I nearly forgot a key part of this analysis, which is the position of the RSI this time verses the May 10′ Flash Crash corrective period. Given the market was coming from a “position of power” the RSI was able to stay above the...
Read MoreIt’s no wonder why I never pay attention to the media. It’s designed to stir up emotions and cause you to act out of character. Hat tip to fellow zentrader reader Dave for sending me this pic from our nation’s capital. I’m a...
Read MoreCrazy day. Haven’t even looked around the blogosphere to see what others are say…probably all the same about how it’s best to stay in cash but one strategy isn’t best for all. It’s times like these that we’re either going to get...
Read MoreIt appears that I was a day early in covering the last of my shorts but I’m not complaining….much. In all seriousness, it was a blast today to watch the market activity from a 98% cash position and not have to worry about what I...
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. Watch CORN for a breakout...
Read MoreToday’s volume on the Nasdaq appears to be large enough for the intraday flush that a short term bottom could stick. Another positive is that the indexed rebounded in bullish fashion after falling below the up-sloping trendline...
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. Japan could very likely...
Read MoreDon’t let the title of the video/post fool you. For the most part I’m expecting a bounce as I’ve covered many of my short positions, but will be looking to reposition on the short side on any intraday bounces. I’ll be watching...
Read MoreAfter a rather predictable ebb and flow upward, it appears the Swiss Franc (FXF) has gone on a climax run with it’s break of the channel on massive volume. Currencies trusts are difficult to chart and I see a breakdown after a...
Read MoreLong – Short – Cash…a trade is a trade to me. However, until I see some improvement in the charts and some leading stocks breaking out, I just don’t see any reason to go long here. Not even for a swing trade as every day that...
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