On Monday February 11, I wrote a blog post discussing weakness coming into the market.    In that post, I said that the major US markets (S&Ps, DOW, & Naz) were getting out of sync--a sign that a correction may be coming.  I noted that the S&Ps (ES) had to start trading below its February 1st high (1511.00) for a correction to begin.  You can read that post by … [Read more...]

Title: New Year New Psychology: High Value Trading Actions Location: Free Webinar Link out: Click here Description: Dr. Gary is having a free webinar on some of the "new" psychology that he has been developing and teaching to traders. His teaching is different from the conventional wisdom on trading psychology. As you may have already found out that controlling and suppressing … [Read more...]

In the free webinar I did last month, I talked about the concept of comparative strength and weakness.  The potential for a market turn increases when the three main US markets (S&Ps, Dow, Naz) fail to remain in sync with one another.  I think that is likely happening now. The Dow Jones Industrial Index (represented here by the Dow futures contract, YM) had been leading … [Read more...]

We finally got plowed out today (Sunday).  Our regular plow guy couldn't get to us due to the large amount of snow.  We had to hire someone with bigger equipment.  We have a long driveway from the road down to the house.  Even when it is a regular snow, it isn't very easy to plow.  Today, it took a few hours to clear so we could get out.   Even though we have a lot of … [Read more...]

About once a decade or so, we get a blizzard.  It is a pretty serious winter storm with high winds, cold temps, blinding snow, and lots of accumulation.  It pushes the envelop on the typical winter storm. This blizzard started Friday morning.  White-out conditions were reached by late in the afternoon, and the heaviest snow fell in the early morning hours.  By Saturday … [Read more...]