The markets are random… Trading is a socially acceptable form of gambling… You can’t time the markets… Three of the most destructive false beliefs that many have about the world’s financial markets. I am going to DESTROY THEM ALL in this article!
Let me ask you a question… How many times have you made a plan… Built a clear pathway to a desired outcome… And… Kept to that plan?
The Vanguard Total Bond Market ETF (NYSE:BND) is an instrument we used as a proxy for the Federal Reserve a few weeks back. We forecast that prices would move up, indicating that the sentiment from the trading community was that the Fed would either stand pat or lower rates. This highlights an usual correlation between…
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…
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…
