It’s hard to come up with a good title that gets you to read a post about “Fibonacci Confluence,” but it’s an important and useful tool you can learn - if you haven’t already - that can help you uncover possible targets for intraday traders to play for, and also areas of hidden resistance (or support) that sets up a reversal trade when combined with other indicators.
Let’s take a look at today’s Fun Fibonacci Confluence in the intraday SPY.
The 15-min chart sets up the grid we used today:
(Click for full-size chart)
To find... Continue Reading
The Rounded Reversal into Support on Spain’s Index So much attention lately has been devoted to the “PIIGS” countries and economic concerns, but I wanted to take a special look at Spain’s market index along with the iShares ETF to note a...
Trent Hamm Personal Finance
“Superman Syndrome” Revisited: Money and Self-Esteem Two years ago, I posted a nice long article about what I call “Superman Syndrome” – a tendency for people to try to demonstrate their worthiness to others by buying things for them.
Just...
Lloyd Sakazaki Investor Education
Perpetual Income Generation A student who earned a few thousand dollars over the summer working remarked to me yesterday, "I don't know how I'm going to spend the money if I don't use it to travel over the holidays."At first,...
Corey Rosenbloom Currency
Color Daily EURUSD Forex Chart Shows Lengthy Divergences Instead of looking at the Euro Index, let’s take a look at the Euro - US Dollar FOREX Pair - EURUSD - and see the current ‘color chart’ along with two sets of momentum divergences and an...
Jeff Miller Stocks
Seeing Value in Apple: Would a Stock Split Help? Why is it so hard for individual investors to make winning decisions?Part of the answer is psychology. It starts with a simple question. When is a stock "expensive?"It often helps to have an...
Corey Rosenbloom Trading
Fun Intraday SPY Fibonacci Confluence Grid Feb 8 It’s hard to come up with a good title that gets you to read a post about “Fibonacci Confluence,” but it’s an important and useful tool you can learn - if you haven’t already - that can...
Trent Hamm Energy
Trimming the Average Budget: Gasoline and Motor Oil This is part of an ongoing series about how to trim the budget of the average American. As this series focuses on such broad-based tips, some will work for you and some will not. You’re invited...
Joe Marchelewski Alternative Investments
Warren Buffet to Investors – Buy Private Jets Warren Buffet, one of the world’s foremost investors, had a special message to investors in London – forget stocks, but private jets.
Buffet, who rarely visits London, was not too positive...
United States
The new face of U.S. mortgage lending Today's must read housing market news comes via this story in the Washington Post where the near total control of the U.S. mortgage market by the U.S. government is detailed.Mortgage Market Bound by Major U.S. RoleClasses of Borrowers Cannot Find Loans as Publicly Backed Debt MountsBy Zachary A. Goldfarb and Dina ElBoghdadyIn the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or... Continue Reading
International
Random Shots Watching, monitoring, and analysing the economy and her markets is as much about tracking discourses (and how they change) as it is about perusing data material on various leading and lagging indicators. And thus, as I am still knee deep into putting the last touch on my thesis [1] I thought that I might as well move in with some random shots at what just might (or might not) be a subtle change of discourse in the context of the areas of the economy I am interested in.
Rallying Risky Assets no More?
The first interesting piece that got my attention was the coverage by FT Alphaville's Tracy Alloway of this week's musings by JPMorgan and UBS about whether the recent dip in risky assets (and subsequent rally of the... Continue Reading
Why is it so critical to watch indicators like leading market ratios, sentiment, the ratio of gold to silver, money supply, etc.? Well, one look at this...
I am cutting back on these names for identical reasons in all situations. Stocks that had blown through support and now have made their way back to a...
Many stocks have bounced back from oversold levels last week, but the majority continue to have poor charts and trade below some key moving averages. One...
This certainly would be one idea to pump up ratings at CNBC....
Please note the "analysis" going on in the background of this live shot around the 1...
Since everybody has already been talking about the future elections of 2008, some people consulted a different kind of poll: the 2008 election futures markets at Intrade, the Dublin-based online futures exchange.
HOT COUNTRIES TO INVEST
Turkey Turkey is an island of stability in the Muslim world. The country currently enjoys rapid economic growth as well as political stability.
The essence of Russia's economic reform is laid with privatization. This was a very necessary step as it has a direct influence on the amount of foreign direct investment into the country.
In 2004, China's GDP surpassed that of Italy for the first time in history, making China the sixth-largest economy in the world. China's GDP in 2005 reached US$2.26 trillion, US$94 million more than that of the United Kingdom.
It’s hard to come up with a good title that gets you to read a post about “Fibonacci Confluence,” but it’s an important and useful tool you can learn - if you haven’t already - that can help you uncover possible targets for intraday traders to play for, and also areas of hidden resistance (or support) that sets up a reversal trade when combined with other indicators.
Let’s take a look at today’s Fun Fibonacci Confluence in the intraday SPY.
The 15-min chart sets up the grid we used today:
(Click for full-size chart)
To find... Continue Reading 
Today's must read housing market news comes via this story in the Washington Post where the near total control of the U.S. mortgage market by the U.S. government is detailed.Mortgage Market Bound by Major U.S. RoleClasses of Borrowers Cannot Find Loans as Publicly Backed Debt MountsBy Zachary A. Goldfarb and Dina ElBoghdadyIn the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or... 
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