The September NASDAQ 100 was lower overnight as it extends the trading range of the past three weeks. Stochastics and the RSI are bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 2754.92 would confirm that a short-term top has been posted. If September renews the rally off July's low, monthly resistance crossing at 2847.00 is the next upside target. First resistance is August's high crossing at 2802.50. Second resistance is monthly resistance crossing at 2847.00. First support is the 20-day moving average crossing at 2754.92. Second support is the reaction low crossing at 2702.25. Continue reading "Morning Index Commentary"
How Does a Trader Who Runs from Risk Achieve THIS Track Record?
In the late '70s, Peter Brandt emptied his trading accounts several times. He'd lose a string of trades, then refund his account, then "wipe out" all over again.
But he persisted because he knew he was meant for a trading career. His determination paid off.
In 1982, a currency chart "sang a song" for Brandt. By that time he had saved his earnings and supplied his trading account with a healthy sum. Continue reading "How Does a Trader Who Runs from Risk Achieve THIS Track Record?"
Begin Trading Like A Pro
An entry level view at getting started in trading futures. Understand the How and Why of futures markets and what market may be right for you. Determine your trading style and understand how professionals approach the markets.
Doug Casey Uncovers the Real Price of Peak Oil
Doug Casey, chairman of Casey Research and expert on crisis investing, is on the search for real wealth – not investments in companies that push around paper. In this exclusive interview with The Energy Report, Casey shares his pragmatic take on what's next for oil, gas, and nuclear power.
The Energy Report: There will be a Casey Research Summit on Navigating the Politicized Economy in Carlsbad, California, in September. At the last conference, Porter Stansberry caused some excitement with his argument that oil could go to $40/barrel (bbl). What's your view?
Doug Casey: We like to have a range of defensible views represented at our conferences. But personally, I don't think it's realistic to suggest oil prices will drop as low as $40/bbl. Continue reading "Doug Casey Uncovers the Real Price of Peak Oil"
Stocks higher, but volatile, after Bernanke speaks
It took a while, but investors eventually decided they liked what they heard from Ben Bernanke, and stock indexes rose enough on Friday to put them into positive territory for August.
Stocks gyrated after the Federal Reserve chairman spoke on Friday morning. They first gave up their morning gains, then bolted to their highs for the day, before settled in-between. Continue reading "Stocks higher, but volatile, after Bernanke speaks"
