The Spyder Trust (SPY) has had an impressive rally from the March 23 low of $218.28, and as of Tuesday’s high of $263.33, it was up 20.6%. As it turned out, the SPY closed down 2.1% for the week at $248.19. As the rally was progressing, many in the financial media have proclaimed that the…
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Special Offer for Traders & Investors
Do you alter your trading strategy in times of uncertainty? Would you benefit from having an expert technical analyst review your portfolio to help you avoid reacting incorrectly to the current climate? If you answered yes to these questions, maybe it is time to consider this special offer for Traders and Investors attending the Wealth…
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The Week Ahead; What’s Missing From This Bull Market?
The stock market spent most of the week consolidating its gains after the sharp rally in reaction to the July jobs report. Thursday's sharply higher close and very positive A/D numbers suggests that stocks are likely ready for another push to the upside as the S&P 500 challenges the 2200 level. The new high in…
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13 Rules For Making Good Trading and Investing Decisions
The following is a portion of Dennis Gartman’s famous list of trading rules. RULE #1: Never, ever, under any circumstance, should one add to a losing position ... not EVER! Averaging down into a losing trade is the only thing that will assuredly take you out of the investment business. This is what took Long…
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How To Stop Taking “Boredom Trades”
by Gary Dayton Traders sit in front of the screen all day watching the markets, and if they don’t see a trade, they may force one just out of boredom. Traders sometimes feel they must be in the market, and it can force them to take trades they shouldn’t be taking. These are boredom trades…
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What I Tell Traders Who Are Always Losing Money
I remember it like it was yesterday. Why? Because it was yesterday. The frustrated trader was about at his wit's end. He had been trading for less than a year and was the typical story - make some, lose some, make a lot, lose a lot, then lose a lot again. He emailed me to…
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