Jan 31
“The main thing about money, Bud, is that it makes you do things you don’t want to do” – Wall Street (1987) It certainly does. Let me confess something. Despite the fact I am a trend follower I happen to like looking for highs or lows in stocks, possibly because of my City / Wall …
Jan 30
Amazon’s volatile week has created an interesting pattern, shall we call it The Scream? I wonder if the Market Technicians Association would accept this into their knowledge base? A screaming buy, or sell?
Jan 30
Looking at charts around the world and concentrating on just the last few months it’s easy to assume that most must be near all time highs. Looking at both the iShares China Index Fund ($FXI), and the SPDR China ETF ($GXC) the rally of the last 4 months has been impressive and is currently offering …
Jan 29
Here’s why. Look at the chart below of the S&P for the last 10 years and please mark where all the Fed meetings were based on the price movement you see. You can’t? But why not? Don’t they mark important shifts or tops and bottoms in the market? They don’t? Oh, okay. How about business …
Jan 29
Yesterday I introduced The System That Trades When I Wouldn’t, a simple trend following system of 10 futures. Today I want to show one of the current open positions it has in the Japanese Yen. It’s short and the position is doing well. For those who aren’t familiar with currency trading the financial media will …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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