Hi Everyone
Just another reminder of the most important lesson of trading …
“Trade What You See”
Remember Warren Buffett’s quote: “Forecasting tells you a lot about the forecaster…
Hi Everyone,
As you must know by now, my trading mantra is: “Trade What You See”.
Having an opinion can be very costly in trading and you’re always better off not having one! Just trade wh…
Hi Everyone
If you ever wanted an indication of the power of the OVI you witnessed it today. All the indices buckled – note my email/blog yesterday which highlighted that while the markets had b…
Hi Everyone
Last week’s Jobless Claims and PPI (inflation) figures came and went without too much fuss, with the markets trundling upwards but with low volume.
What’s interesting is…
Hi Everyone
The markets came roaring back on Thursday albeit on moribund volume. Remember though, one swallow doesn’t make a summer. Are we headed for new highs or is this part of the ine…
Hi Everyone
More sloppy action in the markets yesterday – 3 of the last 4 bars in the S&P and Nasdaq have been doji-like with wide ranges and the open and the close near to each other.
This …
Hi Everyone
Very weak action yesterday – with the main indices only poking through Friday’s high temporarily before slumping again. This is bearish, but still don’t be surprised if we see some s…
Hi Everyone,
Friday’s afternoon session saw a massive rally on the indices and across the board. By some luck as well as judgement (I was a bit wary about the impact of the Employment Report so …
Hi Everyone
Yesterday’s late rally suggests a wider retracement for the next few days. Current bear flags may turn into rounded bottoms, and weaker stocks will consolidate further until the next…
Hi Everyone
All the major averages have broken their rising trendlines on big volume so it’s bear flags all the way from now.
I think we’re headed for a MAJOR correction that will give us several oppo…
