Analyzing Trades

Why I do my own chart interpretations, though I can be wrong too...But not 75% of the time

This article was published at 11:54 AM CDT Aug 1, 2018 (www.barchart.com)

Are you chasing green and red bars during the trading session and hading [sic] most of what could be profits to your brokerage in commisions [sic]? Well, if you are a misdirected futures trader, the index futures can play havoc in a small trading account even if you are are with a futures only broker who give you $500/contract intraday margins. It is for this reason that we worked for years to develop a system that would eliminate the guess work from factors like earnings noise, the commotion from news and even tweets to help keep traders on the right side of the market. It is not witchcraft or black magic - just simple technical analysis. In last weeks forecast we informed you that we were heading lower this week. We did not say, probably lower or most likely lower, but simply that we are headed lower.

Here is our calls for today just a few markets should do it for you if you trade without over leveraging. Visit us at www.tradeguidance.com and fill out the contact form.

Partial list of instruments presented here:

Results:

ES: Never reached entry.

YM: Entry never reached

RTY: Entry reached 8/2 about 3 am. Subsequent rally to 1685. This wold have been a loss

CL (Oil). the hardest of them all to trade. This would have been a short-term gain of about $1,.000, but if held, would now be a loss of $900. I guess $100 is better than nothing.

Morale of the story. "it's on the Internet, so it must be true.

Comments

What happened when a Trump Supporter Challenged Me About the Wall

Vicky Alvear Schecter wrote in Medium | Poltics on Dec. 27, 2018 using her headline above. I thought it was pretty well written -- at least she made an attempt to keep her liberal bias out of it -- regardless of a few illogical fallacies.

But she does make an attempt, in an effort to avoid her liberal bias, as she ponders "...in order not to be accused by bias, I explained that I would only use conservative sources to prove my point."

To me, that's bias to start out with that premise. And I believe her premise is that she is against the wall. That's her stance. But she makes some good points, but some are skewed, even though she attempt to take a "conservative" approach, even by citing some "conservative" sources in her footnotes.

Here's the first problem: if she wanted to avoid bias, why not just stick to the the historical facts as written (when you can find them without bias), and not concern oneself with bias. "I must reject that becau…

Weekly wrap for Nov 9

After Thursday and Friday, it might seem the markets are down, but the weekly numbers tell a different story, with the three major indices up for the week. The Nasdaq, with its tech exposure, had the smallest increase. The tech sector is obviously under recent pressure.

IndexNov 2Nov 9+/-%S&P 5002,723.062,781.01+ 57.95+ 2.12%Nasdaq7,356.997,406.90+ 49.91+ 0.67%DOW 3025,270.8325,989.30+ 718.47+ 2.84%
Over the last 12 months, the Dow is up 10.77 percent, the SP 500 up 7.6 percent, and the Nasdaq up 9.7 percent.

The weekly chart of the SPY still indicates a long position in the broader market. (The blue line is the 34-week moving average; the red is the 13-week moving average).

While the U.S. economy still seems to be just fine from most reports, investors seemed to worry about a couple of things on Thursday and Friday: 1) The Eurozone, 2) trade with China, and 3) the Fed and interest rates. Another topic of interest has been oil.

First, it seems that the Fed has really not indicated …

U.S. Top Oil Producer, Thanks to Obama

\ You read that right.

The U.S. is now the largest oil producer in the world, according to the EIA, producing some 15 million BOE per day, surpassing Russia and Saudi Arabia. (Remember back when Jimmy Carter said in 1979 the answer to our energy problems was to wear a warmer sweater...but you probably don't. He actually said this on national TV).

The United States is the top oil-producing country in the world, with an average of 14.86 million b/d, which accounts for 15.3% of the world's production. This is down from 15.12 million b/d in 2015, but it was enough to land the United States in the No. 1 spot, which it has held for the past four years running. (Source: Investopedia.)

Guess who takes credit for it? Granted, this increase in production began in 2012, but only because of private industry and the fact that the price of oil was at nearly all-time highs. And it dipped in 2016 because of Obama's anti-oil policies!

But here he is again:

Former President Barack Obama sure l…

personal economics 101

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