Author: Scott Hoffman

Friday the 13th for those of you that are superstitious. Stocks are slightly higher and the Dollar is slightly lower after a good Eurozone GDP report.  This could be an important day; if traders get the idea that the double...

By the Taylor technique, today was a “sell short” day in gold futures.  I won’t go into all the background of the TT, but the gist of it is to figure the short term rhythm of a market to find...

Stocks are lower.  I didn’t catch any really big overnight news.  If you look at recent activity this should be a surprise.  S&Ps had six consecutive higher closes, a rare occurrence.  They also...

It’s Veteran’s day, so trading may be thin.  Stocks are higher; S&Ps and the NASDAQ took out their October highs.  Overnight there was strong factory data from China and comments from Fed officials...

Overnight it was reported that German investor sentiment fell.  This is helping the dollar a bit.  Reuters quoted a Fitch report that “the UK is most at risk of losing AAA status among major...

The eMini S&P futures have been especially illustrative of following the rhythm of the markets for trading.  In previous posts I wrote about breakout setups on Tuesday and Wednesday of last week leading to...

Over the weekend the G-20 finance ministers met; they agreed that government stimulus programs should continue, and said nothing about weakness in the Dollar or other imbalances.  As a result, the green light is still on...

I wrote about the S&Ps this morning; by the Taylor Technique today had a “sell short setup. On a Sell Short day, we’re looking for some variation of a test or penetration of the previous day’s high, a...

According to the Taylor three day cycle, today should be a “sell short day” for the S&Ps.  Taylor believed that markets were run by insiders, who would run the markets up and down.  I don’t know...

A drop in jobless claims put a bit more wind in the sails for stocks; which had already rallied this morning.  The ECB and BoE met; there were no surprises out of either.  There’s no other news out today;...