Author: Scott Hoffman

By the Taylor Technique today is a Sell Short day in the stock index futures.  While we normally use the previous session high as the reference price for the short sale point, understanding why we use that chart point can...

Friday’s news about Goldman continued to weigh on the markets last night, as did the Icelandic volcano.  Chinese stocks, especially real estate firms, fell after the government announced what were described as...

An aid package for Greece was announced for Greece over the weekend, with the money coming from the EU and the IMF.  This caused a rally in stocks and commodities and pushed down the Dollar.  The euphoria has faded as...

Between the US markets being closed (mostly) on Friday and Europe being closed today, markets a little foggy today.  The FOMC is holding an emergency meeting to discuss the discount rate; an interesting move.  The...

This morning I sent out a ‘Tweet’ pointing out that the last swing high on the daily chart for the June eMini S&P was 1176.50.  This turned out to be useful information; let’s take a look at...

The Dollar is lower and the Euro is higher over optimism about the Irish bank plan.  For now it appears that the contagion may not be spreading beyond Greece and Portugal.  Euro-zone CPI was higher than expected as...

I just finished reading The Quants – good book on the personalities behind the heavyweights of quantitative finance and HFT type trading.  It’s an interesting story about how even the smartest minds make the...

Last night started out with a strong retail sales report from Japan, giving hope that Japan’s economy may eventually come back from the abyss.  This morning we got good economic news from Europe-economic sentiment and...

Overnight there were comments from PBOC members about the Yuan; both essentially said that China would look to adjust the Yuan as appropriate, possibly by allow it to float, rather than a drastic change to the peg.  On the...

Today provided a great example of the Taylor Trading Technique at work; it also reinforced my bias for use of technical analysis over fundamental as a basis for decision making in trading.  Equities have had a spate of bad...