Archived Q&A 3/30/2016
JOY Forecast 3/29/16
Joy Global (NYSE:JOY) is a company that builds and supports the heavy equipment industry in the mining sector. The stock is now undergoing a counter cyclical re-tracement which we have been stalking for a buy signal. With the odds as they are now, we would expect price to drop down near the $14 per share…
OIL Forecast 3/29/16
The proxy that follows the price of West Texas Intermediate Crude (NYSE:OIL) failed to meet our price objectives and has pulled back as we were expecting. If you were watching intra-day, it gave some clear exit signals, but for those watching on a once a week level, we have amended the green and blue…
SPY Forecast 3/29/16
The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. The bullish power we discussed last week pushed prices higher as forecast, and now we are nearing the levels where a sustainable top can form. We will on the sidelines for this index until that bullish energy can dissipate and…
Are You Being Patient Enough?
Patience… So easy to talk about, but so hard to embrace… Here is how to fix it…
They Say You Can’t Time The Markets…
They say that the market is a random walk… They are DEAD WRONG!
Larry Hite On Risk Control
Larry Hite Co-founded Mint Investments in 1981… He “discovered” commodity trading when he read an article about the business in Playboy magazine… He reached out to a neighbor who was a commodity broker who told Hite that if he started with $2,000, he could make $1,000 a day by actively trading.
What if You Could Avoid Setbacks?
Everybody who has ever tried their hand at trading or investing will have had some stunning winners… The problem is that they also have a bunch of stunning losers which take back their profits before they have time to spend or enjoy them!
SPY Forecast 3/22/16
The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. The bullish power has begun to degrade, but there is still plenty left to push prices up to another new high within this rally. We remain on the sidelines for this index until that bullish energy can dissipate.
OIL Forecast 3/22/16
The proxy that follows the price of West Texas Intermediate Crude (NYSE:OIL) came up just .10 shy of our profit zone. Now, the odds are shifting away from that area and we are more likely to see a correction form. We believe that rather than get stuck in this trade for another few weeks,…