A quick note, FOMC meeting is today at 2:15. The Fed Futures are pricing in an expectation of a 100 basis point cut, with a 6% chance of a 125 basis point cut. The Fed Funds rate stands at 3.0% now . This morning's core PPI came in ... Go to Full Article

Brett Steenbarger submits:. click to enlarge. Here we see year-to-date returns for a number of global markets, including the US (SPY); Complete Story » Go to Full Article

* More Weak Dollar - Remember when the yen was the world's weak currency? It's been on a recent tear vs. the US dollar (above). Indeed, just about every major currency has fared well vs. the dollar, as the Bernanke Fed pursues . ... Go to Full Article

My recent posts have focused on using journals to improve trading. Everyone has a journal format that (one hopes) works best for them. Here I'll suggest a format that I find particularly useful. The reason I'm offering the suggestion is ... Go to Full Article

As long-time readers know, one of my favourite trading method when I started this blog was swing trading which I attempted to capture gain in forex prices within one to three days. I used only simple technical analysis, ... Go to Full Article

11:59pm: I'm up close to midnight watching the futures, I've been on them for about seven hours, meaning I'm going to be late in the morning, but some pretty amazing stuff today. Just in case you don't know, that 90 year old investment ... Go to Full Article

In my last post, we took a look at trading journals and how those can be used to improve performance. The report card format for journaling is particularly helpful for goal-setting, tracking progress, and recognizing patterns in our own ... Go to Full Article

Unless the Fed Cut shocks markets to the downside, Goldman Sachs (GS) will post an incredible rally today. Yesterday, the stock traded as low as $140, and today, we’ve reached intraday highs of $171. Let’s look: ... Go to Full Article

Although many bloggers (myself included) were using Bear Stearn’s Monday’s decline from $30 to $2 as a reason not to stress NOT catching a falling knife, one can’t deny today’s result – which is that the stock has more than doubled ... Go to Full Article

Monday was a day to remember in the US Stock Market. Let’s look quickly at what happened:. The Dow Jones (up 21 points today) showed the most relative strength today, thanks in part to JP Morgan Chase (JPM) which appreciated 10% today. ... Go to Full Article

Adam Hewison, INO.com President, sums up the sentiment I’m sharing in this news release which explains why “trying to catch a falling knife” can cut your account to shreds. If you were a Market Club member, you likely caught the signal ... Go to Full Article

As if you weren’t looking for another reason to be amazed by the current market, the weekend developments sent shockwaves through the US Stock Market, causing a 2% gap down Monday morning opening… which has already been erased less than ... Go to Full Article

Let’s peek quickly at the Dow Jones Index to see where we’ve come and where we may be headed this week:. There is a large barrier which has served both as support and resistance at 12800. More recently, the falling 20 period moving ... Go to Full Article

I am wiping the egg off my face as I type. Obviously I was wrong not to trust the morning strength, at least for today. I used today's strength to get out of my leveraged long S&P 500 position (SSO) at the close. Go to Full Article

I trust this rally about as much as Mrs. Spitzer trusts her man. I may even put on a small "fade" position. We'll see how events unfold later in the day. Did anybody else notice the new high/low and advance/decline ratios yesterday? ... Go to Full Article