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Showing Posts 1 - 4 out of 4 found.

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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ETF Watch: Biotech On The Bid (IBB)

ETF Watch: Biotech On The Bid (IBB)

About 3 weeks ago I wrote an article for Trader Planet entitled: Bye Bye Biotech, with an immediate target for the main Biotech ETF (IBB) of $250 and a 12-18 month target of $175 and then $150. This week IBB hit my first target (the low was $251) and has paused at its Volume Profile Point of Control (VPPOC) at $260. Interestingly the Nasdaq itself is also at its VPPOC (750 day lookback)....

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Will History Repeat?

Will History Repeat?

There is no question January 2016 has been one of the worst months in recent memory.  Volatility is high, investors/traders are on edge and wondering if the weight of poor economic growth, a hawkish Fed and surprise news from overseas dropping like scud missiles in our backyard.  If you have been long this market, it hasn't been fun.  However, we might see a change coming soon.  Reason?  The...

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As Year-End Nears: Consider A "Wash Sale"

As Year-End Nears: Consider A "Wash Sale"

You may or may not have heard of the term “wash sale”.  A “wash sale”, according to Wikipedia, involves “dumping securities that are now worth less than you paid for them, taking the loss for tax purposes, and then buying them back immediately at the low cost. The IRS is wise to that old shell game. It is illegal. Don't do it.” Most people think that this rule only pertains to stocks. Notice...

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