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Hello SpikeTraders,A friendly reminder: the recording of our most recent Password class is now in Video Vault (on the Education tab). Today and Tuesday are the last days for free access, afterwards this recording will migrate to our Traders’ Shop.Let’s take a look at our charts…
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Congratulations to Spiker Lou C in Quebec on winning another Gold, using his fully disclosed short-term trading tactic. I plan on driving to my favorite eyeglass shop near Montreal this summer and will aim to organize a SpikeTrade meeting in the area. Maybe Lou will bring his robot on a leash (just joking; that robot is probably just a few lines of computer code).
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Hello SpikeTraders,I’ll be flying to Estonia for my university reunion and to teach an intensive class for Aripaev on May 25-26, but I’ll begin my visit with a friendly meeting and dinner with local and visiting SpikeTrade Members. Please click for details…
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Hello SpikeTraders,What the market hates the most is uncertainty. Today’s its counterintuitive reaction to the interest rate hike illustrates that. Mr Powell laid out clearly what the Fed will and will not do – and the big money quickly understood how they can live with that.Let’s take a look at our charts…
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Hello SpikeTraders,I hope you noticed an announcement on our front page that the recording of our latest Password class is now in the Video Vault. Free access for all Members, including Trials, until May 10. It takes Kerry and me long hours to prepare each class, which is why we sell those recordings in our Traders’ Shop. Current yearly and monthly Members, however, get free access to live classes, and afterwards we give all Members free access to those recordings for one week. I hope you find the latest class practical and useful.And now let’s turn to our charts…
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Hello SpikeTraders,A Member in Australia asked me why I wrote in last Thursday’s NHNL: “In my experience, the character of today’s rally is much more typical of bear market than bull market rallies.” Bull market rallies tend to be less dramatic and much longer lasting. They are driven by happy people coming in to buy more. Bear market rallies are driven by fear among late-comers who shorted too late in the downtrend and are now running for cover. Those rallies move much faster, but they don’t last. As you could see last Friday.What to expect this coming week? I wish the rumors of Kerry possessing a magic crystal ball were true. Since he vehemently denies those rumors, let’s look for answers on our charts …
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Latest week’s Gold was won by Spiker Robert F (J) in Nevada. Spikers as a group put in very solid performance, especially noticeable against the background of a sinking market. Five of them scored more than 3% gains, going both long and short. The biggest loss by a Spiker was a very firmly controlled -1.46%.
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Hello SpikeTraders,It was a pleasure seeing so many familiar names in the room at our Password class yesterday. The recording is currently being processed and will shortly appear in our Video Vault (on the Education tab). We’ll announce it. Free access for all, including Trial Members for one week.And now, let’s see what our charts tell us about today’s market fireworks…
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Congratulations to Spiker Steve S in New York on winning our latest weekly Gold (with his nice shout-out to Kerry). When you read Steve’s post, pay attention to his preparation for the trade and risk management.
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Hello SpikeTraders,When somebody promises to punch you in the face, you shouldn’t be surprised when they show up in your yard to deliver – “Oh, I didn’t think you meant it.” Mr Powell of the Federal Reserve, in his fight against inflation, promised up to six interest rate hikes this year, up to half a point each – but when he showed up in the yard today to indicate that the next is coming in May, the market seemed surprised and ran down into its hiding hole, dropping stocks along the way.Let’s look at our charts…