Trading has ended for the month of February and it has been a volatile month. As well, we’ve seen choppy trading especially last week in the markets where market has a non-directional bias. Hopefully, this month will be different as we expect March to be a much better month than Feb. Here are this week’s [...]
This week is going to be called Ben Bernanke week as he is set to speak on Mon, Wed and Thu. Given that the Federal Reserve raised the discount rate on loans made directly to banks last week, we will be looking to hear any hints of raising US interest rates and his assessment of [...]
Hey fellow traders. Last week, I took the opportunity to take a few days off and headed to NY for the popular Trader’s Expo show. Besides the headache of going thru airport security and US customs, it’s always a pleasure to be in New York City. Being close to the action of Wall Street and [...]
There is no market commentary this week due to my attendance at the Trader’s Expo in NY. What I hope to do is provide you with a summary of any interesting trading ideas and strategies that I learned at the show.
Talk to you guys next week.
Mike
Day Trading has become more popular again in the past 5 years and it has a lot to do with the volatility in the stock market. The slow and steady rise in the stock market in the 80’s and 90’s has drastically changed to a market that can move up and down like a roller [...]
It should be a slow week in the markets as there is very little important US economic data coming out and no major catalysts. The only US economic data we may be interested in is the US Retail Sales for Jan figure that is set to be released on Thu Feb 11. The sales data [...]
The stock market started off this week with a upward bounce based on extremely oversold levels. I’m not surprised to see this upward bias (at least for now) but the main uptrend has been broken so we should expect the downtrend to resume shortly sometime this week. The main thing we are watching this week [...]
