Introduction The S&P 500 continues to push higher after reclaiming the previous all-time high near 7,100, and the strength of this rally is becoming difficult to ignore. The narrative of being careful because of the developments in the Middle East is starting to fade because the market is just moving up relentlessly. What started as Read More…
Introduction Crude oil has moved back above the $100 level, but the market is still struggling to fully break away from the consolidation range that has developed over the past several weeks. Now though, it does look like the bulls are gaining an edge over the bears even during this consolidation phase. With that said Read More…
Introduction One of the most dangerous traps in trading is the belief that outcomes must “balance out” in the short term. After a series of losses, it starts to feel like a win is overdue, while after a strong run of wins, it feels like a loss is inevitable. This way of thinking is known Read More…
Introduction The Dow Jones continues to hold up well after the sharp recovery from the March lows, but momentum is beginning to slow as prices push back toward all-time highs. The rally in the Dow hasn’t been as strong as the S&P 500 and the Nasdaq, which are already 10% above the all-time high. What Read More…
Introduction Crude oil has started to cool off after the sharp rally that pushed prices back above $100. In the previous analysis, the focus was on whether buyers could reclaim control after the strong rebound from support. They did, at least temporarily, but the market is now running into the same problem that has capped Read More…
Introduction Gold is starting to bounce again out of the support zone at $4,400. Profit-taking has been the narrative of the story since the end of January, after the huge rally we saw in the yellow metal. Now that we see price stabilizing, we can look at good ways to approach the market moving forward, Read More…
