stock trading
Stock Market Trend Analysis 10/6/08
A very volatile session once again, but there was a powerful rally at the end of the session. Granted, you can’t trust rallies until the moving average starts heading higher. Leave your opinions at the door - the only reason to buy is when price action tells you to. All this volatility is offering fantastic trading opportunities, but be careful. There is a more neutral market for gold, so that’s something to keep an eye on. Oil was down to new lows but the trend is still lower. Again, listen to price action. It’s going to take a while for the confidence in the financial system to heal. Don’t succumb to greed. Greed is what caused the entire mess in the first place.
Stay tuned for more technical trading advice.
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Stock Market Analysis 10/3/08
More technical stock market analysis from Brian Shannon. The government finally passed the bailout bill…and nobody cared. The market remains in serious trouble and it will take time to recover. We are in a bear market. It’s a global liquidity event and people have no confidence in stocks, meaning most of them are choosing to stay in cash.
Stay tuned for more stock market tips and trading advice.
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Stock Market Technical Analysis 10/2/08
No big surprise here. Another down day in the market.
Defense wins the game these days, so don’t forget to protect your money.
At the moment, there’s no end in sight to the lows. Don’t kid yourself that it’s got to be at the basement by now. Wall Street is a big mess at the moment. Expect lots of volatility until it works itself out, which probably won’t be anytime soon.
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