The Trend

Wednesday March 29, 2017

Three of the Most Overlooked Technical Patterns

They are some of the most overlooked trend reversal patterns.

But spot them first, and you could jump well ahead of the pack.

Tuesday November 1, 2016

The Chances of an OPEC Deal are Slim

When OPEC met the other month, there was a general sigh of relief.

Granted, all they did was agree to agree to potentially curb production in November. 

But it was a start.  And no one expected it.

Its part of the reason oil has...

Thursday October 27, 2016

OPEC Oil Production: Why We Don’t Expect a November Deal

It’s an absolute mess.

After dipping to a low of $39 in August, oil rallied to a high of $51.19, on hopes that OPEC and non-OPEC countries can put aside their difference and curb oil production.

Even Russian President Vladimir Putin has said the country was ready to join OPEC efforts to curb supply. Unfortunately, there’s just one small problem with that...

Tuesday October 25, 2016

Where Has All the Market Volume Gone?

Low volume on the market is getting thinner by the day.

All thanks to fear surrounding the outcome of the U.S. Circus… sorry Elections, likely failure to reach an accord with OPEC and non-OPEC countries, and the very real possibility of an interest rate hike in December.

Just one wrong move with any of those catalysts could...

Thursday October 20, 2016

The Election and the Markets: If Hillary Clinton Wins… Part I

Politics have no place in financial letters.

It really doesn't matter what I think of either candidate, and I’m not about to ruin our relationship by trampling on your politics.

What I do want to do is share some information that may be beneficial to your investing decisions whoever wins the White House.

This week, let’s begin with Hillary Clinton.

Monday October 17, 2016

A $175 Million Legend Rises Again

The first time something like this happened was 1983.

Two trading legends, Richard Dennis and William Eckhart were arguing over whether traders were born or were they made.

Dennis, who had turned his initial stake of $5,000 into over $100 million believed...

Thursday October 13, 2016

OPEC: Why a Continued Oil Rally isn’t in the Cards

For the first time in eight years, OPEC agreed to cut oil output by November 2016.

Under the terms of the deal, OPEC said they would cut between 200,000 and 700,000 barrels a day from their current production of 33.2 million barrels.

In fact, it was the Saudis that threw up the white flag, softening its stance on output, as its own economy suffered under the weight of plummeting oil prices.  

Tuesday October 11, 2016

Why the Fed is in No Position to Raise Rates

There are renewed fears the Federal Reserve could move to raise interest rates at the December 2016 meeting.

It’s part of the reason that gold prices have slumped from $1,345 to $1,251 in recent weeks.

According to Fed Vice Chair, Stanley Fischer, the latest jobs report was “close” to ideal.

Unfortunately, what the Fed doesn’t understand is...

Wednesday October 5, 2016

Technical Analysis 101: The Bull v. Bear Flag Patterns

Trying to figure out why traders are selling or buying is tough enough. 

But once you begin to understand charting, you’re literally looking at a consolidated view of the very forces of supply and demand - the two key forces that drive...