Tweet By Jeff Pierce Oct 15th – Nov6h 17 trading sessions 1705 point gain on Dow 4 down trading sessions with all closing off the lows and near the highs but on one day Nov 7th – Nov 28th 15 trading sessions 274 point gain 4 down sessions with all but one closing at/near the […]
Tweet By Jeff Pierce Now that the markets appear to have stabilized it’s OK to jump back in long trades…right? I believe the correct answer to be NO, based on that clear lack of leadership, declining volume on rallies, and the fact my timing signals and long term trend remain firmly down. Add on the fact […]
Tweet By Jeff Pierce Note the rising bearish wedge on the Nasdaq indicating we could be close to a point where the current rally stalls. Volatility has all but dried up. High volatility leads to low volatility and vice versa. We could be getting close to a reversal in volatility.
Tweet By Jeff Pierce Below is a great excerpt from a book I’m reading that considers media’s influence on the market. I have a similar approach to how I view this I want to share. On impact days, meaning days where a significant top or bottom is being formed on the markets, emotions are at […]