Hello MarketClub members everywhere. Recently we have heard a lot about fake news, well fake news or rumors have been a part of the market since the markets began trading. The question is do they really make a difference, the answer is over the long-term no, in the short-term possibly. The good news is that they are not important and you should not pay much attention to them. The reason I say, that is because there is an easy, simple solution to capturing significant moves in the market.
Here is the simple solution, the Trade Triangles. Continue reading "Fake News Stories, Do They Really Matter?" →
Hello MarketClub members everywhere. The euphoria over Donald Trump's success continues to fuel the equity markets. Certainly, the 20,000 level on the DOW (INDEX:DJI) is no longer a dream but more than likely a reality. So just how high can these markets go that's the billion dollar question?
One thing I've learned in trading over the years is you don't stand in front of a freight train coming at you, and that's exactly what this market is at the moment. However, speeding railcars sometimes get derailed and can cause serious crashes.
Last week I warned about how December can be a very difficult month. As this month progresses, volume is going to continue to wane creating vacuums in the marketplace. I expect as we get closer to the 20,000 mark volatility will be exacerbated because of the lack of liquidity as many traders will be out enjoying time with family and friends over the year-end holiday season. Continue reading "Up Up And Away" →