Breakout Or Fakeout? 3 Ways to Confirm a Breakout by Richard Cox Breakout strategies are some of the best-known and most commonly used approaches in the markets. Find best personal safety alarm. But these strategies carry with them an elevated level of risk, as roughly 70% of these occurrences fail, and are not accompanied by sustainable follow through. When buying a...
Bull Market Historical Strength & Sector Rotation Since January by Bespoke Invest Longest and Strongest Bull Markets The S&P 500 (SPX) (SPY) made a new intra-day all-time high above 1,850 on Monday, but failed to close at an all-time high. With that in mind, the tables below provide an update of where the current bull market stands in comparison...
Facing Overhead Resistance – Weekly Market Outlook Had it not been for Friday’s dip, the market would have actually logged its third weekly gain in a row last week. Problem is, Friday happened. Indeed, Friday’s action may have underscored a much bigger problem for the bulls – a problem that could have been easily discarded with just a little progress....
The Power Of Fibonacci Overlaps Fibonacci Overlaps by Richard Cox The plotting of Fibonacci retracements is one of the most commonly used methods in technical analysis trading. In most cases, traders will use Fibonacci levels in conjunction with moving averages or indicators that give overbought / oversold readings. Since a retracements essentially marks a “pause” or correction within a broader...
Gold Bears Remain Growling Despite 2014 Rally Top Two Gold Forecasters Remain Bearish After 2014 Rally By Nicholas Larkin, Glenys Sim and Debarati Roy The two most-accurate Gold (GLD) forecasters are holding to their bearish forecasts for 2014 even after the metal posted its best start to a year since 1983. [BigTrends.com note: Continued bearishness in the face of strong...
Trade Like a Scientist by Brett N. Steenbarger, Ph.D. A theme I emphasize with new traders is that it is important to trade like a scientist. The scientific mindset is one that can be rehearsed and cultivated–and eventually internalized. What do scientists do? First, they observe regularities in nature. They look for patterns: repeated sequences of events and commonalities among...
Projected New Highs In Market In Months, But Low Short Interest Is A Concern Birinyi Sees S&P 500 at 1,900 by July as Shorts Miss Drop By Nick Taborek and Callie Bost U.S. stocks have too much momentum to make betting against the Standard & Poor's 500 Index (SPX) (SPY) a winning strategy and the gauge will probably reach...
11 Rules For Charting 11 Rules for Anyone Who Uses Charts By Michael Kahn As I often say about my wine savvy, I know just enough to be dangerous. For many traders, the same holds true with regard to charting and technical analysis. For example, they know enough to use an RSI (relative strength index) to gauge momentum but...
Why Gold Should Hold $1200 Gold Supported At $1,200 – Below That Level "Serious Production Cutbacks" By Mark O'Byrne Gold (GLD) is marginally higher in all currencies in recent days, and appears to consolidating above the $1,250 level and strong support is at $1,200/oz. Gold in U.S. Dollars, 1 Year Chart (chart from Bloomberg) Demand for physical gold and Silver (SLV)...
2nd Worst Start to February Ever, VIX, Short Interest, Earnings Worst Start to February Since 1933 The S&P 500 (SPX) (SPY) followed up a horrible January with a horrible start to February. In fact, Monday's decline of 2.28% for the S&P 500 was its second worst start to February (1st trading day) ever going back to 1928! As shown...
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