USD vs Yen (New Video on Forex)

I have to admit, I love trading Forex. It’s one of the most exciting and most profitable markets in the world.

In today’s short educational trading video on the dollar/yen (usd/jpy), I explain step-by-step how to analyze the dollar and its relationship to the Yen. I will also show you exactly what I think is happening right now in this relationship. Watch the video and see specific target zones where I think this cross is headed in the future.

Continue reading "USD vs Yen (New Video on Forex)"

What now for the S&P500?

The dramatic run up that we have seen in the S&P 500 may be coming to an end. The retracement back over the 840 level should provide sufficient resistance to reverse this market to the downside.

Now here is the caveat, our long-term indicator, the monthly "Trade Triangle" remains negative on this market. While the direction of our weekly timing "Trade Triangle" is on the sidelines and neutral. This has created a conflict, meaning that conservative traders should remain on the sidelines to protect capital.

I am looking for an area to once again get short this market and trade with the major trend in our favor.

My downside target zone is for an eventual move down to the 500 level. Only if we take out highs as I mention in the video, then this analysis will change. Continue reading "What now for the S&P500?"

GM One Step Closer To Bankruptcy And The Markets Tank

The ouster of GM Chief Executive Officer Rick Wagoner is sending shock waves through the financial world this morning. So here's what we think is going to happen in the markets and in particular the S&P 500. Continue reading "GM One Step Closer To Bankruptcy And The Markets Tank"