Trading seems so easy… You find a stock worth investing in, buy some and sit back to let the profits build up… Unlike most money making processes, there is no digging, building, making… You just push some buttons and make some money…
Investing is all about money. Money being productive in its own right, producing gains that can then be used for other things in your life. But in an all too common paradox in trading what seems right, normal and correct, in fact is the EXACT OPPOSITE from what you need to do…
Qualcomm (NASDAQ:QCOM) has whipsawed back into the green zone as the bulls and bears battle for supremacy. We will stick to our plan as the objectivity measured odds for success or failure have yet to shift against our position.
OIL is the ETF that follows the price of West Texas Intermediate Crude. Having failed to test down into the green zone, this trade failed to set up and is noow off our radar.
The S&P 500 index proxy (SPY) The bullish surge we forecast last week has come in right on schedule. We are in a transition point now, with a possible bearish pivot or bullish breakout both about at 50% odds. We remain on the sidelines and will be stuck there until we get clarity.
The Gold Proxy (NYSE:GLD) has broken out to new highs and looks overheated in the short term. Rather than the small correction that we were expecting last week, our measurements indicate that a larger correction is looming. We will take the opening price of the 5/11/16 session as our exit price for recording profits…
The Gold Proxy (NYSE:GLD) has broken out to new highs and looks overheated in the short term. We would expect a new correction to form as the bulls rest take profits before re-booting and building up their strength for another rally attempt.
The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. The grinding bullish power has finally been conquered and the bears have control of the market. We are forecasting that this bearish control is likely to be short lived, and that at least one more bullish surge will be seen…
Qualcomm (NASDAQ:QCOM) has whipsawed back into the green zone as the bulls and bears battle for supremacy. We will stick to our plan as the objectivity measured odds for success or failure have yet to shift against our position.
