Now that the US Presidential election is behind us, it is a good time to review our approach ahead of the event. Most importantly, here is what we did NOT do: – We did not try to make a prediction about who would win – We did not try to predict how the market would … Read More
Whether you are a died in the wool Republican or Democrat really doesn’t matter to the markets. On September 5th the McCain contract broke above a CUP AND HANDLE formation (point 1 on the chart below) and I suggested that the trend was “innocent til proven guilty.” Eleven days later I posted that it was … Read More
since THIS POST about breaking past the cup and handle. I would lock in partial profits if long and raise the stop on the balance to protect profits. Regardless of what market you trade, it is all about RISK MANAGEMENT! Emotions have no place in the business of speculation. while the support near 56 was … Read More
The McCain Presidency contract broke above the 20 & 50 day MA’s in early August and has held the gains nicely. Since the beginning of August there has been a nice pattern of higher highs and higher lows. With a rising 50 DMA, this market remains “innocent til proven guilty”. Notice the shakeout below 38 … Read More
