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January 8, 2013 at 7:09 PM We gapped higher on the Globex open Sunday night and so far that has been the high of the week. Our first Tweet of the week was to Sell 1458.25.
January 7, 2013 at 10:31 PM Stocks began the year with a bullish push. There's an old adage that so called "calendar money" or "new money" comes into the market over a 3 day period. That explains the big gap open we saw on Wednesday January 2, the first trading day of 2013. It also explains what we saw on both Thursday and Friday. The question today as the markets opened was "What happens when the new money dries up?"
The chart below is a Globex 24 hour chart of the S&P500 Emini Futures.
emini futures, spot market tops August 16, 2012 at 5:31 PM Special Thanks to Burton Malkiel for graciously joining our discussion regarding Efficient Market Theory and his book "Random Walk Down Wall Street".
Mr. Malkiel is a Professor at Princeton, Noted Author and Market Participant.
If you have read the post How To Spot Market Tops you know the answer. We can now state factually that we do have a Double Top. Does that mean we have a Market Top? No. We could, but we won't know for a few days.
burt malkiel, double top, spot market tops August 14, 2012 at 11:38 PM In the world of trading there are few absolutes. Here are a few simple tips to help spot major market tops.
Tip #1) Don't go looking for it. If you spend your days looking for the next major market top you will not only miss a lot of opportunities, you will also get it dead wrong more often than not. Spend your time learning to trade whatever the market presents. Each day it will bring you something new and different, something to challenge you, something to change you. Look back over the history of whatever market you are interested in and get a perspective of how many major market tops there have been and then consider the odds of when the next one could happen along and ask yourself what skills you will need to not only know that it is transpiring, but to execute and manage it successfully.
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