Edging Higher, Edgily

Good morning, and Happy Friday. I was looking for more, frankly, on the back of a decent non-farm payrolls number. It appears that those most vulnerably short have already covered, leaving traders to decide if they really want to put on new or additional long positions after an almost-hundred point move since Tuesday afternoon. In most cases, the […]

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Doc’s Market Minute, October 6, 2011

A quick video on how you can look at the symmetry in the markets to determine when they might be ready to change direction.

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Is the Pop Just a Blip?

Good Morning, Friends. We got the much-anticipated bounce late yesterday, which was supposedly occasioned by an absolutely banal comment concerning Eurzone bank capitalization by European Commissioner Olli Rehn. Suffice it to say on that subject “EU says no concrete bank recapitalization plan right now.” So, here we are, and most of the people to whom […]

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“What We Have Here is Failure to Bounce”

My goodness, that was another brutal selloff into the close, wasn’t it? In both the hourly and the daily time frames, the stochastics are so oversold that they’re in danger of falling off, but there is nothing as yet in the vertical bar patterns to suggest an imminent reversal. In fact, on the hourly chart […]

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Lower on Monday?

The selling in the final minutes of Friday’s session was so relentless that I assumed it was machine driven; programs set up to press harder as the market went lower. There weren’t many people left around by that time on Friday, fewer of whom were looking to trade aggressively, but computers don’t generally go anywhere […]

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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, […]

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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 […]

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Doc’s Market Minute, 9/26/2011

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

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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 […]

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Doc’s Market Minute, 9/22/2011

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

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