Chart of the Day: Consolidation in Gold
By way of history, we have been bearish on Gold for quite some time in the research I write daily for Waverly Advisors, and we hold a short that was…
By way of history, we have been bearish on Gold for quite some time in the research I write daily for Waverly Advisors, and we hold a short that was…
Yesterday's weak closes in major stock indexes do threaten trend integrity, at least on the intermediate term: though fairly small on a nominal basis, these moves were large on a…
This chart shows a common context for the Anti pattern: following an overextension of an established trend (A), the market makes a sharp counter-trend move (B), and then pulls back…
No, not a "loony" crazy breakout, a breakout in the Canadian dollar (also called the loonie!) The chart above is of the USD/CAD, so up on this chart is down…
Japan shows a clear pattern of higher lows holding into a ~9 month long resistance area. This is a pattern that often sets up a breakout, but in this case…
The "Anti" is a name coined by Linda Raschke (in her excellent book Street Smarts) for a trade that was originally defined by an oscillator pattern—when short term momentum pulls…
[dc][/dc]Take a few moments, here at the beginning of a new year, to think about how do you handle your market biases and convictions. We all know the glaring examples…
[dc]W[/dc]e certainly live in a time of wonder. Science has pushed back the veil of superstition and mystery; progress allows us to live longer, comfortable lives and to devote our…
We have been short Gold in our daily research several times this year. The most recent short was initiated 9/23/13, but Gold has been a strong performer for us through…
Systematic traders have a perennial debate: how much or how little to intervene in your system's rules? There are a range of acceptable solutions, but the key is to be…
[dc]C[/dc]harts can be a powerful tool for market analysis and trading. At a glance, they can provide a quick overview of important price movements, can highlight supply/demand imbalances, and can…
The daily chart of the DJ Europe Stock Index shows a two-legged pullback that could be read as a complex consolidation. This is typically a strongly bullish pattern, and we…
This is repost of an article I wrote last year (2012). I would have updated the numbers, but it wasn't really necessary as last December was flat enough that it…
I was on Chuck Jaffe's MoneyLife show last Friday discussing the longer-term outlook for stocks in 2014. (The file is an 8 minute audio file.) The subject of biases…
Though there is a reasonably strong seasonal tendency for stocks to rally into the end of the year, consider the dangers in one-way trades. Many people know this tendency (the…
Reader Tom sent me a note: "I am hoping you can help me. I set a goal for myself in 2013 that I would study the Level 2 Screen. I…