The Swiss Like Sterling

Good morning, Friends, on this semi-holiday and quarter end session.  A Swiss National Bank official, apparently finding the market too boring, mentioned that the SNB will be adding more Sterling to its reserves, presumably at the expense of its vast Euro holdings.  While he noted that this will likely take place over the next year, […]

Continue reading

Todd Keeps on Teaching

Todd’s video updates are always worth watching; there’s a ton of valuable information in the course materials, but observing while he puts the techniques into practice helps to build the confidence and patience that are necessary to turn knowledge into profits. The video for September 26 went beyond the 3-minute charts that are TradingConcepts’ bread […]

Continue reading

Doc’s Market Minute, 9/26/2011

A quick thought on how embedded patterns found in nature can also be seen in the charts…..  

Continue reading

The Dollar, Up and Away

Traders, including some very large ones, were not well prepared for yesterday’s combination of Operation Twist from the Fed, and a soft Chinese flash PMI for September, which came in at 49.4 after an August reading of 49.9. When China sneezes, the Australian Dollar catches pneumonia, but only the safe havens of USD and JPY […]

Continue reading

Doc’s Market Minute, 9/22/2011

A quick video showing the three Bearish patterns in play and potential targets for this move.

Continue reading

Bernanke’s Breakout?

In just a few minutes, the FOMC will be releasing a statement summarizing the results of this week’s meeting. One of the techniques that Todd teaches, “The First Half-Hour Breakout” can often be employed when an important economic release or Fed announcement is issued, taking advantage of the resulting volatility. In this case, people will […]

Continue reading

More Glitter for Gold?

Spot Gold (XAU) has had some rough sledding of late, largely staying between the mid- to lower Keltner Channels, and moving below the 61.8% Fibonacci retracement level on an intraday basis, although the closes prior to yesterday have held above it. Moving average support remains some distance away, and generally, this looks more like a […]

Continue reading

A Day for Vigilance – “Risk Off”

Good Morning, Friends. With central banks and sovereign wealth funds long more Dollars than they care to be, and with the Eurozone finance ministers posting goose eggs for their efforts in Poland this weekend,  traders might have anticipated that the currencies that have become havens in place of the Swiss Franc, such as the Canadian and […]

Continue reading

Doc’s Market Minute, 9/16/2011

A quick thought on how the Monthly Options Expiration can affect the dynamics of the stock market. 

Continue reading

Plan B for the Euro?

Good Morning, Friends. With the extension of new swap lines from a number of central banks (including the Fed) to the European Central Bank, concerns over the ability of European banks to cover their borrowing needs in Dollars through year end have abated. That’s a positive for equities; another is the rumor of a TARP-style […]

Continue reading