IWM is the exchange traded fund that tracks the Russell 2000 index. (NYSE:IWM) This index acts as a proxy for the smaller business in the US that don’t have the big international cash flows that many of the corporations in the SPY have. We are seeing all the signs of a deep cyclical top in…
The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. We are in an area where a sustainable top can form, but the action is extremely slow and the top will likely be as well. We will on the sidelines for this index until that bullish energy can dissipate and the…
Many investors believe that the markets are a dangerous and scary place… A dark jungle, filled with risks and dangers around every corner… They can point to experiences where they invested and lost a LOT more money than they ever thought was possible when they initially entered the position…
I ran across this YouTube video from an old news series on “being a commodities trader”…. What a lot of fun to see the open outcry pits in action and to see how they portray the “crazy gamblers” they interviewed. How things have changed… From a dirty, smelly, loud analog human interactive experience, we now…
As I work with traders at every stage of their development over the years, a clear pattern began to emerge… There are 6 basic stages a trader passes though as they go from total beginner to market master… See if you can recognize the stages you have experienced in your path to this point, and…
The Forex market was the darling of the scammy marketers for a while after it went mainstream… I think this brought a lot of wanna-be’s to the market with the false belief that this was a no-work pathway to instant riches… There is of course the opportunity to generate unlimited wealth as a Forex trader,…
While the 3D Apex Trading Methodology® works equally well in all asset classes, the Foreign Exchange, F/X or Forex market is what we suggest that people start with… It is a 24 hour market, so a trader who is learning can come home after a 9-5 job and trade in the evenings… It has the…
The S&P 500 index proxy (SPY) continues to trade without sponsorship and the odds are about 55/45 at this time. There is a slight bias towards a bullish breakout, but nothing that would attract us to this market. We were expecting to be able to take short exposure this week, but our indicators never lined…
Joy Global (NYSE:JOY) has now twice come down near to our green zones and failed to trigger an entry. The last failure puts us into a lower odds scenario, and for this reason we have canceled JOY as a valid trading opportunity for the time being.
