What Does It Take To Master The Markets? Many times in my career I have encountered new traders who believe they have the ability to master the markets after reading a book on trading, or even because they have obtained some form of degree. Most often the first question I ask them is; are you a fundamental trader? Fundamental traders are those who generally read a companies balance sheet, (example-EPS, PE, EBITDA, book value, etc.) or perhaps they are a technical trader which is someone who…
This video talks about proprietary signals and charting that enable traders and investors to be on the right side of the stock market on every move. Chief Market Strategist Gareth Soloway shows how the pivot points combined with proprietary time counts gave the short call three weeks ago and the long call a week and a half ago. Members at…
Since the October 4, 2011 stock market low nearly every stock sector has inflated sharply higher. Many traders and investors are expecting a lot of performance chasing to take place by the lagging financial institutions. One sector that has surged higher over the past six weeks is the agriculture sector. This week, we shall uncover the important support and resistance levels traders need to know when trading in this leading stock sector.
The economic problems in the world seem to be growing by the minute. Last week, the European Union did not reach a resolution for Greece. Many investors are wondering what will happen when Greece eventually defaults on its debt obligations. At this time, the European Union is trying to finalize the European Financial Stability Facility (EFSF), which is really another TARP like bailout program. It is still amazing that the central banks and the governments around the world continue…
Know These Levels And Profit From The Market Leaders
Last week, the major stock indexes all rallied sharply higher. The markets seemed to have shrugged off all of the problems in the European Union, Asia, and the United States. Traders and investors rallied the Dow Jones Industrial Average by more than 500.00 points to 11,509.09 by the end of the week. Are these stock markets out of the woods now and ready to rally? Not so fast, last week was options expiration and…Continue
This past week has been one of the more volatile and turbulent trading periods for the stock market since early 2009. Money has flown right out of the stock market as the problems in the European Union and the United States hit main street. The problems are debt, debt, and more debt. There has been very little done to correct these debt issues, except for creating more debt. The stock market is now telling the world that simply…
At this time, many investors are focused on the problems in the European Union, and the U.S. political debate over the debt ceiling being raised. As a trader, the focus should simply be on the charts and the patterns that stocks and commodities are making. In the last report which was posted on July 10th, 2011, the focus was on the Dow Jones Transports. The charts at that time told us that transportation index was extended and due for a…
This morning, the major stock indexes are all trading sharply higher to begin the day. The technology heavy NASDAQ Composite has been the leading index trading higher by 1.57 percent. Last night, International Business Machines (NYSE:IBM) reported earnings that are being well received by investors this morning. The move higher in IBM is setting the tone for the technology stocks today.
Some of the leading technology stocks that are rallying sharply higher include the cloud computing… Continue
It is rather amazing that the major stocks indexes continue to hold up so well despite all of the major headwinds that are taking place geopolitically. High energy prices, failed nuclear reactors in Japan, the European debt crisis, and civil unrest in the Middle East and Northern Africa, still have not held this stock market down. As long as the major stock indexes continue to inflate…
On Thursday and Friday of this past week the Dow Jones Industrial Average (DJIA) bounced sharply over the two trading sessions. When the DJIA leads the major stock indexes it is usually a sign of overall market weakness. Please remember that the DJIA consists of just thirty blue chip multi-national stocks. The DJIA is also a price capital weighted index and not a market capital weighted index like the S&P 500 index and the NASDAQ Composite. This week we shall…Continue
This week we shall look at three leading stocks that have lagged the major stock market indexes such as the Dow Jones Industrial Average, S&P 500 Index, and the NASDAQ Composite. These weak or lagging stocks are in the biotechnology and drug manufacturing sector. Many traders and investors are wondering when the institutional money will rotate back into these popular and highly followed stocks again, lets analyze.
The Dow Jones Industrial Average (DJIA) continues to be the leading index in the stock market. Since the March 2009 stock market low the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQQ) , and the iShares Russell 2000 Index (ETF) (NYSE:IWM), have lead the markets higher. However, the Dow Jones Industrial Average has taken over as the leading market index beginning around January 18, 2011. This week we shall focus on three different…
Since the Dow Jones Industrial Average has been rallying like it's 1999 the theme of this week's report will be called, the leaders of the nineties. These are stocks that have a huge market capitalization and are still widely held by most every major mutual fund.
The first stock that we shall examine is Oracle Corporation (NASDAQ:ORCL). This stock has become the leading enterprise software company in the world through its…
The theme of this weekly marketreport will be popular stocks. The stocks that are featured this weekare held by both the institutional money and the public. These stocksare are well known throughout the trading community. It would beprudent to watch the important levels pointed out in these stock marketleaders.
Skyworks Solutions, Inc.(NASDAQ:SWKS) is a leading semiconductor and integrated circuit makerthat is used in…Continue
This morning the major stock market indexes are slightly under pressure
after the weekly initial jobless claims report was slightly worst than
expected. While this economic news is important most traders and
investors will have their eyes fixed on tomorrow's government July job
report that will be released at 8:30 am EST.
Economists are looking for growth in the private sector to increase by
80 thousand jobs. When you think about the month to month revisions… Continue
The SPDR S&P 500 ETF (NYSE:SPY) ran into the key 200 moving average level yesterday as the market closed. We discussed this in depth, talking about how in the short term, it would be solid resistance. This morning, the markets gapped higher above it, but quickly came back and have stalled just below this level. In the short term, this should continue to work as resistance for the market. Look for a market in the short run that make have trouble moving higher. Commodities are sharply lower… Continue
The collapse of gold continues as the SPDR Gold Trust (NYSE:GLD) is trading at $113.64, down -1.88 (-1.63%). Stocks like Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) and Agnico-Eagle Mines Limited (USA) (NYSE:AEM) are all getting hammered. Gold has dropped off a cliff over the last month for many reasons, both technical and psychological. Technically, the simple answer is gold was extended on the daily and weekly charts, pushing to new all time… Continue
It is very important to understand the current trading environment. If you were a construction worker or a landscaper it is safe to say that you may check the weather outside before going to work. Therefore, as a trader it is important to know what the pulse of the market is. One simple way to do this is to follow the U.S Dollar. When ever you see the dollar lower it will generally give and upside bias to all commodity and inflationary stocks. For example, if the dollar is lower it is important… Continue
The VIX(volatility index) filled a major gap today. When gaps get filled that have not been filled previously from long periods of time they become great support and resistance levels. In this case with the VIX chart it was support. Therefore, it is important to have gaps on your charts in order to take advantage of them.