What do you think would be the "perfect caption" for this photograph of Mario Draghi and Angela Merkel?
Here's my caption:
"But Mario, why won't you dance with me!!"
Leave a comment with your caption. Enter as many captions as you wish and have fun!
For a good chuckle, be sure to read some of the captions from previous Fill In The Caption pictures.
Based on the Trade Triangle technology Gold (FOREX:XAUUSDO) entered a long position today with a green daily Trade Triangle @ $1,207.59.
If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.
If you like this article, Larry’s also agreed to give you free access to his award winning book.
A question I often receive is, "How can there be more buyers or sellers at one price? Isn't there a buyer for every seller and a seller for every buyer?"
The answer is yes, but people are forgetting one important thing. There is a bid and an ask (or offer), and only one of them can be traded at a time.
A bid is an expression of willingness to buy at a price; an ask (or offer) is an expression to sell.
If the ES is trading at 1200.50, the bid is either 1200.25 or 1200.50. The answer depends on which way the market has just traded. Let's make it easy and simply say the ES is between 1200.25 & 1200.50, making the bid 1200.25. In order for the market to move from 1200.25 to 1200.50, someone must pay up to get filled.
You may not be in a hurry and attempt to wait to buy 1200.25, but that will usually only happen when the bid/ask drops to 1200.00 & 1200.25 and you are actually filled on the ask. Continue reading "Buyers or Sellers"
I've always believed that when you're wrong, you should admit it and then move on. I have to admit that I was wrong about the new Apple watch and here's the reason why.
When Apple Inc. (NASDAQ:AAPL) originally announced several months ago it was going to introduce a smart watch, I was pretty excited. It was then that I said to myself "there's so many smart watches on the market, what's going to differentiate their smart watch from a slew of other smart watches?"
In fact, when Tim Cook, the head of Apple, introduced the smart watch several months ago, I found little to get excited about. Up until that time I had been wearing another smart watch from a small startup company named Pebble, that was funded by Kickstarter, the popular crowdfunding website.
At first glance my Pebble watch did everything the Apple watch could do and was less expensive so why should I get an Apple?
So why was I wrong? Continue reading "Okay, I Was Wrong About Apple"
The first quarter of 2015 proved to be a disappointing quarter for both the Internet and the Perfect ETF portfolios, this was in sharp contrast to the World Cup portfolio that produced gains of over 20% for the quarter.
Q1 was largely sloppy and a trendless quarter for both of the Internet and the Perfect ETF Portfolio which explains the disappointing returns.
This portfolio is designed for 401 and IRA retirement accounts that can only to go long in stocks. Here are the 5 ETF's the portfolio tracks and trades in this portfolio. They are the ETF’s, GLD, USL, SPY, and FXE. You cannot go short in either a 401k or an IRA retirement account. The Perfect ETF Portfolio is designed to protect your nest egg from either a sharp drop in values or to protect you from rising values and inflation. In Q1, it did not trade two of the ETF's as our Trade Triangle technology was indicating that the ETF's, USO and FXE were in down trends. Q1 presented a difficult trading environment with no solid upward trends appearing for the quarter.
Here's how the quarter shaped up for the Perfect ETF Portfolio. Continue reading "Q1 Is A Disappointing Quarter For These Two Portfolios"
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