On Tuesday, I'll start a webinar that will run for 3+ hours and then finish up with another 3+ hours of Wyckoff-related material on Sunday. I presented this material in Malaysia, Singapore and Sidney, Australia in September, and it was very well-received. Several traders in our community asked that I do it as a webinar for those who couldn't attend the live events. Two-Part … [Read more...]
Friday’s Trading & The Coming Week
We had a bit of an unusual day on Friday. Partly this was due to the jobs report. In any event, it was not constructive for the US Stock market. On Friday morning before the US session started, the market was holding right around yesterday's (Thursday's) high. It told us that the market wanted to go higher. In a chart I posted to some the the FaceBook trading pages (chart … [Read more...]
Post Hurricane Trading
After being shut down for two days, the US Stock market reopened yesterday, despite the hurricane damage and enormous cleanup to be done in and around Wall Street in lower Manhattan. As I mentioned last week, there is weakness in the market and that played out yesterday. The market rallied up to and failed to hold the 1416.75 high put in last Thursday (October 25). Note the … [Read more...]
We’re Safe!
Hurricane Sandy is over. We faired OK. It came in yesterday mid-day and stayed with us all day and throughout most of the night. Very big winds and rain here; the trees were bending and the rains came in sideways. We lost power yesterday afternoon, which we expected. Fortunately, our generator worked well and we were fine. Power was restored this morning, though some of … [Read more...]
Hurricane!
Another hurricane is heading our way tonight. We can already hear the wind starting to howl! Although is is late in the season, the weather people are saying that Hurricane Sandy is unusual due to its size and its behavior. They say, "Expect a wallop!" That usually means power goes out. Last year, a hurricane took power down for 6 days. Although we installed a generator, … [Read more...]
