Hello SpikeTraders,First of all, a reminder – tomorrow, Thursday, at 6 pm EDT, Kerry will teach a Password class, showing recent trades, illustrating his methods. All yearly and monthly Members are welcome to the live event, and a few days later its recording will be put into our Video Vault, free access for all, including Trial Members for one week ( we will announce it ). Be sure to click today the link that was sent to you, don’t wait until the last minute. We’re always happy to help, but a few minutes prior to the class all of us focus on it and cannot manage login problems. So do it now.Well, let’s take a look at today’s charts…
Hello SpikeTraders,Markets traded mostly flat half the day and then fell sharply in the afternoon closing near its lows. The selloff occurred before Wednesday’s inflation report, as the interest rate inversion inverted to levels last seen in 2007. The fears that rate hikes will send the economy into a recession remains. As previously mentioned, by the time the data says we are in a recession we are closer to the end than the beginning. The data is very lagging just like the inflation data has lagged. Let’s look at the charts…
Hello SpikeTraders,Markets closed lower today as the Dow dropped 164 points and the S&P500 fell nearly 50 points with the Nasdaq closing down the most losing 262 points. As mentioned previously, more and more analyst and market participants are bracing for a recession and Sentimentrader.com recently made a post showing some pessimistic outlooks. Let’s look at he charts…
SpikeTraders,Today the market had a day we haven’t seen in a while – straight up, closing near the high, nearly 60 points gain in the S&P. Was this another ‘flash in the pan” or a segment of a real rally? Let’s take a look at our charts…
Hello SpikeTraders,Markets closed marginally higher as the Spike Bounce signal triggered again. In a weird way the markets are looking for the economy to slow down so the Fed may not have to be as aggressive in increasing rates and inflation slows down. Let’s look at the charts…
Hello SpikeTraders,Welcome back to the markets in this abbreviated post-holiday week. Let’s take a look at our charts…
Hello SpikeTraders,The market fell heavily on Tuesday, stabilized on Wednesday, but extended its fall today. Let’s take look at our charts…
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…
Hello SpikeTraders,Markets gapped up then reversed shortly after and traded lower remaining of the day closing near the lows. The S&P 500 was down 2%, falling well below the 3900 level as the Dow fell nearly 500 points, and the Nasdaq dropped almost 3%. Let’s look at the charts…
Hello SpikeTraders,Markets traded in a tight choppy trading range with all three major indexes closing down marginally lower after Fridays huge rally and closing higher over 6% last week. A pause after such a large gain is not unexpected. Let’s look at the charts…