Be prepared. Something big is brewing up on the stock markets. That is, the markets are getting prepared for an EXPLOSIVE breakout. Let’s take a look at the Nasdaq. The above chart shows that the Nasdaq has tested the 2420 region many times (once in the spring, twice in the…
The trader and professional money manager Tim Knight writes in his blog that Steve Jobs was not just one of the best businessmen of our generation. He was the best businessman of all time. Knight also explains in his article how we can use Jobs’ life as an example of…
Lately I have been getting a lot of email and messages from folks asking me what I think of the Greek referendum or about the Greece rescue plan. Let’s get one thing straight here. Greece is a country the size of the State of Alabama. In my view a…
In the video in this post I would like to share with you the top 4 B.S. pieces of nonsense I have ever heard about trading the markets. I have been in the trading industry for nearly 6 years and I keep coming across the same garbage across the internet,…
Yesterday’s key rally on stocks saw some major gains in the financial markets with Goldman Sachs and JP Morgan (as was predicted on my facebook page) with their share prices rising by over 8%. At the moment on the S&Ps (ES) we are over-extended and I see the temporary upside…
Gold and Silver tested our patience with their month long consolidation during which all volatility had dried up. They finally broke through the top bracket of their sideways channel (see above video). Link to this post!
There seems to be an unspoken assumption that professional traders have to be “right” when they make a call on a stock or a market. This assumption, in my view, is made by the majority of the public and by novice traders. One of the best lessons I learnt in…
Friday’s breakout of the consolidation on the S&P 500 (futures) may have delighted the “bulls” in this market. However, even with the unconvincing volume behind this move (see chart 1), I remain sceptical. Link to this post!
Most people assume that there are only two stages in the economic cycles: “Boom” and “Bust” – referred to as “expansion” and “contraction” by economists. This two-stage assumption is refuted by some economists who argue that we actually go through five stages: Early Expansion Middle Expansion Late Expansion Early Contraction…
I often get asked which books I would recommend for trading. If I had to make a list, I would not have to think hard as to which ones would be at the top of my list. The books listed below are what I consider to be some of the…