Ahhh, the beauty of swing trading. I believe the Dow Jones Industrial Average bottomed today. Now I could show you a bunch of indicators and oscillators and all sorts of other fancy criteria… but sometimes in life you just need to keep things simple and stick to the basics right? Well the above chart … Read more
We are living through unprecedented financial history right now. It almost seems surreal because I remember having heard so many times about how bad the markets were in 1929 and 1974 but I had never lived through one of them. But now we are right in the middle of one right now and the cold … Read more
This is one sick market! As I was talking about before we were supposed to be entering a window right now of a potential major low because of some strong positive astro aspects according to Larry Pesavento. The positive astro aspects are supposed to kick in between March 4th and March 8th. So it is … Read more
I was stopped out of the DXO ETF position I told you about a few days ago. I re entered today however at 2.32 and will be more flexible about how much downside I can take here. The problem with these double and triple type ETFs is the enormous volatility. Timing really needs to be … Read more
I just went long the Direxion 3X small cap bull ETF shares at 12.70 about 20 minutes ago. Stop is at 12.04. You just have to try going long here. The market is extremely oversold and it seems like we are coming to the end of the world. As I indicated in my previous post … Read more
The Dow Jones Industrial Average is extremely oversold on the monthly chart. In fact it is so oversold based on the 14 day RSI it is one for the record books. I see an oversold reading of 17.5 on the monthly chart. To put this in perspective, the value of 17.5 on the monthly chart … Read more
The S&P 500 SPDR ETF is sitting right now on crucial support. There are a few ways to look at this retest and I have to tell you honestly I do not have a whole lot of confidence in either my bullish or bearish forecast. If you put me up against the wall right now … Read more
Yesterday I went long the DXO double crude oil long ETF. My entry was 2.18 and my stop is at 2.05. This seems like a pretty good risk reward type trade. The price of crude oil itself has come down twice now to the 35 to 40 range. the 35 to 40 range happens to … Read more
In the mid 1990’s a massive bull market took place. Everywhere you turned people were talking about EPS, PE’s, book value, and even EBITDA(earnings before interest, taxation, depreciation and ammorization) and countless other fundamental factors. Who can understand EBITDA? Fundamentals work great in a bull market. Then again, so does throwing a dart at any … Read more
The gold price has accomplished a feat so huge that it may never ever be seen or repeated again for at least half a century or more. So if you are reading this, pay attention because you will probably never see a pattern like this again in your life time. The gold price has formed … Read more