The US Dollar is as much a focus for me this week as it has ever been. It is starting out the week testing it’s latest lows. Some quantitative research I’ve done has been me focused on possible meaningful dollar bounces starting as soon as the end of this week. Not to mention, the tightly [...]
I can’t tell you what tomorrow will bring. But, given the non-days of Monday and Tuesday, I’m not exactly expecting tomorrow to find the beginning of a substantial trend tomorrow. Plain and simple, I have very little to say tonight. Whether I’m wrong or right, I’m pretty much planning on postponing any significant trading until [...]
Be ready. Above and beyond all things, be prepared. Know what you are willing to risk and what you are looking for. You don’t always have to be right. But, you need to know what you believe; and, your belief must include an expectation with both a very specific measure by which you will know [...]
Whether I’m right or wrong about this NOT yet being the market top that many of us have been waiting for is a somewhat mute point in the bigger picture. We don’t bet our careers on a single trade. The trading decisions ebb and flow as I see a confluence of events evolve into an [...]
As strange as it is, there are really bright individuals out there that believe that this is indeed just the beginning of a very legitimate and solid recovery. There are others that recognize the Fed has little to no choice and rates will be pegged to the zero for some good time to come; thus [...]
The last week of October is a sensitive time period for modern traders. Black Tuesday, October 29, 1929 was quite an auspicious date. Although not the last week of the month, not far from it was the 1987 Black Monday, October 19. These historical events hang a shadow over October. This year is no different. [...]
