Author: Scott Hoffman

There’s fear in the air today, both over the European sovereign debt issue and the US debt ceiling food fight.  There is skepticism over the EU bank stress tests; both JPM and ABN did their own studies that showed...

There’s a spoof version of a motivational poster with a picture of a mousetrap.  The caption is “The early bird gets the worm but the second mouse gets the cheese”.  This morning there was a trade in...

Markets followed through on weakness from Friday’s NFP inspired drop. Optimism over a potential debt ceiling / budget cut deal is fading as Obama, Congressional Democrats and Congressional GOP leadership can’t agree...

In last night’s Swing Trader’s Insight update my comment for the stock indices was “exit breakout buys, Sell Short day”.  I had a new follower ask me how I approached it this morning; rather than...

This morning I got a call from a self-directed client.  I generally don’t offer unsolicited advice for DIY traders unless they’re doing something blatantly dangerous or if I’m dead sure they’re...

Chinese stocks were a shade higher in spite of a spate of  bearish news –  a weak services PMI report, talk that high CPI would prompt another rate increase (possibly by this weekend) and a report from...

I was watching crude oil futures this morning.  There was a breakout setup and this week’s rally was stalling at resistance around last week’s high at 95.70. To go along with that, this week’s rally left...

The Greek vote on the new austerity plan was this morning.  This was the market’s fundamental focus for today – if the austerity plan was rejected (an unlikely event) it would have had a dramatic effect on the...

It was kind of slim pickings for Taylor Trading Technique (TTT) setups for futures trades today.  Yesterday saw a lot of markets rally out of Buy day setups, which left a bunch of markets on Sell days today.  As I...

A number of the “risk on” markets had big selloffs last week.  Stocks, some of the currency futures and physical commodities had down days on Thursday.  The Taylor Trading Technique tells us to anticipate a...