Building upon previous weeks articles, gold is finally making that long-awaited correction and it may continue for another day on Thursday as margin rates were increased. Gold has been an extreme fear trade the past few weeks...
Read MoreAs some of you who can not make it to the live-chat have requested, I will try to make regular updates to my current positions on this forum thread. Hope this helps. Good luck out there, Mike
Read MoreFor those who follow me, you know I’m not a fan of most anyone who gives their bull or bear story on CNBC. Most of these individuals have a bias which means you are likely only receiving partial truths, if any. These...
Read MoreYet another week I can not discuss a specific stock or chart that is showing an edge to capitalize on. Stock picking is irrelevant in a market as such. If the overall market is green, odds are all your stocks are green and vice...
Read MoreLast week was one of the wildest week’s I can recall in my history of trading. One day we were up large and the next day we were being punished by the bears. Holding overnight has increased the blood pressure of many if...
Read MoreA strong close on Tuesday gave the bulls a sense of relief and optimism for Wednesday. Then more negative Euro news ensured the bulls could not continue the run as we gapped-down to start Wednesday. The bulls made an attempt...
Read MoreAs discussed in the trade of the week, cash was king today if you were a bull and index shorts were large winners. If you followed my trade in ProShares UltraShort Russell2000 (TWM), you’d be up around 18% today. Not bad...
Read MoreThis trade of the week will be a little bit different than previous ones. The market is in a very uncertain position. Bulls are trapped under heavy pressure and the bears have significant profits to protect, so we...
Read MoreDue to some time constraints this week, I’ve been unable to update as frequently as previous weeks. One of these days, I’ll figure out how to update the site from my phone. I do want to get out a quick...
Read MoreThis week’s trade of the week is likely to be another tough one if the politicians can not come to a helpful solution and bipartisan agreement to our debt ceiling situation. Last week was very bearish with little...
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