My Trade or Fade futures advisory is a breakout trading service; I thought I’d go discuss breakout patterns and trades in a more general way, for those that want to learn about breakout trading-how to recognize and trade...
Read MoreThe FOMC meeting statement caused an unprecedented move in the Treasury markets. The Fed’s declaration that they would buy $300 billion in Treasuries over the next six months set off the most violent rally in...
Read MoreYesterday I did a webinar (I don’t like that word, but no one has come with anything better) about my Swing Trader’s Insight futures newsletter.I recorded it; you can view it here:...
Read MoreBrett Steenbarger is a great blogger.He consistently comes up with posts that are useful for explaining and clarifying various aspects of trading.I worry that when my comments include support and resistance levels, they end up...
Read MoreCPI was benign, although the core rate was slightly higher than expected.Crude inventories are out at 9:30, but we’re really just waiting for the announcement from the FOMC meeting; that’s due at 1:15.The chairman of...
Read MoreHousing starts were taken as bullish for stocks, and after a slow start they are rallying.The problem with the markets has been a crisis of confidence.As we move forward, we will be comparing the economy to increasingly weak...
Read MorePPI was about as expected, although the core rate looked high.Housing starts and permits were actually pretty good, if my quick look was accurate. Some of the gain is probably weather related, but comparisons are lower now. The...
Read MoreStocks are higher, building on early morning gains. The NASDAQ overcame an intraday dip and is now slightly higher on the day.Crude oil regained early losses from the OPEC meeting. June S&P:Took out resistance at 766.25 and...
Read MoreMany of the financial markets had a quiet session Friday, namely stock index futures and many of the currencies There were lots of narrow range days and range contraction’ in addition, many currencies also had doji bars...
Read MoreTomorrow I’ll be doing a live web seminar, going through the logic and setups of my Swing trader’s Insight newsletter, and applying the setups to today’s markets. These webinars usually run about 45 minutes,...
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