Bears Follow Through
While I’m not about to declare victory for this timing call, today the bears made great progress towards this market having a proper correction. Now one must define what a “proper” correction is. I...
Read MoreAuthor: Jeff Pierce
Lower Highs to Become the Trend?
Lower highs and the ability of a market to hold a gap up are signs that a trend is weakening. Be aware of this as the 1st day of the month has been traditionally bullish as of late. “Our research indicated that...
Read MoreThe Allure of Investing Overseas Must Be Tempered By Forex Exposures
The complexion of investing has changed greatly over the past decade as new mediums have grabbed the stage and the barriers to capital flows have been dropped all across the globe. Capital will always seek out higher...
Read MoreLack of Quality Long Setups
The Nasdaq’s pattern is at a crossroads and while it appears to be bearish at this moment it wouldn’t take to big of a push to the upside to make yearly highs. Prudence is required as tomorrow is the first of the...
Read MoreWhat to Read Over Monday Coffee
Near Trading System Testibility – “Testability is, in my opinion, the single most important requirement of a trading system design” Still Expect 2nd Leg Down- The mettle of this pullback will be tested on the...
Read MoreScan Criteria For Sector Winners
StrategyDesk is a cool piece of software from Ameritrade where you can create all kinds of customized scans. One such bullish scan that I’ve created is to try and identify sectors that are experiencing large daily moves,...
Read MoreWhen to Exit Your Contra Positions
If you joined me on the short side and you want a possible suggestion for a stop, use the line that I’ve drawn for each chart below. There definitely was some interest in these contra ETF’s when the markets...
Read MoreBears Must Keep Momentum Going
If this bearish timing signal that I received this week is going to work out I feel that it has to happen soon to keep the downside momentum going. So far the selling volume on the Nasdaq has been very high while Friday when the...
Read MoreWall Street: The Other Las Vegas
The following is a book review by Stephen Burns. I spent $150 on Wall Street: The Other Las Vegas to buy it used before this new version was published, and I have zero regrets about paying a premium to own this book. After...
Read MoreGo Bruins Go! – Champions!
Update: We Won! Britannia completed an amazing season by defeating a team that has had their number all year. They scored the first bucket of the game and never relinquished that lead for the entire game. What is amazing about...
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