Menu
Sister Sites

  • S&P 500: Textbook Bull Market

    From vantagefx.com

    It’s the Friday before New Years Eve and it’s been 40 degrees in Sydney for two days running. There’s only so many times I can talk about not trading between Christmas/News Years for the words to have any meaning, but it is what it is. Enjoy your upcoming long weekend and we’ll see you first thing Tuesday during Asia, motivated and ready to go! In the meantime, here is a textbook bull market to make you subliminally feel good about yourself: Click on chart to see a larger view. 🙂 Draw your major levels and step away. The markets will be here next week. In the meantime, why not open a live forex trading ... (full story)

Two reasons why this is not a text book bull: XRT -- the most heavily traded U.S. retail index -- and ITB -- the most heavily traded U.S. housing index -- are giving bearish indications. Hard to sustain a bull in the U.S. econ w/out retail and housing, no?

We live in interesting times.
Quoting Trout
We live in interesting times.
There's the 'smelly fingers' quote for picking bottoms. Is there a similar one for trying to pick tops?
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
here is how I pick bottoms: http://www.forexfactory.com/news.php?do=news&id=371299

I generally don't pick tops in stocks, I just take profits. Got out of most of my stocks this month/week after a pretty good run...still long EXC -- that's Exelon, i.e.: energy -- and CORN -- that's corn, as in food. We still need those you see.
  •  Guest
  • | IP XXX.XX.37.65
This market has nothing to do with data and more to do with capital flow due to uncertainty and confidence around world markets.
  • New Comment
  •  Guest
  • | IP XX.XX.9.169
Join FF
  • Story Stats
  • Posted: Dec 29, 2016 8:09pm
  • Submitted by:
     Vantage FX
    Category: Technical Analysis
    Comments: 4  /  Views: 3,481