If You Can’t Measure the Market, You Can’t Manage Risk
My Square Of 9 Wheel does a good job of measuring risk and identifying major changes in trend. W.D. Gann said if you can find the zero point you can measure the market. Gann considered the Spring Equinox to be the natural beginning of the year. On the Square of 9 Wheel note that 19 […]
Continue Reading -->GS Follow Up
In January we flagged a potential square-out in GS at 248. On January 13, GS left a signal reversal bar from 247.77 followed by a 90 degree decline to 231-232 in tandem with a test of its 50 day moving average. This was the first such test since GS exploded in early November. The first […]
Continue Reading -->SOX Rolls Up To Reistance
The semiconductors have been darling’s of the bulls for the last year. The SOX has hardly had a hiccup since tracing out a triple bottom backtest of the 2007 high. However, a clear 5 waves up from the 2009 low may be on the table with the SOX tagging the upper rail of a parallel […]
Continue Reading -->Why GDXJ Could Hit $35 Near-Term
We sent a note to Daily Market Report readers to sell the balance of our miners on Tuesday and our trailing stop on GDXJ got tagged on Wednesday morning. They held up relatively well yesterday with a late-day rally where GDXJ pushed into the morning gap. These late-day rallies following a signal reversal bar (Tuesday) do […]
Continue Reading -->How To Read Charts Using the Square Of 9 Wheel
Tuesday was a trend day in the markets and a nice day in many stocks. So we’re going to walk though some stocks/setups that we’ve been playing and have had on our radar for the last few sessions. On Friday morning we sent an alert, Trading Notes: Holy Grail On the Table where we highlighted […]
Continue Reading -->Trump Pumps Up Pipeline Stocks, and I’m Holding On
Way back on December 11, 2015, I tossed the Kayne Anderson MLP Closed-End Fund (KYN) into my retirement account, back when it was around $14. President Trump signed orders to expedite the goverment’s review of the Keystone XL and Dakota Access pipelines, which is driving up shares of MLP’s, with KYN breaking through $20. KYN’s […]
Continue Reading -->An Important Week For the Dollar
The dollar made a 14 year high to kick off 2017 but quickly reversed leaving a weekly signal reversal bar.. The subsequent follow through saw a turn down of the important 3 Week Chart last week. The dollar continued lower yesterday flirting with a test of its 20 week moving average around 99.60. This coincides […]
Continue Reading -->T3’s Take 3: Yellen Goes Hawk, Spikes the Dollar
1) Yellen Goes Full Hawk Today, Federal Reserve Chair Janet Yellen gave a speech at the Commonwealth Club in San Franscisco, and she swung her hawk hammer. Yellen said the Fed is close to meeting its dual mandate of full employment and price stability, and that Fed officials expect a few rate hikes this year. […]
Continue Reading -->Morning Call Express: 2017 Starts with Green Arrows. Do They Stick?
In today’s Morning Call Express, Scott Redler welcomes us to the New Year. Scott starts things off by looking at the EWG and the big resistance level it is coming up to test and how it compares to the FXI. He also looks at the SPX and QQQ and where they will be opening the […]
Continue Reading -->Happy New Year!
We have mixed/quiet markets around the world as we close out the year. Europe is flattish and has a very tight pattern. It looks ready to rally. We’ve been long EWG calls in RAA since the Italian Referendum, and EWG/FEZ look like they’ll give more gains. In Asia, the landscape is a little different. The […]
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