Monthly Archives: March 2016

The Cost of Money

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The stock markets of the major exchanges capped a week of mostly light trading on Thursday with the broader US market indices showing their first weekly loss since the last low in Mid-February. In the US the fall was led by banks and financial stocks but by late in the day the SP500 index has…

Confidence is everything…

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A friend of mine is a professional racing driver. This year he’s changed from racing radicals to LMP2 division all of which means little to me! However he was in pre-season testing last week and said he’d lost confidence whilst trying to familiarise himself with the different driving dynamics of this new car. He’s used…

The FTSE 100 seems poised to break lower but could Yellen turn the tables?

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The FTSE 100 seems poised to break lower but could Yellen turn the tables? Before the Easter holiday break the bias in the FTSE 100 was a bearish one and it seems that the sentiment remains negative as markets opened in the red today after the break. The London index that has been trading sideways…

Bo Yoder S&P Analysis

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The S&P 500 (ETF Proxy – AMEX:SPY) is grinding higher on lower levels of bullish power. A reversal is likely to begin forming, but our forecast is that this reversal will take the form of a multi-wave reversal pattern.  We are staying on the sidelines in this index while we wait for this price confirmation…

The FED Blinks

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The Fed didn’t push up interest rates as was widely expected by futures traders and scaled back on the talk of the multiple hikes communicated in the last quarter of 2015. I have long held the view that the selloff in January to the middle of February was all about the cost of money. The…

Traits of successful traders…

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A trader passed me a document last week released by FXCM giving statistics on their client’s trading activities. Now the information will hardly be a surprise to many of you but I thought I would share some of this information anyway. Firstly, when looking at their customers who traded the EUR/USD pair, 61% of trades…

Fear in trading…..

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I’ve recently discussed over-confidence in trading and what this can potentially lead to; over-gearing and the use of either ultra wide stop losses or no losses at all. Over-confidence is an exceptionally dangerous position to be in so traders should always self analyse in order to ensure they keep their emotions in check. [For 2…

How to trade the FTSE 100 ahead of the Fed and BoE meetings this week

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After an extended time trading sideways the FTSE 100 broke lower last week and as I predicted in my last report to you the index ran a decline towards the 6,030 points’ so I hope you made a good profit out of this opportunity. However what is interesting is that the FTSE reversed its flows…