I don't often look at ETFs, but I find USO to be very interesting right now. This ETF, United States Oil, closely tracks the price of crude oil in New York.
This market appears to have completed a formation that could have great profit opportunities in the near term.
Video link on next page
We interview Robert Miner as he explains Elliot Wave theory and what he recommends to beginning traders.
The bank stress test, can you believe it?
Since my return from holiday, I have been scratching my head wondering why the market (in this case the S&P) has moved so high for little or no reason. The economy still appears to be very much on the defensive with unemployment rising and the business environment still on a slippery slope.
I made this video before the stress test was announced and I suspect that all of the stress test leaks have already being discounted by the market.
Video link on next page ...
Continue reading "The bank stress test, can you believe it?"
I'm pretty sure everyone here uses, in some capicity, fundamentals to trade. But what we also have an issue with is always using the fundamentals when we really shouldn't, because they don't make sense! Zachary Scheidt, from ZachStocks.com, has come to show us a little about when the fundamentals don't make sense.
He'll be responding to comments and would like to hear a horror story!
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There are times in just about every job where things just don’t line up in a logical manner. Equity markets have their own way of turning fundamental arguments upside down and confounding even the most studious trader. There are times when bad economic news turns out to be good news for markets (usually because it leads to easing regulations) or when positive news is met by selling.
Continue reading "When Fundamental Analysis Just Doesn’t Make Sense"
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