Featured Breadth Chart of the Day: Crazy high on the NHs/NLs. If we bust out to new highs, we could go on a tear. Quote of the Day: An adventure is only an inconvenience rightly considered. An inconvenience is only an adventure wrongly considered. –G.K. Chesterton Comments and Levels for the Front (S&P 500 – […]
I recently came across a quotation that made me think of traders
Japanese yen futures completed a daily bullish harmonic pattern, a Butterfly, that has retraced to its ideal minimum target. This retracement is shallow if price cannot push higher than .009935, and a shallow retracement for a bullish pattern is a sign of weakness. The day chart shows that the Bullish Butterfly pattern completed at .009486. […]
The Reserve Bank of Australia moved from dovish to neutral last night as they scrapped the language expressing concern about the strength of the Australian dollar and concluded that “the most prudent course is likely to be a period of stability in interest rates”.
All eyes on NFP as the daily grind continues, no relief from ECB, as 5yr anniversary of lows approaches
Collective Intelligence! Looking forward to the weekend! However, in my spare time … over the last month or so there has been chatter and headlines comparing the near term, 2014 with 2013. Chances are perceived to be low that the equities follow the same path as 2013; that is not meant to be interpreted as […]
Jack Broz of Broz On Bonds reviews activity from Wednesday and provides education about bonds.
This article describes my thinking and planning before and the results AFTER Wednesday’s 5YR auction. As always, this was a real trade which I sent out to my clients and MrTopStep Trading Room members. [Ed. note: Jack's post may seem brief, but it works on the iceberg principle. Every sentence has a lot of context […]
According to Henry Marcell, Chicago and Chicagoland drivers will pay more at the pump for two reasons.