If history repeats itself, then we could expect a temporary bounce in the US Market Indices, and perhaps even a market bottom from here. So far this month, the old saying “Sell in May, and go away” has proven to be a good strategy, with most stock markets down by…
As the 800 pound gorilla of social media marketing, Facebook Inc. (FB), gets its launch today on the NASDAQ, we ask what are the biggest risks with investing in this stock. With a valuation of over $100 billion and an initial price set at $38, the Facebook IPO has been…
There seems to be an overwhelming consensus in the media that Greece could well be leaving the Euro. Even bookmakers are placing high odds on the prospect of a Greek exit. Link to this post!
Research In Motion (RIMM), the makers of Blackberry smartphones, arguably has not found much love with Wall Street. The Street’s favourite still remains to be Apple (AAPL). While Apple’s stock price has almost doubled since April 2011, RIMM has been “bleeding like a pig” and is down by 72%. In…
This article is by our guest contributor and trader Goncalo Botelho. When I usually mention to people I’m a trader, it doesn’t take long until they throw out the word “play” somewhere into the conversation and it hits me every single time. This notion that trading is somehow a casino…
Gold and Silver look like they could be a short sellers wet dream right now. Gold is struggling to get past resistance at the daily 21 Moving Average and the downward trend-line. It is also worth noting the action on the US Dollar index which is looking increasingly bullish right…
Greg Smith, the former Goldman Sachs executive director, has said that he has fallen out of love with the Goldman Sachs’ culture – which has “disappeared” – and that Goldmans no longer put their clients’ interests first. Greg – come on, give me a break! Tell me something we don’t…
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…
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…
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…