February 17, 2017

Technical Analysis: Bollinger Bands and Williams %R

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One of the World’s Most Unstable Currencies

January 12, 2017

Global investors are fleeing the Mexican peso en masse again.

The worst performing currency of 2017 (down 20% against US dollar) is now down another 5% in the first 11 days of the New Year.  And there are no signs of relief, in part because Donald Trump just told automakers that higher taxes would be levied on vehicles made in Mexico.

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Five Technical Analysis Myths Debunked

January 16, 2017

Technical analysis has always been rejected as a study of lines and charts without any real concrete or profitable results. And clearly, an exhaustive debate on its usefulness would be long-winded, especially against those that only subscribe to fundamental analysis, as Warren Buffett does.

But as any technician will tell you, it does work well with understanding.

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Technical Analysis: Gold May Have Just Bottomed

January 5, 2017

2016 began well for gold prices.

Between January and June, gold bugs were quite pleased, as the metal soared from $1,070 to $1,364.  Then came the second half of the year, and it all went south.

In fact, since June, gold hasn’t been the greatest trade to hold at all.

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Two Stock Patterns Every Trader Should Know

January 9, 2017

When it comes to trading, none of us have a crystal ball.

We can’t tell you with obscene accuracy what’s coming next. 

But what we can help you do is attempt to gauge the possible intentions of buyers and sellers.  One of the best ways to do just that is with charting… where you’re looking at a consolidated view of the forces of supply and demand.

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Technical Analysis: Bitcoin Rally Still Has Legs

December 29, 2016

It’s one of the best-performing assets of 2016.

Since the start of the year, Bitcoin is up nearly 90%, having just recently hit a two-year high of $918.95.  Near-term projections put the currency in range of $1,000 to $1,200.  New Year 2017 projections put it as high as $1,216, as demand explodes for alternative investments.

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Technical Analysis: Copper Popped as Expected, But…

December 22, 2016

In late November 2016, we noted copper was overdue for a higher move, thanks in part to a pick up in global manufacturing and infrastructure spending in the U.S.

We were hopeful for a rebound from $2.43 support, retesting a prior high of $2.733.

And that’s exactly what happened. 

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A Technical Picture of Human Emotion

January 2, 2017

Traders are often told to ignore the art of technical analysis.

“Technical analysis is fundamentally flawed,” says Forbes.

“The poor reputation of technical analysis is well deserved, noted another analyst.

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Technical Education: The Rubber Band Theory

December 19, 2016

Pull out a rubber band.  Now pull it with all your might in one direction. 

What happens at the point where you can’t stretch it any more?  It snaps back, right?

That very same thing happens to most stocks, indexes and ETFs, too.

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