Breakout
Silver is sitting on long-term support, with good potential downside below. There are a few things to think about here: First, this will not be a clean or easy trade; this is a trade that we have been stalking specifically for nearly a year, and have been leaning heavily short
Breakout
[dc]C[/dc]urrencies have been difficult technical trading for the past several quarters. This is partly due to the nature of currencies—though there is a lot of TA lore about currencies trending fantastically well, they also go through really choppy periods. Though currency prices are set by supply/
Chart of the Day
By way of history, we have been bearish on Gold for quite some time in the research I write daily for Waverly Advisors, and we hold a short that was established 9/23/13. There is potential for a dramatic pattern failure here, so this is absolutely not a time
Chart of the Day
Yesterday's weak closes in major stock indexes do threaten trend integrity, at least on the intermediate term: though fairly small on a nominal basis, these moves were large on a volatility-adjusted basis and have the potential to lead to further downside. (Bears will also find support for their
Anti
This chart shows a common context for the Anti pattern: following an overextension of an established trend (A), the market makes a sharp counter-trend move (B), and then pulls back in a complacent pullback (C). This sets up a condition that favors the possibility of another trend leg, roughly proportional
Breakout
No, not a "loony" crazy breakout, a breakout in the Canadian dollar (also called the loonie!) The chart above is of the USD/CAD, so up on this chart is down for the CAD. (Chicago currency futures will be the inverse of this chart.) After a long consolidation
Breakout
Japan shows a clear pattern of higher lows holding into a ~9 month long resistance area. This is a pattern that often sets up a breakout, but in this case the pattern is on the weekly chart and could presage a significant advance above that resistance. The assumption is that
Anti
The "Anti" is a name coined by Linda Raschke (in her excellent book Street Smarts) for a trade that was originally defined by an oscillator pattern—when short term momentum pulls against (hence, "anti") longer-term momentum, the stage is set for a powerful snap in the
General Comments
[dc][/dc]Take a few moments, here at the beginning of a new year, to think about how do you handle your market biases and convictions. We all know the glaring examples of "biases gone bad": Permabears, some of whom have been firmly bearish on stocks since the
General Comments
[dc]W[/dc]e certainly live in a time of wonder. Science has pushed back the veil of superstition and mystery; progress allows us to live longer, comfortable lives and to devote our attention, usually, to pursuits beyond mere survival. In so many ways, this must truly be the best
Chart of the Day
We have been short Gold in our daily research several times this year. The most recent short was initiated 9/23/13, but Gold has been a strong performer for us through much of the year. This recent selloff has the potential to lead to a feedback loop and spark
Breakout
Systematic traders have a perennial debate: how much or how little to intervene in your system's rules? There are a range of acceptable solutions, but the key is to be very consistent. If you will fiddle, then fiddle, but if you say you are a purely systematic trader,