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…
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,…
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.
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…
