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Anatomy Of A Successful Trading Strategy

Anatomy Of A Successful Trading Strategy

We are about to get a low-risk buy point in the stock market. It’s very late in the daily cycle. Stocks are in the timing band for one of those buying opportunities where you can put your stop right below the cycle low and risk is very small. But most people trade emotionally instead of […]
China Issues First Dollar Bond Since 2004, Bails Out Corporate Liquidity

China Issues First Dollar Bond Since 2004, Bails Out Corporate Liquidity

Despite downgrades from the rating agencies, China is issuing its first sovereign dollar bond issues in 13 years on an unrated basis (what do the agencies know anyway) and at tight spreads to US Treasuries. The 5 and 10-year issues come just over a month since S&P cut the nation’s rating one level to A+ on 21 September 2017. […]
EUR/USD Flirts With Disaster As Post-ECB Sell-Off Targets Key Support

EUR/USD Flirts With Disaster As Post-ECB Sell-Off Targets Key Support

EUR/USD Daily Chart Technical Outlook: The post-ECB Euro sell-off is approaching a key support confluence at the 1.1679-1.1707– a region defined by the lower median-line parallel, the 23.6% retracement of the 2017 range and the 100-day moving average. Note that the monthly opening-range lows also converges on this region further highlights the technical significance of this zone. A break / close […]
September 2017 Pending Home Sales Seasonally Adjusted Index In Contraction

September 2017 Pending Home Sales Seasonally Adjusted Index In Contraction

The National Association of Realtors (NAR) seasonally adjusted pending home sales index was unchanged. Our analysis says it declined. The quote of the day from this NAR release: …the quest to buy a home this fall continues to be a challenging endeavor for many home shoppers … Analyst Opinion of Pending Home Sales The rolling […]
Are The Indices Ending 5 Waves Or Not?

Are The Indices Ending 5 Waves Or Not?

The Elliott wave Theory is a famous trading tool and is based on the idea that the Market advances in 5 waves and corrects in 3 waves. The Theory has some basic rules which are listed below 1) Wave 2 never retraces more than 100% of wave 1. 2) Wave 3 cannot be the shortest of […]
Euro Completes Bearish H&S Pattern

Euro Completes Bearish H&S Pattern

 
Celgene Tops Q3 Earnings, Sales Miss, Updates View

Celgene Tops Q3 Earnings, Sales Miss, Updates View

Celgene Corporation (CELG – Free Report) reported mixed results in third-quarter 2017 wherein earnings beat expectations but sales failed to meet estimates. The company reported adjusted earnings of $1.91 per share which beat the Zacks Consensus Estimate of $1.88, up from $1.58 in the year-ago quarter. Total revenues grew 10.2% to $3.29 billion in the quarter but missed […]
EC
                        
                        Long The World

EC Long The World

I am going to melt your brain today. Vanguard has an ETF that allows you to get long world stock markets. The ticker: VT. This raises all sorts of interesting philosophical questions. You see, if you are long every stock in the world, you are basically long global economic growth. Which is weird! Who has an opinion […]
Pending Home Sales Flat, Stuck At Two-Year Lows: Visible Hurricane Impacts

Pending Home Sales Flat, Stuck At Two-Year Lows: Visible Hurricane Impacts

  Pending home sales for September, an advance indicator of existing home sales was flat for the month. Economists expected a gain. The Econoday pending home sales consensus for september was a gain of 0.4% in an extremely wide range of -1.9% to +1.9%. The NAR reports the index was flat vs August at 106.0, down from […]
The Most Active Equity Options And Strikes For Midday – Thursday, October 26

The Most Active Equity Options And Strikes For Midday – Thursday, October 26

 Top Tickers for Most Active Equity Options and Strikes for Midday, October 26