The last report showed the SPX perched on a rising 3 point trendline from the last swing low on November 15. Thursday’s action cut through the prior swing high from December 4 creating the set up for a possible Bull Trap; however, as you know, follow through is key. There was no downside follow through. […]
Continue Reading -->Got a minute? Take this brief survey and tell us where YOU think the market’s going in 2018! Don’t forget to hit the submit button at the bottom! Loading…
Continue Reading -->Traders are squarely focused on the progress of the GOP tax bill. And judging by the market action on Friday, it certainly looks like they’re feeling that it’s going to pass soon: The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all hit fresh all-time highs The Russell 2000 is outperforming by a big margin The US dollar is rallying Bank […]
Continue Reading -->“Buy buy says the sign in the shop window. Why why says the junk in the yard” Paul McCartney, Junk There are markers across the mystery of the social panorama that over time become larger than life. These heirlooms of history occur as within the eye of a hurricane. They aren’t recognized as the cataclysm they are until later. […]
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Continue Reading -->Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:What exactly changed with the Fed todayHow to avoid giving back large trading gainsHow you can use the 8 & 21 day moving averages to judge the market trendAnd more!So check out these links right […]
Continue Reading -->In the late 1950’s my father could have been the poster child for the “American Dream.”He was 42 years old, had sold his textile business for millions, and was retired, living the good life with his wife and two kids in Beverly Hills.In order to keep himself busy, he invested in the stock market.Brokers would call […]
Continue Reading -->Yesterday, we held a Bitcoin survey to get our readers’ thoughts on the raging cryptocurrency. Bitcoin mania truly is running wild. As of the time of this writing, the app for digital currency market place Coinbase is at #2 in the Apple App Store: (screenshot taken at 7:20 a.m. ET Friday) Yes, Coinbase is pulling […]
Continue Reading -->Last week, traders were squarely focused on the progress of the GOP tax bill. But this week, it feels like everyone’s watching Bitcoin so much that the world’s forgotten about the stock market! In fact, look at what’s #2 in the Apple App Store: It’s Coinbase — the app for the popular digital currency market place! Yes, […]
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