TRENDING
And here we are – the last trading session of 2014. It’s been an exciting year to say the least with plenty of nasty traps along the way. But we made it through just fine, consistently banking coin all year, by simply sticking to our guns (i.e. charts) and of course by persistently honing our game. Trading is a constant arms race and stagnation equals slow death – the sharks are constantly circling. I for sure am a better trader today than I was last time I drafted my final post for the year. I am glad you all were along for the ride and hope your accounts are better for it. Now let’s wrap things up Evil Speculator style – with an exhaustive long term [...]
This is the most inert holiday season I can remember. Honestly, I’m starting to get bored here – next year I may just take the remainder of December off after the 15th. Slim pickings across the board since everything continues to push sideways. Which of course makes it difficult to define any type of technical inflection points.
The only good news is that those Bollingers are getting tighter and tighter. Big move coming! Which direction, well – I’ll tell you as soon as my crystal ball is back from the shop.
The YM is near the lower range right now and we’ve got a NLBL at 17,975. Not a bad spot to be long with a stop below [...]
Welcome back to fun house! I trust you all enjoyed a fabulous time with your friends and families or simply enjoyed kicking back for a few days. Mrs. Evil and I wound up watching two entire seasons of Homeland and now we are hooked! So judging by the comment stream some of you guys were starting to get a bit bored. About time the markets re-opened again before things got out of control 😉
Unfortunately not much is going on just yet. Across equities the holiday snooze has squeezed those hourly Bollingers to the max and I expect a bit of acceleration here today or tomorrow. No great entry opportunities as of right now as we have little context. One could make a case for [...]
I poked around my charting universe and didn’t find anything worth reporting. Markets are pushing sideways across the board with equities hovering near their all time highs. I don’t think much is going to happen here this week but given where we are on the equities front we’re most likely are going to finish the year with a bang. Let’s take this opportunity to revisit the big picture.
I think our point and figure chart really speaks clearly here, in particular as it focuses on the big picture and doesn’t concern itself with time, only price counts. In the past two months we have witnessed two medium term retracements, both of which however [...]
