Happy Halloween! In our part of the world where the leaves are ablaze with fall colors, there are all kinds of signs of Halloween. Pumpkins on every door-step, witches and other scary figures dot the lawns in our neighborhood, and children going to school this morning in their Halloween costumes. It's always a fun time of the year marking the final transition from summer into … [Read more...]
A Wyckoff Analysis: US Stock Market Appears Vulnerable to a Pullback
In the last post made on the US Stock Market on Sunday night, I noted that the S&Ps was moving up strongly, but had run into a resistance area around the 1970 level. A pullback into the 1940 level was anticipated (we went to 1944.50), and then the market rebounded, making a new rally high today. Despite the new rally high, we are still negotiating that 1970 area. Today's … [Read more...]
Trading Psychology: Cutting Winning Trades Short: How to Overcome It
Our trading psychology is often confronted with the strong urge to book small profits on a winning trade. If we listen carefully, we often hear our mind telling us: I must get out now. I'll have a small profit. It's better than a loss ... How often have you said this or something similar before cutting a good trade short? Cutting winning trades short is one of the most … [Read more...]
Strong Move in the S&Ps Expected to Continue
The market as represented by the S&P futures put in a strong week last week, continuing the bullish reversal from the week before. We were quite oversold two weeks ago, and this led to a V-spike reversal, which is something we see only occasionally. After Tuesday, the market had a little difficulty pushing higher, though push higher it did, making firm closes on Thursday … [Read more...]
Trading Psychology Edge New Website Update
Many traders have stopped by our new website. We've been getting lots of compliments on the new look and new functionality. We are very glad you like it, and we thank everyone for their kind comments. We are still experiencing minor bugs in the website. We know that there are still some links not working and signup forms missing. We are working to rectify these last few … [Read more...]
