The Eurodollar vs. The U.S. Dollar (EUR/USD) is likely to reach down into areas of support, but at this time the odds for where it is likely to reverse is muddy. For this reason, we are establishing our coverage of this market with only a two diamond rating…
Our outlook for gold is very uncertain as this market is quite dull and lacking energy. We have a slight short term bullish bias, which could take this market up to the $1,160 area, but we measure the odds at only 60/40 at this time. We will continue to follow this market if the intensity…
The S&P 500 index proxy (SPY) is showing a broad topping pattern, and we are forecasting that this will produce a lower high and at least a retest of the range lows near $204 per share. Once that level is tested, we will have new measurements with which to forecast whether a breakdown or the…
Pfizer (PFE) has been quite bullish for some time, and is showing signs of building a major top. We forecast a reversal of trend in this stock, and would have as a profit objective for short positions the bullish liquidity pool we see near $32.00 per share.
Apple Inc (AAPL) has stalled out after a huge rally. The stock has held steady, but now we see a correction beginning to form. We would expect to see some mild bullish action, leading to a lower high and an acceleration to the downside.
Traders and investors spend enormous amounts of time and effort deciding which fundamental strategy to follow or which sector to get involved with. When they actually start putting money to work, they utilize old fashioned (and sub-optimal) position sizing methodologies to determine how many shares or contracts to buy. In this video presentation, I will…
Traders and investors spend enormous amounts of time and effort on research and development. They tend to focus on finding new tactics and techniques for finding opportunities rather than looking for ways to optimize their financial edge. In this video presentation, I will walk you through the Top 5 Reasons Traders Lose Money. Eliminating these…
