Today’s market action was a good reminder that sharp moves, rotations, and emotional swings are completely normal in this type of environment. After yesterday’s strong gap higher on news, today we saw a meaningful pullback in many of the more speculative areas of the market. That should not come as a surprise. News-driven moves often…
In the past two weeks, stocks have struggled to break through resistance and extend the holiday rally. I wrote about it in the post Stock Indexes Rejected At Resistance Signal Another Correction. But what is a more bearish sign is seeing commodity prices starting to fall. There are a couple of reasons this is a warning signal…
Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American stock trader who made a $100 million trading profit by shorting stocks in the great crash of 1929. He is considered a pioneer of day trading and was the basis for the main character of the best-selling trader’s book by Edwin Lefevre…
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Making predictions regarding forex market movements may be a difficult task. However, modern traders have access to more resources and tools than ever before. Forex (short for “foreign exchange”) is one of the most popular and busy markets in the world. In terms of it, more than $5 trillion a day is traded, making billions…