Traders are trying to score big – but they’re playing a sucker’s game. The idea is to buy volatility when it’s low and wait for the ultimate move to the upside. They are dreaming of a move we haven’t seen since 2008 when volatility took off like a rocket ship into space. Back then, the…
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Debunking Current Stock Market Noise Once again, it’s time to turn down the stock market noise. This long bull market has made everyone nervous – no one wants to be left holding the bag when the trend changes. But that doesn’t mean you should listen to what every Tom, Dick, and Harry is saying. During…
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Market noise is just that – noise. You have heard me repeat this message often, and I’m going to repeat it again: Ignore market noise, or it can derail your trading. Why? Because pundits, experts, and analysts cannot predict the future. Only the markets can tell you what’s next. It is important to listen to…
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How to Become a Better Technical Trader During this options trading webinar, we covered one of my favorite topics: how to become a better technical trader. As a veteran technician, my goal is to teach you how to create a clear picture of market action and form your own thesis of what’s happening now and…
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Gold has been shining bright this year as it slowly creeps up with higher lows. It kept getting stopped at the 123 level – until Monday. It zoomed past that barrier on strong turnover, something I like to see. It has certainly suffered from fits and starts, but given the uncertainties around the world, it…
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We traders, investors, and analysts have all been astonished about how long this bull market has lasted – well over eight years and counting. This long run has been accompanied by endless predictions and discussions around “when will the bull market end?” As we know from experience, predictions are a low probability bet. The market…
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Kite Pharma has been a bright light in a rather dim biotech sector. Just look at its performance since the gap up in June. It has risen a whopping 80% – even the dog days of summer cannot slow it down. Because this stock has barely had a pullback, it’s been difficult to get on…
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The stock market has been on a roll for 10 months – and so has stock market confidence. Earnings have buoyed much of this confidence, but it can only do so much. So what happens when it falters? We’ll get to that below. First, let’s look at earnings and confidence separately. Earnings have been awesome…
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First Solar shows a strong bullish chart for 2017. It has made higher highs and higher lows, steadily following the uptrend line toward new highs for the year. After reaching a low in April, the company issued a strong Q2 earnings report and made more highs on strong turnover. The recent rally has created a…
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Now that we are in the middle of August, the media keeps talking about how it’s a “seasonally weak” period. And they’re right. The August stock market is historically weak, but it’s also one of my favorite months for reasons I’ll share below. First, let’s talk about why the month gets such a bad rap.…
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