Thu Sep 19, 2013 4:42pm EDT * Hopes of low U.S. interest rates, no Fed taper boost gold * Short-covering helps drive gold’s rally after Fed * Gold seen bottoming on charts * Coming up: CFTC Commitments of Traders report Friday (Adds trader comment, technical analysis, second byline, dateline) By Frank Tang and Clara Denina…
The Lovely: The Fed Continues Printing $4B/Day! Good: Stocks are strong Industrial production matched estimates and rose 0.4% in August after being flat in July. Read here The consumer price index (CPI) rose by 0.1% in August which missed estimates for a gain of 0.2%.Read here No Taper, Fed stays the course and continues QE Read here…
Way To Big Too Fail & Respect Risk: People never fail to amaze me. The one constant in life and in markets is that human nature never changes. It has been 5 years since Lehman failed and the entire global financial system came to a grinding halt. What changed? What lessons have you learned? The single…
STOCK MARKET COMMENTARY: FRIDAY, SEPTEMBER 13, 2013 The market is acting much better after another very brief pullback in both size (% decline) and scope (weeks, not months). Several of the external “fears” that plagued Wall Street since early August have eased. Last week Syria agreed to surrender its chemical weapons so that helped offset…
The S&P 500 is getting stronger, not weaker and this chart illustrates why: It was very healthy to see the S&P 500 break and close above: 1. The downward trendline of its large triangle pattern (shown) 2. Its 50 DMA line (which is now support) 3. The middle of its double bottom pattern. The…
The Lovely: Fed Meets Next Week and a lot of open questions: Taper? Not Yet? How Much? Good: Market and leading stocks acting well China said its exports rose by 7.2% in August, topping estimates for a 6% gain. Read here US consumer credit growth rose at a 4.4% annual rate in July expanding by $10.4…
Not just in life but a lot of this applies to trading/investing: The Seven Step Process for Setting and Achieving Your Goals First, decide exactly what you want in each area of your life. Be specific! Second, write it down, clearly and in detail. Third, set a specific deadline. If it is a large goal,…
9 Countries And Their Tumultuous Experiences With Deleveraging AUG. 27, 2013, 12:47 PM As China engages with its credit problem, Morgan Stanley’s Jonathan Garner asks in a new note, “Can China achieve a ‘beautiful’ deleveraging?””This phrase was first coined – by Ray Dalio of Bridgewater Associates – to describe a process whereby a country brings…
6 Steps of the Scientific Method Get Powerful Ideas DIRECTLY TO YOUR INBOX Does this help improve your investment approach? The scientific method is a way to ask and answer scientific questions by making observations and doing experiments. The steps of the scientific method are to: Ask a Question – Should…
Trading Lesson The stock market is constantly evolving and every day I work to improve how I trade it. Year after year I use the same basic principles and methods, just apply them in different ways to suit the current market conditions. One of the constants that never seems to change is human nature- how…