Despite the bears, the US share market continues to press against new highs. The Cash S&P 500 closed at 212990 after reaching 213171 intraday. The record high remains the week of May 18th, 2015 when it reached 213472 closing at 212606. The highest weekly closing was the week of July 13th, 2015 at 212664. Therefore,…
We’ve officially hit July. By now, most of us have forgotten our New Year’s resolutions to exercise more, and instead we spend our time inside of our air conditioned homes eating basically whatever we want to. Well, at least that what’s what I have been doing. However, I’m here today to introduce a new concept:…
Last week, SPX traded within inches of its all-time high. After a much better than expected jobs report on Friday, bulls took control and drove the SPX up to 2131.71, only 3 points from the 5/15 high of 2134.72. Some profit-taking occurred in the last minutes, and it closed at 2129.39. This puts it at…
Thomas Bulkowski has been researching chart patterns for years. His Encyclopedia of Chart Patterns was first published in 2000 and became an instant classic. Since then he has written several more books on trading and chart patterns, including Trading Classic Chart Patterns, Getting Started in Chart Patterns, Encyclopedia of Candlestick Charts, Visual Guide to Chart Patterns, and a three-volume series on the evolution of a…
With almost nothing moving the markets due to economic calendar events on Monday, we will focus on the jobs number from Friday. The United States added 270,000+ jobs during the previous month, and as a result will have an influence on the following three markets, thereby having us pay attention. Gold The gold markets initially…
Fundamental Forecast for the Yuan: BEARISH China’s Market News: PBOC Addresses Weakness in Yuan Index China’s Market News: China Unleashes Revised GDP Calculation Method What Are the Traits of Successful Traders? Get FXCM’s Free New eGuide The onshore Yuan lost against the US Dollar for the fourth consecutive week and hit new lows at levels not seen since…
Here we go again. Another Friday. Another attempted breakout above the 2100 level on the S&P 500. Over the last couple of months, as shown below, this has become a regular occurrence. While the market is once again extremely overbought on a weekly basis, the employment report on Friday which showed a historically abnormal surge…
In a volatile and sideways market like we are seeing this summer, one way to get some positive pop in your portfolio is to hold stocks that announce higher dividends. The market likes dividend increases and such announcements usually produce a nice share price gain. The secret is to know which stocks will make a…
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the…
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the…
