Euro interest rate cut expectedRight now, euro weakness in forex trading could be worth more attention that the continued U.S. dollar rally. This is because the euro zone appears to be threatened on a number of levels by economic data.
Right now, deflation is one of the major concerns for the euro in forex trading. […]

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The last few trading days have been a boon for buyers, but let’s take a closer look at the 15-min intraday chart of the DIA to see what kind of foundation underlays this move.
DIA 15 min:

At first glance, we see a powerful trend-move on the 15-min chart, as price rallied almost without pause from $84.00 […]

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I wanted to call attention to a study by Rob Hanna of Quantifiable Edges regarding using a simple timing mechanism to try to achieve better returns over an 11 year period in a hypothetical 401k.
Rob’s post “Should You Time Your Entries into Your 401k?” addresses this question and tests the difference between equal contributions on […]

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With last week’s price action taking us slightly above resistance on the daily chart, let’s view both the daily and weekly price structures of the S&P 500 and note additional possible overhead resistance targets.
S&P 500 Daily:

The first thing that should jump out at you is that price rallied the last three days and officially closed […]

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Ok, maybe not “ever,” but today’s intraday DIA price action comes as close to an “idealized” or perfect trend day example as you can find.  Without further delay, let’s see the stable price action that made up the day.
DIA 5-min January 2, 2009:

The day began as many classic trend days do - with an overnight […]

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A reader asked me to elaborate on the various confluence price points that helped set in the 1987 “crash” low and here is a representation of some of those points.
S&P 500 from 1980 to 1987 - compressed with Gann and Fibonacci:

Let me explain what I’ve done with this chart.  I begin the chart at 1980 […]

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How’s this for a headline:  All Four Major US Equity Indexes have now Broken Above Key Resistance via their 50 day EMAs… at least intraday.  Let’s take a quick look and then wait for a fuller assessment after today’s close.
S&P 500 Daily Chart:

Again, fuller analysis will come after the close but you need to be […]

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Down under currencies up in forex tradingWith a new year comes new hope that risk appetite will improve and that global economic stimulus will take effect to begin to stop the recession. As a result, the down under currencies are up in forex trading, reports Bloomberg:
The Australian and New Zealand dollars rose this week, headed […]

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Dollar gains against the euro in forex tradingThe U.S. dollar is starting 2009 higher in currency trading on the FX market as euro zone economic data shows that the economy on the other side of the Atlantic continues to slow. Indeed, the dollar is at a two-week high against the euro in forex trading today.
Greenback […]

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Will Yen be as popular in 2009 on the currency market?2008 marked the year that the Japanese yen became rather popular on the currency market. However, the forex trading forecast for the yen in 2009 might not tell the same story.
If economic stimulus takes hold, risk aversion will decrease, and a renewal of the […]

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