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 [...]
We cleared Fed week last week without exceeding the prior weeks low in the Dow. The stock of Goldman Sachs, however, did not fare as well as it is approaching its 52 week low. We need to keep a good eye on Goldman and the bank stocks to see if they begin to break down [...]
Trading is all about managing risk. Today was quite a volatile trading day following yesterday’s Fed meeting. If you were not prepared to manage your risk including your position size, it may have been a disaster for you. Find out how we manage our trading risk using the MTPredictor Elliott wave and Fibonacci trading software [...]
The financial world seems to be wondering what is going to happen to the markets once the quantitative easing part 2 comes to an end next month. Will we continue to head down the same financial path as Japan who is now into its QE5? Historically, the stock market has actually risen when the Fed [...]
The Dow and S&P did consolidate in the MTPredictor intermediate wave 4 support area as expected last week. These markets ended the week on a bearish note but did not take out the current wave 4 low. I expect the these markets to move out of this support area either up into that wave 5 [...]