Author: Scott Hoffman

Gold has had a huge rally today, exploding into new contract highs.  Pattern watchers could have recognized the setup that led to this move today; breakout traders could profit from this move. (For more on breakout trading,...

Thin holiday markets pushed the USD through support and turned its selloff into a rout.  Investors continue to pour money into risk assets.  For today there’s optimism about the economic recovery; the drop in...

It’s time for a look at crude oil futures.  It seems to have a good chart lesson every other day, and the weekly crude inventory reports from the EIA are out tomorrow morning.  Let’s see what it’s up...

US Q3 GDP was revised downward to 2.8%.  Much of the growth is attributed to government stimulus; there are growing concerns about how the economy will do when the government starts to withdraw it. Shanghai stocks were down...

I was scanning headlines somewhere, either in a Twitter feed or Finviz (a news and blog aggregator here) this morning. Someone had a story with a lead that said something like “With today’s higher open, let’s...

The markets have been nothing if not choppy lately-up one day, down the next.  To some, it seems like there’s been no rhyme or reason lately. It’s periods like this that the Taylor Technique can really shine....

Happy days are here again!  A good Eurozone PMI report and dovish comments from the presidents of the Chicago and St. Louis Fed are driving today’s trade.  This pushed down the USD, rallying commodities and...

I got an email from a trader who read my blog post on crude Oil futures today.  He knows some about the Taylor Technique and Linda Raschke’s ideas, and I had sent him some additional writing on implementing the TT....

Crude oil has been in a sideways to lower pattern for the past month after October’s big rally. That rally took January Crude Oil futures over the 8/6 high of 77.45 (not shown on the chart below); that area is evidence of...