Stock Market Summary – May 18, 2012

My weekly stock market summary is now available on Investopedia, providing an outlook on the major index ETFs–SPY, DIA, QQQ and IWM: May 18, 2012 Market Summary Markets continued to decline this week, erasing most gains seen since the middle of January. For the first time since January 18, the S&P 500 traded below 1300,…



14 Elliott Wave Trading Insights You Can Use Now

14 Elliott Wave Trading Insights You Can Use Now Triangles offer an important piece of forecasting information  May 14, 2012 By Elliott Wave International There’s no shortage of books about trading these days, and you could read for months before you come across one that might apply to your trading style. The free 45-page eBook The Best of…

Stock Market Outlook and 3 Questions to Ask of Your Trading Plan

Stock and Commodities Outlook In a recent Oil and Gas Investments Bulletin I looked at the relationship between commodities and stocks. Moving in virtual lockstep over the last few years the two asset classes have recently decoupled. In this article I explain what I believe the decoupling implies and ultimately where I think it will take the…

Stock Market Summary – May 11, 2012

My stock market summary and outlook which looks at 4 major stock market ETFs (SPY, DIA, QQQ and IWM) is now available on Investopedia: May 11, 2012 Stock Market Summary After a sell-off last week, this week prices managed to stabilize in the major index ETFs. The prior correction threw up warning flags as several support levels were broken, but…

Forex Breakouts, False or Legit? – EURUSD, USDCHF and USDCAD

As I look at my charts this mornings I notice several support/resistance levels broken. The EURUSD and USDCHF broke out this morning–with one of those breakouts appearing false and the other legit. The USDCAD also broke out several days ago but reversed shortly afterwords. Therefore, here are my thoughts along with what I am doing…

Are These 4 Emotional Pitfalls Sabotaging Your Trading?

Are These 4 Emotional Pitfalls Sabotaging Your Trading? [Originally Published] August 13, 2009 By Jeffrey Kennedy The following is an excerpt from Jeffrey Kennedy’s Trader’s Classroom Collection. For a limited time, Elliott Wave International is offering Jeffrey Kennedy’s report, How to Use Bar Patterns to Spot Trade Setups, free. [Emotional Pitfalls:1] To be a consistently successful…

AUDUSD Analysis – Multi Time Frame – May 4

If you have a questions about the analysis see the How to Use the Analysis post. If that does not answer your question, then please leave a question or comment at the end of the analysis. AUDUSD Analysis — Multiple Time Frame Analysis – May 4, 2012 Cory Mitchell, CMT Recent Events: After creating a higher high on…

Kweku Adoboli: The Rogue Trader Who Needed A Miracle

Kweku Adoboli: The Rogue Trader Who Needed A Miracle By Jenny Short In September 2011 things were not much different from how they are now. Large parts of the world were still trying to reckon with the financial crisis which has brought about huge amounts of unemployment, the death of countless businesses and just general…

Where is the Stock Market Headed – S&P 500 (SPY) Analysis

Where is the Stock Market Headed – S&P 500 (SPY) Scenarios Cory Mitchell, CMT The chart below was sent out recently in the free weekend newsletter. It shows three profit target scenarios which could play out over the coming weeks (two scenarios) and possibly months (the other scenario). The yellow lines on the chart mark…

USDJPY Analysis – April 29, 2012

If you have a questions about the analysis see the How to Use the Analysis post. If that does not answer your question, then please leave a question or comment at the end of the analysis. USDJPY Analysis – April 29, 2012 Cory Mitchell, CMT Recent Events:  The pair closed at the low of the day on…

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