I was born 20 years too late… When I first got bitten by the market bug in the early 90’s… I started off as many do with the culturally accepted and “conservative” fundamental analysis approach to stock market investment. It took a few years, but I began to realize that this “buy and hope” style…
Let’s examine a classic bell curve… Then think about the top 1% “tail” at each extreme in terms of trading and investing profits…
OIL is the ETF that follows the price of West Texas Intermediate Crude. After a cycle failure a few weeks ago, this market is offering another long opportunity. We are forecasting a push higher in prices that should take us up to the $6.40-$6.60 area…
Qualcomm (NASDAQ:QCOM) has formed a sustained pennant pattern on its daily chart. Our forecast shows that the bullish pressure has risen to a level that should produce a breakout to the upside.
The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. The grinding bullish power continues to push price higher and is starting to attract breakout players. This new constituency is likely to fuel the bullish move for one more leg, and we will remain on the sidelines until we see the…
One of the toughest concepts for people to grasp… Is how we can achieve such consistent high win rates in a market that the rest of the trading world universally declares as “terrible”. The secret is simple…
In poker terminology, a “leak” is a error in behavior that causes you to “leak” your winnings from previous gains back into the pot. One of the most common leaks I have seen throughout my career as a trading tutor, mentor and edge consultant is the misunderstanding of how position sizing affects account volatility and…
When I saw this line in a recent article from the Wall Street Journal I was a bit shocked! “With one big exception I’ll discuss later, trading is dying…It’s not coming back, guys, so maybe you should learn a useful trade like being a plumber or electrician. I’m serious.” You can READ THE ARTICLE HERE,…
SLV (NYSE:SLV) is the ETF that tracks the price of Silver. This market has rallied substantially since our initial call, and looks poised to move even higher after a correction can form.
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…
