.png)
Hello SpikeTraders,Welcome back to the markets in this abbreviated post-holiday week. Let’s take a look at our charts…
.png)
Hello SpikeTraders,If you live in the US – enjoy your holiday weekend, and if you are abroad, please keep in mind that the US markets will be closed on Monday in observance of the Independence Day holiday. The next holiday will be Labor Day on September 5 this year.This is the first weekend of the second half of the year; let’s see what our charts tell us today…
.png)
Congratulations to Spiker Nick V in New York on an excellent start of Q3-2022. A good quick catch, and very clear chart and text. The Spiker group meanwhile had a rough start, only four with positive equity.
.png)
Hello SpikeTraders,The market fell heavily on Tuesday, stabilized on Wednesday, but extended its fall today. Let’s take look at our charts…
.png)
Hello SpikeTraders,If anyone can get me a private phone number for Santa Claus, I have two wishes. First, to be able to trade in the middle of the chart, rather than at the right edge. And if that is not possible, then please, dear Santa, make this market move in a straight line, instead of jiggling up and down around the main trend.While waiting for an answer, let’s examine today’s charts…
.png)
Hello SpikeTraders,Last Sunday, I concluded my SpikeSpeak with this paragraph: “In my view, we are in a bear market (as I’ve been writing here since December 2021) – but now a serious corrective rally is not far away. How to handle this situation depends on your level of expertise. Experienced traders may start nibbling at well-behaved longs, while less experienced traders should wait until a new Spike signal is confirmed on Friday (this week or even later). In my own trading, I cashed out of all shorts last week and began nibbling on longs.”Let’s see what our charts tell us this Sunday…
.png)
Congratulations to Spiker Igor D in Estonia on his latest Gold. When you read his report, please pay attention to how he managed his trade over three weekends. Spikers and Members aren’t limited to entering and exiting a trade within a single week. To learn the simple mechanics of continuing a trade over a weekend, please see our Help menu.
.png)
Hello SpikeTraders,I keep a phone and an iPad on my bedside table, and if I happen to wake up at night take a quick look at the market. Today, around 4 am, the S&P was down about 60 points. The market opened at 9:30 about 45 points below Tuesday’s close. It rallied to a nearly 30 point gain by 3pm, but sagged to close five points lower. A rejected decline and a failed rally reflected an uncertain and nervous market.Let’s take a look at our charts…
.png)
Alex will teach this 40-minute class, on a topic well familiar to SpikeTraders, online on Tuesday, June 21, at 10:10 am NY time.
.png)
Hello SpikeTraders,First, a reminder: the US markets will be closed on Monday; we’ll have a four-day trading week.Last Wednesday’s rally had even shorter legs than the preceding decline. The market collapsed on Thursday and New Lows ballooned, followed by a flat day on Friday.Let’s see what our charts tell us this weekend.