stock market update – Traders Helping Traders

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New 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 […]

Logical Market Update: Day Two – Bulls Attempt to Stage a Comeback

Day Two and the Bulls Attempt to Stage a Comeback – Gold Stocks Back on the Radar – Time to Begin Buying? The markets followed through on Tuesday’s selling finishing what I’m considering the initial (first) leg down. Interestingly though, when the bulls moved in to stage their comeback, the volatility indexes were first on […]

Logical Market Update: First Down Day – The Beginning or Buying Opportunity?

First Down Day For Equities – Just the Beginning or Buying Opportunity? After Monday’s big disappointment courtesy of a very tight inside day, Tuesday’s trading action brought some welcomed relief. The optimal word is some. Refreshing is a word I heard used – It was like a fresh cool drink in the desert another contrarian […]

Logical Market Update: Market Update FED Comment – Much Ado About Nothing

Market Update: FED Comment – Much Ado About Nothing – Produces Numerous Trading Opportunities – MasterCard and Visa Swiped by Fed Judge Wednesday was a traders dream type of day. There were plentiful opportunities across the board in equities, treasuries, precious metals, and commodities. Volumes increased which increased price volatility and velocity. Today’s action […]

Logical Market Update: Equity Index Market Update

Equity Index Market Update The last three trading sessions have appeared to be mirror images of the same trading strategy. Amazingly, there are players out there (large players) that still believe manipulation goes unnoticed and their tactics on how they manipulate is legal. The fact is it isn’t but there is little being done about […]

Logical Market Update: Near Term Outlook S&P 500

Near Term Outlook for the S&P 500 – Bonds Could be Caveat – Precious Metals Stable For Now – S&P 500 Filibuster: Definition of filibuster (noun) Political delaying tactic: a tactic used to delay or prevent the passage of legislation, e.g. a long irrelevant speech Legislative obstructor of the passage of legislation, through the use […]

Logical Market Update: Anybody Else Noticing? Hype is on the Rise!

Is Anybody Else Noticing? Hype is on the Rise! – The Russell 2000 Makes New Highs – DJIA, S&P 500 Should Follow – Treasuries In A “Dead Cat Bounce” I’m in a quandary as how to describe trading last Wednesday, Friday and also today. The broader index futures have now closed a second day “very […]

Logical Market Update: Deja Vu of 2008 – Thursday Was Day Traders Dream – Long Bond Holders Bound in Nightmare!

It Felt Like 2008 Again – Thursday Was Amazing – Day Traders Dream – Long Bond Holders Still Trying to Wake Up From the Nightmare! If I thought Wednesday night into Thursday morning was an “Everything Must Go Sale” – Thursday’s U.S. sessions proved to be what I call a “Billy Graham Sell-Off”. All […]

Logical Market Update: When the FOMC Speaks – the Markets Will Respond – Is it Time to be Long or Short?

When the FOMC Speaks – the Markets Will Respond – How to Trade the Chop– Is it Time to be Long or Short? So what’s up with the stock market lately – it’s neither bullish nor bearish – but is sure is choppy! It has been a great week for day trading the volatile […]

Logical Market Update: The Tectonic Shift in Global Markets – The Status Quo!

The Tectonic Shift in Global Markets – The Status Quo! So what has everyone on edge in the markets? It is something I have discussed previously and will continue to discuss. The Status Quo is changing. It is shifting away from what has been perceived as “given” for years. Conventional Wisdom is old, ancient […]

Feb 5 Update | Overbought + The Correlation Advantage | Daily Market Updates

Monday started the week with a broad market decline, which was not unexpected. The broad market advance has been underway for well over a year, with the month of January being relentless in terms of pushing into extreme overbought levels. I don’t think I’m the only one who finds it interesting that investors wouldn’t touch […]