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How to Handle Triple Digit Swings

SHORT-TERM

For Friiday, 2152.00 can contain initial strength, below which 2128.25 is attainable intraday and able to contain selling through next week. Holding above 2128.25 should yield 2226.25 over the next several weeks, while closing today below 2128.25 indicates 2116.00 on Monday, long-term support able to contain selling through the balance of the year and above which a secondary long-term buy signal remains in effect. A surprise settlement today below 2116.00 indicates 2048.25 over th...

Sep 30, 2016
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The OPEC Game Changer

November Crude Oil saw some follow through to the upside on Thursday, September 29, 2016. It traded past trendline resistance , reaching a high of 48.32 and then retreating below the trendline and settling at 47.83. Crude Oil drifted after settlement and ended the session at 47.72. Crude Oil broke above trendline resistance on Wednesday and closed solidly above it, when OPEC surprised traders with a tentative agreement to reduce production to between 32.5 million bpd and 33 million bpd from...

Sep 30, 2016
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Why 95 % Of Traders Lack Self Awareness

This may surprise you, since the very fact that you are unaware of it shows that you too are probably amongst the 95%.

Most traders and most investors “know” that trading is a game of psychology and is either won or lost depending on your attitude. A little knowledge is a dangerous thing. It lulls you into a false sense of security and causes many a wrong decision.

Having the intellectual understanding is one thing, yet applying this understanding in a way that it is natural in your trading a...

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Poor Sentiment Makes a Contrarian Wonder...Hmmmm

With markets at/near all-time highs it's a wonder why sentiment is so poor. Aside from the VIX, which shows complacency in the low teens, polls, put/call ratios and high/low indicators are not reflecting any sort of bullish sentiment. Good news for the bulls. Why? That would probably in turn become bullish as a contrarian indicator - too much bearish sentiment is bullish.
Let me explain.

Most times, the crowd is often leaning to one side or the other at exactly the wrong time. We see this happ...

Sep 30, 2016
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Love Your Dog? Most Do -Pet Insurance Stock Play

Trupanion Inc. is an insurance company that’s breaking out of a 19-week ascending triangle. This should make a good play within the current macro environment that’s favorable towards equities. 

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TRUP sells insurance, but not for humans. They sell it for pets. Customers pay a monthly subscription fee, and in turn receive coverage for 90% of their veterinary costs for unexpected accidents and illnesses, all without a payment cap.

TRUP has taken a business model already proven in Europe and bro...

Sep 29, 2016
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