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Wk50: Market Forecast

In the week ahead look for these news announcements to act as potential market movers… Tons of news this week including OPTION EXPIRY FRIDAY! It also happens to be a quadruple witching. We continue to move sideways and really go nowhere. Look for a close above the upper resistance or lower support levels to break this sideways action.

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"Market Wizards"

How much do you think you could learn if you had a chance to sit down with over 15 of the most successful day, value, and long term investors of all time? Do you think you’d finally get that one piece of advice that takes your trading from OK to extraordinary? The key ingredient with ‘super-traders’ isn’t as complicated as you think, as most of them share the same traits and behavioral patterns, but it’s how they put them to…

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"Think and Grow Rich"

For those interested in expanding your mind, I thought I’d post a few of the books that have inspired me and my trading. First and foremost, Think and Grow Rich by Napolean Hill. It is agreed by many to be the most important book for acheiving a succesful mindset and has been read countless times by some of the world’s most successful people.

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Wk49: Market Forecast

In the week ahead look for these news announcements to act as potential market movers… • Weds: EIA Petroleum Status Report 10:30 AM ET • Thurs: International Trade 8:30 AM ET • Thurs: Jobless Claims 8:30 AM ET • Thurs: EIA Natural Gas Report 10:30 AM ET • Thurs: Treasury Budget 2:00 PM ET • Fri: Retail Sales 8:30 AM ET • Fri: Import and Export Prices 8:30 AM ET • Fri: Consumer Sentiment 9:55 AM ET • Fri: Business…

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Candlestick Charting 101

Candlestick charts are a simple and effective way to read the days price action. Originating in Japan, Steve Nison brought the candlestick charting method to the west and is widely used in technical analysis to this day as candlestick charting can be used and applied across any trading vehicle or time frame. The candlestick is made up of two parts, the body and the shadow. A body that is filled in means prices opened higher than they closed. A body that is not shaded means…

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