Finding a Long Legged Hammer Candlestick Trading Strategy Part One

I have been trying to come up with a valid long legged hammer candlestick reversal trading strategy.  So far I am still in the exploratory stages and have not been able to come up with a perfectly clear system on how to trade them. I am mostly interested in the LONG LEGGED (also known as … Read more

Yahoo Finance On Top of the Gold Price Trend !

yahoo

Congratulations to Yahoo Finance!  Have you noticed this yet?  Yahoo Finance on their homepage has included both the oil price and the gold price on their main quote summary section on the top left of their site.

Previously there was just the Dow, Nasdaq S&P500 and the 10 Year Bond, but now they have included these two commodities on their main page.

I believe this occurred near the time when gold hit above 1000 per ounce.  Perhaps it was some time before that (I don’t have the exact date) but still I find it to be a fascinating psychological trading imprint of sorts in the history of the gold/commodity bull market so far.

By putting oil and gold on their main home page finance section they have legitimized this market sector and maybe opened the doors for more mainstream investors to come into or at least follow the commodity market.

But I consider Yahoo Finance to be more cutting edge and on top of more subtle market trends.  But still, it took them until 2009 to finally acknowledge gold and oil on their main quote page.

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US Dollar Leopard versus The Wildebeest Herd Complacency Trade

Did you ever use to watch those nature shows on PBS where they showed massive herds of animals in Africa?  I used to watch those shows as a kid and it was always somewhat fascinating to see those large herds of animals feeding there but then suddenly get spooked and almost ALL at ONCE start … Read more

SP500 Breaks First Critical Wedge Support Today on Heavy Volume

The SPY slammed down through first trendline support today on substantial volume and once again confirmed the bear case that I have been talking about this week.  It was really bearish action today and the dip buying that used to work so well in recent months clearly failed this time. Right now I am thinking … Read more