Pullback
I initiated a short in crude oil back in July, and an astute reader sent me a good question. For many weeks/months I had been operating with the assumption that crude oil was probably putting in a long-term bottom based on the action back in March/April of 2015;
Pullback
Let me preface this by saying two things: First, I'm bullish on global stocks over even moderately long timeframes. Technicians like to call tops, but I think this bull market could have several more years in it. However, I'm also always looking for evidence that contradicts
Trend Termination
A look at current conditions in crude oil, and some general comments on how to fade a trend.
Psychology
One of the curious elements of human psychology is the tendency to fade moves or to try to pick turning points in trends. When I started trading, this was how I started out--looking for patterns that showed a trend was ending and trying to take a counter-trend position. Over the
Individual Traders
[dc]I[/dc]'ve seen a lot of charts floating around talking about the "big reversal" in grains, and specifically corn. I think there are a few important lessons here, so allow me to share a few thoughts. First, the reversal argument typically looks something like this:
Trend Termination
[dc]R[/dc]eader Tom points out and asks about a possible attempted trend change in Cliffs Natural Resources (NYSE:CLF). This is a good pattern, and a good opportunity to discuss a few important points about trend change trades, in general. First, we do have to be very careful