As I mentioned yesterday this downdraft is likely being fuelled by three factors: – First is the uncertainty relating to the price of oil. I guess you can throw into the bargain various Eur…
As the markets made their declines yesterday it was easy to think here we go again, we make new highs only for them to be taken out by severe retracements almost immediately. That certainly has …
The markets are pretty quiet this week for obvious reasons but very soon we’ll be into earnings season. Earnings season presents us with two different types of opportunity.
Pre-earnings …
Again we nailed the reversal setups last week and you should certainly pay attention to ring-fencing your reversal profits quickly so you can play for the windfall while protecting your profits.  …
Yet again we’ve nailed a key reversal with those specific patterns we look for. Following the specific railroad tracks on Wednesday, yesterday morning I mentioned that the broader markets looked …
My railroad tracks performed a treat for me yesterday with LINE, LNCO and VNR all performing excellently. There’s more where they came from yesterday and we have every c…
Much of yesterday looked hopeful for some sort of bullish response, but the day ended badly and most leaders closed near their lows. On the face of it that sounds as bad as it looked. Howe…
Yesterday saw more red in the markets and we’re now relying on the July highs for potential support for the S&P and Dow. This remains an important support zone with much trading activity whi…
We’re at important support levels for the S&P, Dow and several leading stocks. The cause of all this drama is the unfolding oil stand-off which is creating uncertainty in the markets. …
The financials are by and large holding up while much of the market is consumed by uncertainty over oil. The message today is a reminder to trade what you see! If you do that you will avoi…
