Hello MarketClub members everywhere, yesterday brought a change for the DOW indicating a move to the sidelines and a neutral position on this index. There was no change in the S&P 500 or the NASDAQ, both of which remain negative.
Today, I have three stocks for you that I think will do very well in the fourth quarter: Continue reading "3 Stocks That Could Win Big In The Fourth Quarter"
Throughout my trading career, two things of have stuck in my mind that I learned a long time ago on the floors of the Chicago Mercantile Exchange. I was trading for my own account and a select few customers in a space that was both hostile and friendly at the same time.
The first was, "the trend is your friend." Trends tend to persist longer than most people expect. Just look at the recent bullish trend in the equity markets that has been going on now for six years. By any mark in history this is an old and tired bull market. Only one time in history did a bull market trend ever extend to seven years. As they say when you climb Mount Everest, we are now in thin air.
"The trend is your friend" is an amazing thing to remember when you are trading because that is where the big money is made.
The next saying I learned as a young trader in the pits of Chicago was, Continue reading "Repeat, The Trend Is Your Friend"
"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."
I'm sure you have heard that one before, right?
Okay, here at MarketClub I have my own version of that statement, and it goes like this.
"Give a man (or woman) a trade and he's a winner for a day. Teach a man (or woman) to trade with Trade Triangles and he (or she) is set for a lifetime of success."
I know that's a pretty big claim, but here is how I am going to prove it to you:
I have an app on my iPhone called iBillionaire and every once in a while this app shows you how the billionaire hedge fund managers are doing for the year. Most recently on September 13th, I noticed that even the billionaire hedge fund managers were having a hard time with the markets.
Looking at the top 10 billionaire hedge fund managers' performance, only four managed to be on the plus side for the year.
Here are the results of the top 5 billionaire hedge fund managers for 2015 ending on September 13th: Continue reading "MarketClub Trumps The Billionaire Hedge Fund Managers Again"
Yesterday, the market was remarkably quiet and lulled everybody into a sense of complacency. Well, I'm sorry I'm not going to drink the Kool-Aid because I still think we are going to see a push to the downside in the markets.
With all of the Trade Triangles in a negative mode and the weekly pattern indicating stocks should finish lower for the week, I see little to get excited about.
Everyone is waiting for Thursday and to see what the Fed is going to do. Even the best minds in the industry are split on what the Fed is likely to do on Thursday. My view is that they are just going to leave everything the way it is. The Fed is like a deer frozen in the headlights of a car and incapable of moving one way or another. What I suspect they will say is that they need more data, which I think is a cop out. Continue reading "Sorry Guys, I Am Not Drinking The Kool-Aid"
Summer's over but is the market, that's the burning question on every investors mind as they return from the long Labor Day weekend.
I expect that the volatility that we have seen in the last few weeks will begin to abate and settle down. That would be the normal course of action for this type of market. One of the first questions traders are going to ask themselves is this, is the Federal Reserve going to hike interest rates and if they are by how much?
Another item of interest to traders will be China, which in my opinion is not over with yet.
The last wild card in this bunch has to be the political scene that should be getting into high gear now that Labor Day has passed. The wildcard in the bunch, of course, is Donald Trump, who has defied every political pundits imagination and predictions. Whether you love him or hate him, Donald Trump is channeling the frustration level of the public with career politicians in general. If that were not enough we have Joe Biden is who is contemplating a run for the presidency of these United States. The political cycle this year should be both entertaining and dramatic much more so than previous years. Continue reading "Summer's Over, But Is The Market?"
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