I agree with USD/JPY on long side. Breakout close above 105 along with structural problems of Japanese economy make this a favorable trade. Easily can see 120-150 yen in 3-6 months, and 200+ in one year.
Japan has no way it can may its debts and keep JGB yields low enough to avoid bankruptcy...
Silver testing $19, gold testing $1250, and platinum testing $1400 weekly support and no economic stability is priced into markets whatsoever. I'm leaning towards buying, but need to wait for reverse in technical momentum to confirm.
Some options and futures traders I know use this as a momentum indicator in lieu of MAC-D or stochastics. Was wondering if anyone on the forum has experience with it?
I personally have other technical indicators, but I only use technicals for entry points of stocks, indices, and futures I...
My worst trade holding short positions on S&P, Russell and CAC 40 without stops for four months in 2012. Lead to a 14% portfolio drawdown before a 21% rally to close the year slightly positive. Fixing risk management was key to turnaround.
This won't solve any of Europe's economic problems. Europe is in decline due to social decay and a fundamental lack of competitiveness. The EU chose social harmony and equality over growth and are paying the price with a stagnant society. It will take a radical shift in European nation's...
Molycorp looks like a good binary. With current losses in a high potential industry, company will either go bust or double in share price from depressed levels. I think geopolitical realities lean towards the company staying alive.
Great thread. I plan on adding some of these resources to my research list. Another good resource for risk management is Dr. Alexander Elder's book, Come into My Trading Room. It helped me a lot with properly sizing risk and positions.
Dow is only 30 stocks and price weighted. If you are trading based on macro fundamentals, the S&P 500 is a better instrument because its more comprehensive. For volatility and movement the Russell 2000 is the best index trade amongst US stocks.