(EUR/USD) has corrected “too much”, and this break in rhythm we believe will lead to a head and shoulders type reversal. It’s time to trail protective stop loss orders once again, and be proactive to take the rest of the profit if price can rally back up to retest the blue zone. This disappointing follow…
The S&P 500 index proxy (SPY) is currently digesting its recent drop. The odds are muddy, and we are seeing only a 60% chance for a breakdown at this time. Our forecast is for the market to retest the lows, then rally back to begin forming a range on the daily chart. We will wait…
Goldman Sachs (NYSE:GS) followed the markets into a violent wave of selling, and offered any number of great places to exit with a profit.
(EUR/USD) has more than exceeded our profit targets as it followed through on the forecast from last week. Time to trail stops to break-even and let this new uptrend “breath”.
JP Morgan Chase (JPM) flash-crashed hard and paid us nicely for holding on to partials in the position.
The S&P 500 index proxy (SPY) has broken down out of its range with a vengeance. This sets the stage for a more serious shift into a bear market, but there is always a chance of another Fed bailout. Our forecast is for price to rally a bit, then turn lower for a retest and…
The S&P 500 index proxy (SPY) is still lost within its range. For deeper time-frame investor/traders, the odds picture remains muddy and now seems like a good time to keep your powder dry. For intra-day traders, there is small time-frame bullish power which we forecast will offer some good short term upward trends intra-day.
WallMart (NYSE:WMT) failed to form a double bottom, and this failure to “set up” has taken this stock off our radar at this time.
JP Morgan Chase (JPM) met our initial profit objective as the blue zone was tested. Now, stops could be trailed above the range in the $69.50 area as the bearish power has grown nicely. We forecast that a lower high will form and this will give the market the confirmation it needs to confirm a…
(EUR/USD) has triggered the inverse head and shoulders reversal pattern as described in the previous forecast. Now, we forecast that the bullish acceleration will continue as this market breaks free from resistance.
