There is nothing more bullish than a price trading at an all time high. $SPY price remains in an uptrend and above all moving averages. The 10 day / 50 day crossover is a bullish signal. A 65.77 RSI is near overbought and could be signaling more price building in this range before more of an uptrend. […]
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$SPY remains in a long term uptrend above all moving averages. $SPY has been in a trading range since March with $240 resistance and $231 support. The MACD contains to maintain a bullish crossover. Volatility declined last week as measured by the ATR. Resistance was tested on decreasing volume last week. 60.60 RSI is not overbought
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This is a Guest Post by Alex @MacroOps which was posted originally at: Liquidity: The Most Important Fundamental and is posted here with permission. I’m sure you’ve heard analysts, financial pundits, and other babbling heads yabber on and on about how these markets don’t reflect the “fundamentals”. They’ve ranted non-stop about how the fundamentals prove that
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This is a Guest Post by Alex @MacroOps which was posted originally at: Lessons From A Trading Great: Amos Hostetter and is reposted here with permission. Amos Hostetter cofounded Commodities Corporation (otherwise known as CC) along with Helmut Weymar back in 1969. CC is the trading shop that produced more legendary trading talent than the Yankees
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$SPY remains in a long term up trend and near all time highs above all key long term moving averages. $SPY has remained in a trading range in the short term since late February with $240 as resistance and $232 as support. The MACD remains under a bearish cross. The RSI remains neutral at 49.75.
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This is a Guest Post by Alex @MacroOps which was posted originally at: Do Buyers Of Options Benefit From High Volatility? and is reposted here with permission. Search “options and volatility” in Google and you’ll get a dozen websites that say the same thing: option buyers want high volatility and option sellers want low volatility. Oddly enough,
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This is a Guest Post by Alex @MacroOps which was posted originally at: Current Target: Populism & Europe’s False Trend This post is republished here with permission. One of my favorite sci-fi series is The Foundation Trilogy by Isaac Asimov. The book was first published in 1951 and is a grand “space opera” that takes place
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“The game taught me the game. And it didn’t spare the rod while teaching.” -Jesse Livermore Trading Losses: There are two types of losses, one loss is caused by the market simply not being conducive to the profitability of your system. The other loss is due to your lack of discipline, causing your system to
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This is a Guest Post by Alex @MacroOps which was posted originally at: Bill Ackman Finally Pukes: Beware Of False Narratives and is posted here with permission. A year ago we wrote about why Bill Ackman should learn a bit of technical analysis. We weren’t suggesting he become an Elliott Wave nut or anything, but that he
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This is a Guest Post by Alex @MacroOps which was posted originally at: Lessons From A Trading Great: Jim Leitner and is posted here with permission. Jim Leitner is the greatest macro trader you’ve never heard of. He was once a currency expert on Wall Street, pulling billions from the markets, but now he plays
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