Brushing off the negative knee-jerk reaction to the previous day's Fed meeting, stocks zoomed higher yesterday, but turnover remained tepid. The major indices opened in positive territory, trended higher during the first ninety minutes of trading, then consolidated in a sideways range throughout ... Read more

Stocks got off to a positive start yesterday morning, as the S&P 500 rallied sharply and reclaimed its 50-day moving average by mid-day. But a negative, knee-jerk reaction to the afternoon Fed announcement on economic policy sparked a sell-off in the final hour of trading that caused the major ind ... Read more

After three straight days of steady, intraday trends (2 down and 1 up), stocks began the month of November with a session of indeterminate chop. Early strength enabled the major indices to briefly reclaim about half of the previous day's losses, but the bears resumed control at mid-day, causing st ... Read more

Taking advantage of the previous day's bounce, traders aggressively sold into strength last Friday, causing the major indices to surrender all of Thursday's gains and break down to new lows of the week. Stocks opened near the flat line, but subsequently trended steadily lower throughout the day. B ... Read more

Bouncing back from its recent decline and four straight days of losses, the stock market surged higher yesterday, enabling the S&P and Nasdaq to reclaim their 50-day moving averages. The session was virtually a mirror image of the previous day's action, as the major indices opened higher, then tre ... Read more

Do you remember last week when I tweeted from the FMA conference about the luncheon speaker who pointed out the fact that levered ETFs that regularly relever are good at mirroring the market on a daily basis, but in the long term are bad bets since they are short an embedded option on Gamma which m ... Read more

For those of you who don't know yet, Larry Connors is giving his last free online presentation on his Professional ETF Trading Course today at 4:30 pm EST. These introductory presentations tend to run about 45 minutes long and sometimes can be a great trading reference just in themselves. In ... Read more

Resolving the previous day's indecision, stocks made a decisive, downward move that resulted in sizeable losses across the board yesterday. Unlike the choppy price action of recent days, a steady, intraday trend (down) persisted from the open to the close. The Dow Jones Industrial Average tumbled ... Read more

The fatal error of classical liberals lies in their failure to realize that their ideal is theoretically impossible if it includes the necessary existence of a state (even a minimal one), understood as the sole agent of institutional coercion. ... Read the full post ... Read more

Yesterday we discussed the fact that many successful professional traders and hedge fund managers scale into positions. Today in the second part of this four part series we'll look at the various scaling methods. Scaling-in with Two Pieces Scaling in with two pieces means you'll buy h ... Read more