support at the 50 day moving average, and horizontal support below. The up-trending channel is a dangerous pattern here….if and when it falls out of this range the downside is big.
Sign up here, it's FREE: http://steadytrader.wpengine.com/newsletter/ You will also receive the Bonus Trading Plan Preview for Free! It is 21 Pages packed with details of my Trade Setups, Systems, and Methodologies.
Good morning and happy Friday! After a fairly flat broader tape yesterday, we rise this morning to most things, dollar and treasuries aside, trading at higher prices. The Euro continues its astonishing rally on the back of the rate-hike the other day. Gold, silver, oil, and stocks are all up solidly ahead of what looks […]
The thing to remember about today's trade is that A) the world is interconnected by the banks and derivatives and B) that many more institutions and individuals these days own multiple asset classes. Regarding point A, this means that the mortgage default in Florida affects a Swedish bank as much as it could affect […]