Of Course it would be more convenient to fly to Europe for summer vacation on private jets, so lets just spend $550M of tax dollars on some private jets, there should be plenty for sale now after we made all the CEOs get rid of theirs:
Weekend Market Analysis Aug 2nd Week
Hey Traders, SP500 has now rallied over 50% finding itself in a very interesting place, with bullish sentiment at all time record bullishness: and also right at 38% retracement of the whole bear market which also happened to be the backtest of two previous channels, which have stopped this rally at least on Friday: Sentiment,…
Weekly Dollar and Euro Analysis
Hey Traders, some incredible currency moves last Friday. Dollar has clearly has been in steep downtrend helping fuel the recent rally. After breaking down below two yearly lows for the dollar, it managed to close back above that support, with incredible bearish sentiment on the dollar with only ~3% dollar bulls earlier this week, the…
Why Do Traders Fail?
By Jeffrey Kennedy The following is an excerpt from Jeffrey Kennedy’s Trader’s Classroom Collection. Now through August 17, Elliott Wave International is offering a special 45-page Best Of Trader’s Classroom eBook, free. ———– I think that, as a general rule, traders fail 95% of the time, regardless of age, race, gender or nationality. The task…
All Up To the Job Numbers Tomorrow
Hey Traders, Not many new developments in the markets today, regardless of higher high and lower low being made. The resistance level still remains the big 1014 – 38% retracement of the bear market, along with backtests of two previous trendlines: With intermediate term resistance level being retracement zone from the highs – ES 998.75,…
986.5 is next key support level for ES eminis
$ES_F 986.5 big level, s/r level, weekly retracement and 200ema hrly which hasnt been tagged in almost a month
ES Support Levels and Sentiment
Hey Traders, I got all the rants out of my system in Victory for the Bears? post at the close, now a short sweet and to the point TA post. Bullish sentiment set a new high today, levels that have not been seen in at least 3 years, if ever (stockcharts doesn’t go far enough…
Victory for the Bears?
Victory for the bears certainly has a pinch of sarcasm to it, but bears which have been completely wiped out and taken to the woodshed will now have to cling onto something via the “less bad” method, as bulls did since March. Bears managed to hold ES down a whopping 4.00!!! In the face of…
Twitter / Vlad: ES at key support area
$ES_F / $SPX at key support level, below could see a trip to 985s $ES_F
Extreme Sentiment and Key Levels
Hey Traders, Today bullish sentiment has reached the level last seen in Feb 2007: Every intermediate term high was made since the bear market began was made on much less bullish sentiment. While we have received a crash course in not fighting momentum of panic buying public and fund managers and that well remain the…