Long watchlist tonight so it gets broken up into 2 parts. Hopefully one more day of chop and low volume until we return again on Tuesday. Been a tough week of trading. What we see working is a lot of momo stocks. Stocks running...
Read MoreOil is up 9.1% Year-to-date, as shown on the first graph below (courtesy of www.Stockcharts.com). The second Year-to-date graph below shows that Oil is at resistance, while Gold is just above support, and Copper is in in a...
Read MoreAnother time-out from my mini-holiday to slip this in:Data released pre-market today showed a drop in European Money Supply, as shown on the graph below (courtesy of www.forexfactory.com). As can be seen, the total quantity of...
Read MoreA quick time-out from my mini-holiday to report this…Data released today showed a further drop in the Swiss economy, as shown on the graph below (courtesy of www.forexfactory.com). It’s a combined reading of 12...
Read MoreEconomic Reports Due out (Times are EST): No Major Economic Data Premarket Update (Updated 8am eastern): Futures are positive this morning European markets are mixed with Britian up 0.63%, Germany down 0.02%, and France up 0.51%...
Read MoreEconomic Reports Due out (Times are EST): Case-Shiller Index due at 9:00am ET Consumer Confidence Index and Richmond Fed Index to report at 10:00am ET Dallas Fed Manufacturing Index is due at 10:30am ET Premarket Update (Updated...
Read MoreWe might be above the 200 day moving average but we are not out of the woods yet. Thus far we have not been able to hold above that level. We’ve also had a big run up in the last couple of days. We could see some selling...
Read MoreBelow are 3 Daily chartgrids of the following (first I’ll show a series of charts, then provide some general comments and a summation at the end of this post): 3 Dows DBC (Commodities ETF) and AUD/USD DBA (Agricultural...
Read MoreBelow are a series of chartgrids of the YM, ES, NQ & TF. I’ll provide a bit of commentary on each.Year-to-date Weekly charts: Each e-mini futures index is either at or near a resistance confluence of price plus...
Read MoreOne of the people on our trading network, posted a new short position in KB Homes (KBH) and I think he’ll really like how this one turns out for him. The stock is coming out of a slightly upward trading range, and is...
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