Here is a comment I received that I feel is worthy of a discussion rather than just a few sentence reply that many may overlook in the comment section. I’m curious to hear what others have to say about this topic. Another interesting question might be: Why do human beings look so hard for patterns, perhaps, so hard that we [...]
William Patalon III Executive Editor The Money Map Report Three of the financial institutions that were key catalysts to the global financial crisis – and that owe the federal government billions of dollars as a direct result of those problems – have seen their shares triple in price so far this month. That could signal [...]
It curious how the same patterns repeat in the markets. Could we be setting up for a fall? I would simple draw support/resistance lines on an intraday chart and wait for the markets to break out one way or the other to determine which way the next move is going to be. I’ll be posting [...]
I have a feeling this is a significant chart indicative of the internals and we’re going to look back in a week or month and realize this was very telling. As the market continues to make new highs, there is a very clear downtrend line forming that if we don’t break out of will signal [...]
Back in January I talked about how the US Dollar was on the verge of collapsingand recent developments are reinforcing my view. After breaking down from a major head and shoulder pattern in 08′, this currency had quite a violent throwback, causing many bears to reverse their position. Now that the chart has resumed the [...]
Current events form future trends….this is one trend that doesn’t appear to be going anywhere. Some very interesting facts in this short video.
Despite my feelings that the markets are overbought and “need” to correct, I’m going to continue playing the hot sectors until the markets do roll over. I’m not going to be that guy that tries to nail the top. These are a few strong sectors that I’ve deemed worthy of my attention. Here are the criteria [...]
…and I mean everybody. Whose left to push this market higher? When the majority of the crowd are buying call options, it’s time to start looking at the other trade. Sentiment is very one sided after today’s big push higher. Ideally I’m hoping for a gap up on Monday to short into. It will be [...]
Money Morning Staff Reports With China’s Shanghai Composite Index (SSE) now down about 20% from its Aug. 4 peak – a decline punctuated by a 4.3% drop yesterday (Wednesday) – the Red Dragon’s stock market is technically now in bear-market territory. That has the China bashers out in full force and has traders worldwide debating [...]
Most bullish should really be classified as least bearish. However, healthcare makes sense to me here as it’s been a very strong performer as of late and is a sector that should be on everybody’s watchlist. clipped from www.financialsense.com This latest report, which includes insider activity when the S&P 500 index made its 1018 intraday [...]