The saying, “As January goes, so goes the year.” is one that most market participants are aware of. As January comes to a close, we are about to get a potentially telling sign as to whether or not we will end the year on a positive not or not. The YM is up a couple [...]
The following article is perhaps the best I have read as to why the vast majority of traders lose money. It is something I have know for many years but my evidence was based on my own personal experience and the experiences of the traders I have worked with over the last 16 years. This [...]
As anticipated, the YM (Dow mini contract) rallied into earnings and options expiration into initial MTPredictor Decision Point resistance. I expect the market will get a little more upside into the wave 4 Decision Point resistance area from 11,830-12,000. This will be a critical “Decision Point” for the market. If it can close above and [...]
The YM hit the MTPredictor wave 5 down target last week. It then began the bounce higher off this area on its way to the wave 4 Decision Point resistance area starting at 11,600 – 12,000 area. The markets have also followed the earnings season and options expiration tendency to move higher. Now, we’ll see [...]
If you watch CNBC you might think that the bull market in gold has come to an end on this latest correction. A closer look at the bigger picture, however, reveals something quite different than the talking heads would lead you to believe. The Dow bounced last week off the wave 5 down support and [...]