Understanding Candlestick Patterns - Kicking

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point. If you like this article, Larry’s also agreed to give you free access to one of his top trading secrets.

I think it's time for another look at Japanese candlestick analysis. Let's take a closer look at kicking, widely considered a high reliability pattern in candlestick charts. Continue reading "Understanding Candlestick Patterns - Kicking"

Time Was on My Side with Amazon

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way…

Charles Dickens, A Tale of Two Cities Continue reading "Time Was on My Side with Amazon"

Advanced Technical Indicators - Bollinger Bands

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple. If you like this article, Larry’s also agreed to give you free access to his favorite technique.

Let's take another look at a more advanced technical tool - Bollinger Bands. These were developed by John Bollinger in the 1980s. In simple terms, they use a simple moving average and standard deviations to give a different perspective on potential highs and lows. Continue reading "Advanced Technical Indicators - Bollinger Bands"

Lowest Trailing P/E Ratio In 2 Decades, But...

Today we have a special guest blogger, Price Headley of Big Trends. Price is a Traders Hall of Fame inductee and is a regular contributor on CNBC, Fox News and Bloomberg Television, and in a variety of print and online financial news outlets. Today Price will share some of his insight on the recent sell-off and his predictions on the week ahead. Be sure to look over Price’s shoulder as he trades with 3 Months of his Investor’s Edge Newsletter FREE!

If you thought two weeks ago was rough, last week's 7.0% slide made the previous week's 4.0% pullback look like child's play. There is sort of' a bright spot in there though, IF the bulls play their cards right and the bears still aren't angry. (That's a big if though.)

Before we slice and dice the market though, let's run down last week's and this week's big economic numbers.

Economic Calendar:

Even relatively good news was treated like bad news last week by expert market analysts. Mainly, a slightly optimistic employment picture still didn't stave off some serious selling. The unemployment rate fell from 9.2% to 9.1%; job creation easily topped the expected figure of 100K with 154K new payrolls added, and unemployment claims basically held steady. Nobody cared. Continue reading "Lowest Trailing P/E Ratio In 2 Decades, But..."

What is this confidence thing all about?

I was recently talking to James Mound, Founder of Futures Press Inc. We started talking about current market conditions and why he thought a majority of the "predictions" he was hearing were pretty far off base. I must admit he had some good points and I asked if he would do a guest post to address some of the issues. Take a look and be sure to comment with your thoughts. If you like what you see be sure to visit James here.

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I apologize in advance if this particular report offends any analysts or traders as it is not my intention. I am here to tell it like it is, and right now many of the pundits have it DEAD WRONG about the future of the stock market, the dollar, bonds and commodity prices.

The world’s financial industries – currencies, interest rates, stocks, real estate and commodities – are all being driven by one critical issue.  That issue is confidence.  If you can predict the future track of investor confidence you might be able to forecast these critical industries and that is what I am going to do right now. Continue reading "What is this confidence thing all about?"