You can not predict markets with any high degree of success, or the duration and extent of a market move, but you can anticipate and pinpoint high probability reversal or acceleration price and time zones with a positive mathematical expectation of success. However, when a market nears a potential turning point you must look for… [Read More]
The SPX finished last week +2.0% to 1666.12 and has advanced 17 of the last 21 trading days [80.9%] from the 1556.03 low at the 50DEMA on 4/18/13. The “Fed Rules’ as it has been able to continue inflating the “bubble” despite the negative economic and fundamental misses/below expectations. There is an incredible “herd mentality”… [Read More]
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…. [Read More]
The SPX declined -3.8% in 5 days from the 4/11 1597.35 high to the 1536.03 low last Thursday. There was Fib Time Ratio symmetry on 4/12/13 measured from the 4/2/12 and 9/14/12 highs [1422.38-1474.51], and the market was extremely O/B on a momentum and sentiment base in all-time periods. The SPX had also taken out… [Read More]
The SPX advanced +17.2% to the 4/2/13 1574 high from the 11/16/13 1343 low, having taken out the 1365.15 previous bull cycle high close, but not the 1576.09 10/11/07 bull cycle high. The monthly SPX 5 RSI of 87.40 on 4/2/11 was and is extremely extended, and the risk reward in that zone is obviously… [Read More]
Professional trader Kevin Haggerty discusses current market conditions and the strategies traders can put to use in this market environment.
From the Fed’s QE2 to the crisis in Europe, volatility in the U.S. dollar has been a boon for traders. Kevin Haggerty explains why in today’s commentary.
The Fed’s continuing influence in the market, the USD, plus the equity and commodity markets are all among the issues Kevin Haggerty tackles in this week’s no holds barred commentary. Read more for what he sees in store for the market this week.
Kevin Haggerty says the market is extremely extended, and the Fed’s continuing efforts to manipulate the equity market is to blame. Read his commentary for more and prepare yourself for the trading week ahead.
The mid-term elections are on Tuesday and Bernanke makes a QE2 statement the following day, so there might be some “sell on the news” market action says Kevin Haggerty. Read more of his take on what to expect in the market today and in the next coming days.