Crude continues to behave very bearish since it has broken down through it’s neckline from it’s reverse head and shoulders. The volume on the head and right shoulder suggest that distribution is going on here....
Read MoreThe following is by Karen Starich, who uses astrology to forecast events in the markets. Her unique insights will provide an alternative view to the markets with a focus on the precious metals sector. I just caught...
Read MoreIn the video below I discuss how far I think this bear market rally has to go. It could move as high as 11900 on the Dow, which would coincide with the 10day moving average also, but that would be a absolute best case scenario...
Read MoreI’m going to hold off doing a video tonight as I’m seeing some conflicting signals for the short term on the U.S. markets and think there’s a small chance that we rally a little more before eventually falling....
Read More5-yr gold weekly (click for chart) The chart is too big to upload the chart because it’s important to look at the history. Reasons why I’m short term bearish are as follows: Outside upper channel and candle has long...
Read MoreThe following is a book review by Stephen Burns, who is a trend follower that specializes in momentum trading utilizing the Darvas System. Strategies for Big Winners Michael Covel has spent over a decade making trend trading...
Read MoreHere is an interview from Wednesday on Market Playground where I talk about current market conditions and my particular trade style. Fast forward to minute 42 to skip over the first interview with Murray Arenson, BGB Securities...
Read MoreTrading has been absolutely wild lately. Every other day this week we’ve seen massive 90% plus upside and downside volume days every other day. Today saw 96% of today’s volume on the upside and on Tuesday it was 98%...
Read MoreThe following is a guest post by John Douglas, who enjoys intelligent discussions around writing and focuses on portfolio enhancement through options. TIME IS ON YOUR SIDE “Time is on my side, yes it is…You’ll...
Read MoreThere is absolutely no way to misinterpret this chart. It’s as bearish as it gets and today reminded us why dip buying is a fool’s game. Link to the video from a few weeks ago I mention within tonight’s video....
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