Two of the Best “End of Year” Opportunities

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Technical Analysis: How to Tell When the Dollar Could Pivot

We wanted to bring your attention back to the U.S. dollar to highlight why technical analysis is essential.   Days after the currency found double top resistance at 102.10, it began to descend rather quickly as the Trump trade began to unwind.

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One of the Most Powerful Momentum Indicators

Harness the power of herd mentality, and you set yourself apart.

Easier said than done, though.  Right? 

We already know that following the herd blindly can have major consequences and potential losses, especially given that it has become very easy for one trader to influence other traders. 

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Technical Analysis: The Fibonacci Retracement

It’s all about getting ahead of the pack.

The more well prepared you are, the more likely it will happen.  While we’ve spoken in-depth about many momentum indicators up until this point to do just that, there’s another one that deserves just as much attention –Fibonacci Retracement Levels.

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The Technical Argument for Gold

Let's put Gold under a technical microscope. In March 2017, gold ran on the perfect storm.

Leading up to the hike in interest rates, the price of gold pulled back from a high of $1,264.90 to $1,200 on fears the yellow metal would quickly fall out of favor. Instead, shortly after that pullback, it caught and held double bottom support at $1,200 where buyers began to accumulate the metal on global uncertainty with elections.

 

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Trading Psychology 101: The Most Dangerous Trade

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one,” noted Charles Mackay in Extraordinary Popular Delusions and the Madness of Crowds.

Granted, that was written in 1841.

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Technical Analysis: U.S. Dollar in Free Fall, But…

The U.S. dollar looks like it caught the flu. And apparently, it would appear that bullish bets on a higher U.S. dollar, sparked by Trump’s win and his pledge on tax cuts, deregulation and federal spending programs has managed to unwind.

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Technical Analysis 101: Three Great Technical Tools

When it comes to technical analysis, it’s very easy to become overwhelmed with the shear number of indicators.  Everything from Bollinger Bands and MACD, to moving averages and accumulation/distribution lines can make even the most seasoned pros a bit cross-eyed and batty after awhile.

 

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Technical Analysis: The Hottest Commodity of 2017?

One of the rarest precious metals is having its best showing in years.

Not even gold (up 10% from a low of $1,146.50), silver (up 15% from $15.94) or even copper (up 6% from a low of $2.448) can touch it. 

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Four Last Minute Tax Tips You’ll Need this Year

No one has ever been a big fan of taxes.  But we have no choice. It is what it is. It’s one of life’s certainties next to death.

While we typically talk about technical patterns here, we wanted to offer some key advice when you move to file your return:

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Excessive Greed: Know when to Exit the Bitcoin

“Be fearful when others are greedy and greedy when others are fearful.”

That’s one of the trading philosophies of billionaire Warren Buffett.

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Technical Analysis 101: The Parabolic SAR

There are hundreds – if not thousands -- of ways to study a chart.

Look through Steve B. Achelis’ Technical Analysis from A to Z if you have a chance.  There are nearly 330 pages worth of examples, including the Parabolic SAR, or the Parabolic Stop and Reverse, which can help indicate momentum.  It can also be used to indicate a higher probability of pivoting and switching direction.

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Technical Analysis: The Next Stop for Bitcoin

It’s hard to argue the Bitcoin has become one of the most volatile – but rewarding currencies of the last year.  Up nearly 180% in a year, there are no clear signs the rally could stall.

Instead, should momentum continue, the crypto-currency could hit $1,216 before long.

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