US Housing and EU Manufacturing
Existing Home Sales came in today at 4.77 million - less than the 4.82 million analysts had been expecting, but still a slight increase from 4.68 million the prior month.… More…
Gold is ending the week at a key support level. If 929.39 continues to hold, we could see a rally week which takes us first to 958.60, and if that breaks possibly to re-test January's high of 1005.98… More…
Existing Home Sales came in today at 4.77 million - less than the 4.82 million analysts had been expecting, but still a slight increase from 4.68 million the prior month.… More…
The idea is that you want to be trading outside of this tunnel. The tunnel can also show you a "squeeze" prior to a break-out forming, which is part of the reason I do no need Bollinger Bands up on my chart… More…
You've probably heard by now that it is absolutely essential to keep a trading journal. Without one, and without taking the time to review it, you could very well end up repeating the same mistakes over and over, rather than progressing. … More…
We get a lot of questions regarding when the best times to trade are. Here are some charts which will hopefully help...… More…
We are approaching a key level for the Japanese Yen vs. the US Dollar, one which proved to be of significance back in March of 2008, and again in November. … More…
The Dow Jones Industrial Average has taken another beating the past two months, dragged down primarily by some of its component companies, including: General Motors, Bank of America, Citigroup, and JP Morgan Chase.… More…
The US just released a Consumer Confidence reading of 25, the lowest on record (the report has been released since 1967). This marks a sharp decline from January's reading of 37.4 … More…
The British Pound has been steadily declining against the US Dollar since reaching its high of 2.1160 in November of 2007. Have we finally reached bottom, or are there further lows in store?… More…
One of the factors which has been center stage throughout this crisis is the price of crude. High oil prices were initially blamed for the fall of the US stock market. And yet, with oil trading at $52 a barrel, we find the Dow still hovering right around 7900. The question on everyone's mind... is what happens to the economy if oil should start to go back up?… More…
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