Forex Signals

We had some very interesting developments today as a lot of indices broke through multi-month resistance levels on good volume. I must admit that I’m surprised at the timing of this move. If it was gonna happen, i would have thought it would have occurred yesterday post-Fed and election results or tomorrow, post-jobs [...]

We’ve got a big week ahead of us with election results and a Fed (non?)decision hitting Wednesday and payroll data on Friday. The Nasdaq and S&P seem to need some catalyst to get through the resistance of the spring highs. Perhaps one of this week’s news items will give us some direction. [...]

I just read an interesting article which makes the case that day trading is dead. For well over a year (and probably back to when the housing bubble burst and the SEC banned short-selling, if not earlier) the market has felt *different* to me. I’m not sure exactly what has changed. Recently [...]

We had a slight pullback today on light volume. Selling picked up late in the day though. If it carries over into tomorrow’s session the June highs could be tested again. Those old highs were able to support the indices last week and if I was a bear I’d want to see [...]

We’ve had quite a rally over the last three weeks. The indices have moved from the bottoms of their summer ranges all the way to the tops of those ranges and beyond. As shown in the charts below, they S&P and Nasdaq are now hovering just above their June highs. I’ll be [...]

This lackluster session was an appropriate end to a lackluster month of August. The market feels heavy to me yet it refuses to breakdown under the July lows. That could change if we get a bad number out of Friday’s payroll report. Until then, I expect trading to remain muted and contained [...]

M&A activity and some good earnings news sparked a decent rally today. Volume increased a bit but it was still typical summer low volume. The most significant development was the S&P closing above its 50-day moving average. The Nasdaq got close to its 50 DMA but late day selling pushed it back [...]

I was a guest on Howard Lindzon’s show over at StockTwits.tv yesterday. We talked about a little bit of everything — trading, the net, a little history of WallStrip, my hateration of Twitter, etc. Perhaps next time we will go a little deeper on some market and trading related stuff…

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It was another one of those days where every sector of the market was down — gold couldn’t even lift today! And of course the selling came on increasing volume. That’s been par for the course for months on end. There was plenty of technical damage done today. The S&P and [...]

For those who haven’t already seen/heard this here’s a good convo (also embedded below) between Howard Lindzon and Jon Najarian from last month. Jon gives some great (and somewhat disturbing/depressing) insight into the problems with high frequency trading. He also goes a little deeper than he usually can and does on CNBC about [...]