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Market’s Reaction to FOMC Seems Odd
I’m not a macro guy, mainly because none of the macro experts can ever agree on anything, and so much is based on interpretation in any case! For me, Wednesday’s FOMC meeting didn’t seem like the panacea that should justify the immediate euphoric market reaction. But what I “think” is irrelevant! In one article alone I read that GDP was expect to grow more than anticipated, but there were dangers of the economy softening … much like my brain felt after I’d read several sets of two polar opposite possibilities just a few sentences apart inside the same article! What about inflation and jobs? And the Fed’s resulting interest rate policy? Again, opinions and counter opinions all in the same piece, thereby rendering the article pretty unhelpful overall. So, last week I had suggested
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Market Set for a Rest
Last week’s headline was “NVDA takes a breather and the market could follow”. That was a pretty spot-on headline as
Nvidia Takes a Breather and the Market Could Follow
Last week we got the new highs that we anticipated, but Friday was one of those days that could herald
Post Earnings Setups Providing The Best Quality
Volatility dropped last week, culminating in a sharp uptick on Friday. The indices are having a great time with no
Again! Trade What You See
Hi Everyone
Just another reminder of the most important lesson of trading …
“Trade What You See”
Remember Warren Buffett’s quote: “Forecasting tells you a lot about the forecaster…
Trade What You See
Hi Everyone,
As you must know by now, my trading mantra is: “Trade What You See”.
Having an opinion can be very costly in trading and you’re always better off not having one! Just trade wh…
The OVI Shows the Way
Hi Everyone
If you ever wanted an indication of the power of the OVI you witnessed it today. All the indices buckled – note my email/blog yesterday which highlighted that while the markets had b…
Market Update 22 February 2010
Hi Everyone
Last week’s Jobless Claims and PPI (inflation) figures came and went without too much fuss, with the markets trundling upwards but with low volume.
What’s interesting is…
Why We Only Trade Breakouts
Hi Everyone
The markets came roaring back on Thursday albeit on moribund volume. Remember though, one swallow doesn’t make a summer. Are we headed for new highs or is this part of the ine…
More Sideways Action Required
Hi Everyone
More sloppy action in the markets yesterday – 3 of the last 4 bars in the S&P and Nasdaq have been doji-like with wide ranges and the open and the close near to each other.
This …
Market Update – 9th February 2010
Hi Everyone
Very weak action yesterday – with the main indices only poking through Friday’s high temporarily before slumping again. This is bearish, but still don’t be surprised if we see some s…
Urgent Market Update – 5th February 2010
Hi Everyone,
Friday’s afternoon session saw a massive rally on the indices and across the board. By some luck as well as judgement (I was a bit wary about the impact of the Employment Report so …
Options Symbol Changes
Hi Everyone
You may have noticed that all the options symbols for US stocks have changed. I’ll post more about that in due course. The net result willbe beneficial in the long term as the …
Market Update 28 January 2010 – Retracement on the Cards
Hi Everyone
Yesterday’s late rally suggests a wider retracement for the next few days. Current bear flags may turn into rounded bottoms, and weaker stocks will consolidate further until the next…