Downturn!…Whiplash!…Bust Up!…Evictions!….Bankruptcy!….Homes Abandoned!…. ”Crisis“ dominated the headlines in 2008. Many economists consider the financial crisis of 2008 to be the worst since the Great Depression. There was a reckoning with lax financial regulation and institutional greed; all of which resulted,
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How A Simple Trend Principle Might Have Helped Identify Crude Oil Trade Setups
Smaller time frames tend to magnify a market’s volatility. If there is something that day traders and swing traders know all too well, it’s that the markets can be very noisy. This is particularly the case when it comes to
How Classic Price Action Might Have Prevented You From Taking Big Losses in the DJIA
A Volatile and Confusing Market This year’s market volatility has been explosive. Prior to the February plunge, the nine-year stock market bull was moving upward in a relatively steady manner. Despite the uncertainties following this initial plunge, there were (and
The Death of the Pit Trader
When Trading Was Grueling, Gritty, and “Real” There was a time when trading could have been likened to a contact sport. All trades, equities and commodities, took place between people within a small and tightly packed space: a trading pit.
Volatility Over Potential China “Trade War” Isn’t Over Yet
The news concerning forecasted Fed rate hikes, inflation projections, and a potential trade war with China have shaken up the markets since February of this year. It seems as if the only thing “certain” in this uncertain economic environment is
U.S. Stock Index Momentum is Weakening – Possible Major Plunge Ahead?
The price of all three major U.S. indices are showing increasingly weaker momentum when viewed from their 200-day moving average price. As you may know, moving averages were designed to gauge the strength of price trends over time. Exponential moving
A Quick Guide to Technical Trading Patterns
Trading strategies can be boiled down into two primary groups: Fundamental and Technical. Fundamental traders focus their efforts on the underlying factors that may fuel market behavior. Technical traders, on the other hand, focus on one thing and one thing