Category: Trading Articles

June NQ's- 4629 or 4303.5 targets Update 5/26/15

I've attempted to add time to the projections- see the following 8wk hourly chart.

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  • Written by Gary Caumont

Category: Trading Articles

Are you ready for a 20%-50% decline?

One of the repeating themes of neoclassical technical analysis is that there really is a structure to the market. It was almost two years ago when I underscored that fact with an article titled "Quit worrying about a 1987-style crash." That article was written in response to a fellow contributor's musing which was calling for a market crash (and still is). As I said back then, when prices were some 20% lower than they are now, you shouldn't worry about a crash until it's time.

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  • Written by LA Little

Category: Trading Articles

US Markets no longer masters of their own destiny

For oh so long, US markets were masters of the universe. They went where they wanted to go independent of all other markets. That's been true for decades now. Other than occasional blip here or there where some world event would upset that relationship for a short period of time, the U.S. was king of the hill. That equation is changing though.

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  • Written by LA Little

Category: Trading Articles

Further global currency devaluation likely

One of the things that market technicians hear a lot of is that "It's the economy stupid" to which a technician says, "Yeah, and that's why we watch the charts". You see, the charts are reflection of all known and expected information that affects prices - including economics.

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  • Written by LA Little

Category: Trading Articles

Rising risks for stocks means some selling is in order

As a much anticipated earnings season is set to unfold this week, the question before the US equity markets is "Can the world's central bankers overcome the poor earnings and economic backdrop?" Seriously, can anyone really argue that the bulk of the equity appreciation we have seen over the past five years worldwide isn't due to central bank largess? It's not just the Federal Reserve but the all around the world from Britain to Japan, Europe to China. All the major world economies have embraced the something-for-nothing policies and ran with them. Despite this backdrop, the rising tide appears to be near its peak and the time for investors to reduce long only exposure is upon us.

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  • Written by LA Little