hope like a junkie hitting a crack pipe. Hope, as they say, springs eternal in the human breast, even those that inhabit the counting houses of Manhattan, now buried...

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A Small World in a Bear Market

A Small World in a Bear Market

If you are looking for a technical silver lining amidst the recent carnage, the S&P 500 has bounced off its 200-week moving average. That is an important level and I’m glad to report it was respected this week. Whew! Want more good news? Although the S&P 500 is down about 12.6% from its May 2015 all-time high, the rest of the world is faring much worse. Most European indices topped...

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Why Do You Want to Trade for a Living?

Why Do You Want to Trade for a Living?

It’s finally good to be back after a long break travelling through the South Americas for the past two months. It is these breaks which remind you of why you trade and invest for a living. For me, it has never been about making the most money possible and buying all the toys one can buy. Frankly, luxury sports cars, fancy big mansions, jewellery etc. don’t excite me. But new life experiences...

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Australian Stocks ETF Approaching A Pause In Its Decline

Australian Stocks ETF Approaching A Pause In Its Decline

Although it is not easy to trade China's capital markets from outside of China, some traders have taken to using Australian stocks as a proxy. On weekly and monthly time frames, short positions have done well since early 2014. Here we examine the decline in the iShares MSCI Australia ETF (symbol EWA), the holdings of which include shares of 78 large and mid-sized companies in Australia. On...

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The Crude-Canada Dollar Connection: Buy Loonie Call Spread

The Crude-Canada Dollar Connection: Buy Loonie Call Spread

The chart below is the front (rolling) crude oil contract overlaid on the Canadian dollar future.  Clearly correlated.  Obviously, many currencies have traded in lockstep with crude oil and other commodities as the USD has rallied.  The Canadian Dollar has not only suffered because of the oil bust in Calgary, but has likely seen declines in some of the money flows from Asia.  The question...

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SPX: Technical Indicators Say This Market Will Drop Further

SPX: Technical Indicators Say This Market Will Drop Further

2016 been a terrible year so far. But our analysis of the technical indicators says it is going to get worse. Maybe much worse. The large-cap index, the S&P500 (SPX) traded below last year’s low in intraday trading on Friday and again yesterday (Tuesday). Both times the market managed to recover enough to close above 1859-60, which is the critical support area. (The SPX closed at 1881.33...

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