Stock Market Analysis Our current stock market analysis indicates that the market is attempting to hold its recent gains. We have seen the US Stock market execute a strong rally from the lows in mid-October. This most recent rally began with a V-Spike reversal, which is one of the strongest of market moves. It has run up 200 points without more than a half-day of pullback. … [Read more...]
Happy Halloween & New All-Time Highs!
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...]
Last Chance for Chart Reading Mastery
Chart Reading Mastery starts this Tuesday, September 16. We haven't held this highly acclaimed course in two years. It is suitable for everyone from traders working to become profitable to pros. This will be the only time it is offer this year. There are still a couple of slots left, if you are interested. You can learn more at: Chart Reading Mastery … [Read more...]
When Your Analysis is Wrong – A Lesson in Trading Psychology
Last night, I was looking for the market to react and begin to head lower today (see last post below). That analysis turned out to be wrong. How do you salvage a trading day when your analysis turns our to be flawed? In truth, there are many days that my nightly analysis turns out to be wrong, or, more correctly, the market doesn't do what I anticipated the night before. It … [Read more...]
