When Casey Research Chief Technology Investment Analyst Alex Daley met former Reagan Budget Director David Stockman to talk about the economy and where he sees it leading taxpayers investors and savers in the near future, he got some very intriguing insights from a man who served right at the heart of the US federal government.
In the not-so-distant past arguing that precious metals prices were setup to fall generally elicited a response which was not real pleasant. In fact, during gold’s infamous bull market rally on several occasions I called for pullbacks which regardless of the accuracy of my call generated hate mail that seemingly never ended.
Fast forward to the present and hardcore gold bugs remain transfixed on the idea that precious metals must rise. The gold bull market has ended, at least for now and those still holding the bag are looking at large losses from the all time highs set back in 2011.
These same gold bugs will cite a litany of reasons why gold should be moving higher from the unprecedented printing of money by global central banks to the deficit spending and eventual fiscal day of reckoning facing most Western nations. I do not disagree with the gold bugs that in the long run gold prices will rally above the all time highs, but in the short to intermediate term there are several forces which have the potential to drive gold prices lower. Continue reading "Gold Prices Are Set for Further Decline"→
Today we've asked Kenny Mann of Traders day Trading to share his ideas on Elliot Wave Theory and why you should be interested as an investor.
Elliott wave theory suggests that stock market prices tend to ebb and flow in recurring wave like patterns that can enable us to identify high probability trading opportunities. The knowledge gained from recognizing where the market is within one of the wave patterns, can help us to stay in a trade longer so as to maximize profits, whilst also ensuring that we know when to get out, if the market should turn against us.
What is Elliott Wave Theory?
For most people with even a passing interest in stock markets and trading, the name Elliott is usually a very familiar one. Ralph Nelson Elliott was a well respected accountant who through ill health, had a lot of free time on his hands and spent much of it studying the stock market. It was the 1930’s and a particularly interesting time in the markets. Continue reading "What is Elliott Wave Theory and Why Should I Be Interested"→
Today we've asked Brian McAboy from Inside Out Trading to help you build up your confidence as a trader. For over 6 years, Brian McAboy has been helping traders become successful and self-sufficient, providing training, coaching and resources that tap on his expertise as a "Success Engineer" from his Quality Assurance days. His experience as a trader, Trading Coach, Business-Consultant and Certified Quality Engineer give you the practical edge to become a great trader and enjoy what trading offers.
Has your confidence been shaken in your trading? If you’re like most traders, your confidence has been beaten down by the markets – or so it would appear. In reality, the problem goes beyond those losing trades that are easy to blame for the current state of affairs. In this article, we’ll take a look at the real reasons why you’re not feeling nearly as confident as you’d like, a fatal assumption that keeps you stuck in that lousy rut, and the simple steps you can take immediately to build your confidence – the right way so that it lasts. Continue reading "How to Build Confidence If Yours Has Been Shaken"→
Today we welcome Michele Schneider to the Trader's Blog. Michele is going to share with you how she uses the 200 day moving average to trade. Michele "Mish" Schneider is the Director of Trading Education & Research for MarketGauge. She provides in-depth trader training as the market analyst, writer and host of Mish's Market Minute, contributes to several online trading publications a series of trading strategy articles called Taking Stock, and serves as a regular contributor to MarketGauge's free newsletter Market Outlook.
The 200 day moving average may be the granddaddy of moving averages. Simply put, a financial instrument that is trading above it is healthy; below it, anemic. The 200 day moving average measures the sentiment of the market on a longer term basis. This is where major players like pension plans and hedge funds need to look in order to move a large amount of stocks. I display it on all my workspaces proudly, formatted in emerald green and real thick so I can't help but notice. Continue reading "3 ways to the use the 200 day moving average"→