8 Rules That Simplify Futures Trading
I never knew where my first job on the trading floor was going to lead me. It started as a runner in the grain room at the Chicago Board of Trade (CBOT) making $70 bucks a week. It then took me into the bonds where I got to know Tom Bladwin who turned $15,000 into […]
Getting Ready for Thursday Morning’s Trading May 9, 2013
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Thursday morning. The following securities are the most oversold and overbought according to ConnorsRSI for Thursday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener. Today’s Market Conditions Name Symbol […]
Getting Ready for Wednesday Morning’s Trading 5/8/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Wednesday morning. The following securities are the most oversold and overbought according to ConnorsRSI for Wednesday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener. Today’s Market Conditions (Click Symbol […]
Breaking with Tradition – Why I Don’t Use Technical Analysis: Part 2
Traditional technical analysis is purely inductive reasoning that purports to observe reality, but because it lacks the most important input for any statistical model—that of the testable hypothesis—it lacks any ability to say anything concrete. The scientific method is a form of positivist methodology, which centers on the falsification of a hypothesis or theory. If, […]
Fantasy Markets is The Game
The SPX was +2.0% last week closing at a new cycle high of 1614.12 on Friday. This was accelerated by the NFP “fantasy report” from the Bureau of Labor Statistics (BLS), which you can never distinguish whether it is reality or fiction. Regardless of the report’s credibility the market reaction was +1.0% for the SPX. […]
Getting Ready for Tuesday Morning’s Trading 5/7/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Tuesday morning. The following securities are the most oversold and overbought according to ConnorsRSI for Tuesday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener. Today’s Market Conditions (Click Symbol […]
Breaking with Tradition – Why I Don’t Use Technical Analysis: Part 1
At its core, technical analysis is a means of using our brain’s amazing ability to recognize patterns, but with that comes a price.
Getting Ready for Monday Morning’s Trading 5/6/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Monday morning. The following securities are the most oversold and overbought according to ConnorsRSI for Monday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener. (Click Symbol for More Details) […]
The Power of Trading The S&P 500
Recently we’ve been working on an S&P 500 mean reversion strategy. The entry rules are very straightforward: When a member of the S&P 500 closes with a low ConnorsRSI value and satisfies one other filter, buy the next day on a limit order. The exit rule is even simpler: sell when ConnorsRSI closes above a […]
Getting Ready for Friday Morning’s Trading 5/3/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Friday morning. The following securities are the most oversold and overbought according to ConnorsRSI for Friday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener. (Click Symbol for More Details) […]
10 Reasons to Be Both a Trader and Investor
I wear two hats. One is my green trading hat. The other hat is a yellow investing hat. Why two hats? Because there are two different realms in finance in terms of how we accumulate money. These hats are metaphorical, but they serve a distinct purpose. Here are 10 key reasons to be both a […]
Getting Ready for Thursday Morning’s Trading 5/2/13
Here are the stocks, ETFs, and Leveraged ETFs you need to know for Thursday morning. The following securities are the most oversold and overbought according to ConnorsRSI for Thursday’s trading. Click here to download your free copy of An Introduction to ConnorsRSI. This Watchlist was created using the TradingMarkets Screener. (Click Symbol for More Details) […]