Markets in Transition – Crude Oil
As I began my last post I continue to understand the trading mantra, “I don’t care.” I do care as to whether the shift in trend is towards buying or selling, but I don’t care about the why or what or where. This, for the most part, allows me to concentrate on the momentum. The […]
Continue readingMarkets In Transition – Economies Too?
I fully understand today’s trading mantra of ” I don’t care!” It makes total sense if you are just trading the number according to what your signal generator is telling you. However, it can become a nagging problem when the trader in you surfaces and begins to haunt the thought process by questioning the “Who, […]
Continue readingHas the Bubble Burst?
It is not uncommon to move past a “bubble” bursting and not realizing it. Denial plays a big part in the recognition of such a phenomena. While I admit the speculation can grow extremely strong as pundits try to claim their 15 minutes of fame by making bold statements of impending doom only to get […]
Continue readingNASDAQ – 100 Pushes Above 4400 Are We There Yet? – Part II Thursday’s Chart – $NDX
Thanks to Priceline’s earnings announcement basically being interpreted as “blowing the doors off” the price of the stock jumped by $100, which equates to about 9%. Now that may not seem like much since PCLN was trading at 1122 just prior to the announcement, but in my humble opinion it was further evidence of the […]
Continue readingNew Highs Arrive – Where is all the Fanfare? Wednesday’s Chart – Updated Elliott Wave Count -Monthly $DJIA
Did I miss something? I don’t remember hearing any shouts of joy or any applause when the S&P moved to new all times. Nor did I hear any shouts or applause when the NASDAQ-100 pushed to new 15 year highs or when the Russell 2000 finally and I mean finally moved up to a new […]
Continue readingThe San Francisco Bubble Indicator
The broader markets have risen parabolically since reaching their respective lows on October 15th. Basis the futures the DJIA (YM) has climbed 1586 points or 9.2%, the SPX (ES) 206.25 points or 10%, and the NDX (NQ) 489.75 points or 11.5%. The moves themselves were made within 12 trading days with the DJIA and SPX […]
Continue readingBeware the Ides of Octember? – You Bet!
From Wikipedia: “In 1966 Roger Zelazny wrote a novella titled “The Dream Master”, but Mr. Zelazny’s original title for this work was “The Ides of Octember.” The Dream Master is set in a future where the forces of overpopulation and technology have created a world where humanity suffocates psychologically beneath its own mass while abiding […]
Continue readingThe Return of Volatility and 2-way Trade, But for How Long?
Sorry I’ve been away from writing any updates for several weeks. I’ve been ultra busy getting the Logical Signals Trade Room up and running. The members thus far are an outstanding group already contributing across the board from trading indicators, patterns and products, to computer software and hardware. We are ready to move on to […]
Continue readingForward Guidance, Asymmetric Information and Ms. Yellen
According to the FED the easiest and most important aspect of its program to ease ‘fear’ in the markets is its communication policy, which is often called “forward guidance.” This consists of the FOMC minutes, which are made public and from where the board lays out, and reiterates policy complete with a timeline for implementation […]
Continue readingWhat a Difference 500 Billion ¥ Makes
The head scratching continues as traders try to understand and embrace the rip-roaring lift in the US markets after leaving a small but promising dent on Monday. After Tuesday’s start appeared to be continuing to add to the “woes” as news out of China over the weekend revealed a continued decline in the economy the […]
Continue readingAre We There Yet?
I’m not sure why so many people get bent out of shape with the thought of a market correction. As if the markets correcting is akin to having root canal without anesthetizing the tooth being ‘rooted’. The markets are not falling apart they are falling into place – normalizing – returning to the mean. Calling […]
Continue readingTechnically, It’s Time to Sell (Near Term)
Hard to believe it has only been two weeks since the broader indexes had reached extreme oversold readings and dropped into support setting the stage for what I originally thought would be a much smaller bounce up. That proved to be partially correct in that the markets did indeed put in near term bottoms and […]
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