To me, there is no straighter shooter than Fed Chairman Ben Bernanke. For years he has been telling us his plans, contingent and real – and he has not deviated once. He tells the truth and although his tactics are unconventional, in 2008 we had certainly not been in a similar situation for nearly 70 [...]
Volatility is considered a trader’s friend, yet the trend has been pointed down for months. What’s a trader to do? Does this mean all is fine in the world, nary a worry? Hardly so, but the short term unknowns have been revealed and the market is saying ‘rock on’. All we need to see is [...]
During this session we discussed the recent market action, several charts and the latest Fed activity. We had a special guest, Danny Riley from mrtopstep.com talking about futures trading and the outlook for markets and expiration week upcoming.
Today we have a world awash in debt, low growth and political spin that would make any talk show proud. The political landscape is divided so far that they cannot come together to get any job done. Therefore, central bankers have decided to step up and make bold moves – and for turning psychology, it [...]
It used to be those late summer days of trading were so slow that it felt like the market was in a food coma following that big Thanksgiving meal. The early summer rallies would give way to lethargic action because not only are there no holidays in August here in the US but political wranglings [...]
Do You Believe?
I believe that we will win! (heard loud and often at SDSU Aztec basketball games) The President believes, and even the Fed Chairman believes. I think most of the world reluctantly would agree with them. Santa Claus? No, we all know he’s real. The Aztecs? Of course, but we’re talking something a bit different. And [...]
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