Yesterday I wrote the first of a series of articles on breakout patterns for futures trading-you can read that post here. I was writing the second installment this afternoon, then got to doing my afternoon chart review.There was...
Read MoreIrwin Kellner had an interesting story on the Marketwatch web site today, listing 21 reasons he believes that the recession is coming to an end. I’m not going to critique it line by line, nor do I think it’s perfect,...
Read MoreBernanke really hasn’t said anything to buoy the markets. He said that the recession will end when the banks and credit markets stabilize (boy, I could have said that!). March S&P:Quiet day. There’s been a...
Read MoreBernanke’s testimony to the House Banking committee begins at 9 AM Central.I’m not sure there’s much he can say to bolster investor confidence.The Obama administration may have high approval ratings, but the...
Read MoreIf you view this blog in Internet Explorer, you’re not getting the whole picture! The WordPress code for the blog is causing Internet Explorer to not render the page properly. For the moment, I’ve disabled the tag...
Read MoreI have a set procedure to analyze a market.I’m a swing trader, so generally I’m looking for an opportunity to buy a break in an up trending market, or sell a rally in a down trending market.If it appears that a trend...
Read MoreStocks are lower as early optimism faded.The Obama administration still hasn’t provided any concrete details about their plan for the financial markets; this is pressuring financials. March S&P:Failed at Friday’s...
Read MoreGold futures had a great rally on Friday, aided by a lack of confidence in government bailout and stabilization plans of all stripes.This saw April gold rally to a new high for this move, and within sight of th all time high of...
Read MoreThere are no economic releases of consequence today.Stocks are supported by hopes the banking sector will stabilize-the WSJ is reporting that the US government will increase its control of Citigroup. March NASDAQ:Doji bar...
Read MoreThe EuroFX futures have been in a downtrend for 2009.Is the trend for the Euro turning? I’m torn.The Euro closed above the resistance line drawn across the highs, hinting at an upturn. On the other hand, momentum isgiving...
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