December 15, 2016
Americans still love their coffee.
But prices have soured as traders predict a surplus, instead of a deficit.
That, coupled with a stronger US dollar has sent coffee prices from a November 2016 high of $1.76 to $1.42. Despite rising consumption, favorable Brazilian weather conditions are pointing to a stronger than expected harvest for the New Year.Read More
December 12, 2016
The U.S. markets are in a super bubble.
But if the latest technical setup is right, the bubble could soon burst.
Known as the Hindenburg Omen, it typically warns of the possibility of stock market crashes. The last time it appeared, investors foolishly ignored it in December 2015.Read More
December 8, 2016
Italy put on quite the show the other night.
Shortly after the country voted “no” on reforms that could have stripped the Senate of its powers, modernizing the legal framework, it was chaos.
Prime Minister Matteo Renzi resigned.
The euro would hit 1.0507 -- its lowest point against the US dollar since March 2015.
December 5, 2016
The idea that drawing lines on a chart can make you money has been a matter of contention for years. In fact, nothing has generated more confusion and criticism in charts than that of technical analysis.Read More
December 1, 2016
It looked as if an OPEC deal was nearing.
Iran’s oil minister said it was “highly probable that OPEC members will reach a consensus at the November meeting,” after news surfaced that OPEC would given Iran greater flexibility.
Now we’re not so sure.Read More
November 24, 2016
Shortly after retracing from a one-year high of $2.733 per pound, copper is recovering after finding support at $2.43. While trading volume is expected to be weak with the Thanksgiving holiday, copper investors should be mindful of support and resistance points to determine if copper is again picking up momentum for a retest of $2.733.Read More
November 28, 2016
When a stock starts falling out of the sky, most of us freeze.
We become nervous, emotional traders.
We get caught up in the portfolio killer known as herd mentality. Instead of calmly assessing, we lose our minds.Read More
November 21, 2016
Herd mentality is a portfolio killer.
Always has been… always will be.
The reason for that is unfortunately simple. No one thinks as an individual.
Every day, one trader follows hundreds of other trades right off the cliff, and sells. No one stops to ask, “Why am I selling? What happened?”Read More