Silver Update | Will Silver Break Through Key Levels?

Silver faces a wall of resistance at the $35.50, a confluence of key levels: Daily Downward trend-line resistance at the $35.60 level (see above video) Daily 200 Moving average Weekly 50 Moving Average Symmetrical projection of the September-October swing The only thing helping Silver is the daily squeeze that is preparing to fire (see video) [...]

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Trading Success | Forget Technical Indicators And Learn How To Trade

It’s amazing to me how many traders I meet who have completely the wrong idea of what it means to trade successfully. Let me make it clear. Trading success and profitabiliy have absolutely NOTHING to do with the following: Owning or using the next “holy grail” fancy technical indicator; Tweaking the settings of your fancy [...]

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Dow Transports | A Warning For Stock Markets As Transports Head Lower

While most of the major stock markets have been ploughing higher this week, one key market index has not followed suit. The Dow Jones Transportation Index has in fact dropped by 4% since last week. Why does this matter? This is because the Transportation Index (or Transports) are composed of stocks that are sensitive to [...]

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Get Ready For A Stock Market Reversal

Stock Markets are showing signs of weakness and an imminent reversal (see above video). The volatility index (VIX) – also known as the market’s “fear index” – surged by nearly 16% on Friday and closed above its 21 EMA. A rising VIX usually has bearish implications for the stock markets. The Nasdaq which has enjoyed [...]

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