Here’s to sounding like a broken record! But… when the broken record keeps churning out the profits, like it has, I’m all ears.
Of course, I’ve been saying that this market will continue going up – over and over again.
Here’s to sounding like a broken record! But… when the broken record keeps churning out the profits, like it has, I’m all ears.
Of course, I’ve been saying that this market will continue going up – over and over again.
I’ve been saying – constantly – that traders and investors should keep a bullish bias; that it’s the key to making big, consistent profits.
And I’ll say it again: This market is going to continue going up.
Last week I mentioned how concerned analysts and journalists were at the “advanced” age of this eight-year, six-month-old bull market – though, in fairness, these same folks were fretting about age when the bull turned four… five… six…
Anyone who’s been trading and investing for more than seven or eight years will tell you: Since the 2008 financial crisis, the market has taken on a different personality. Regular infusions of trillions of dollars in freshly created capital might change you, too.
The bond market is in the middle of a “perfect storm”, indicating the end of a long bull market.
An analyst from a reputable investment research firm drew a stock chart that has some quarters of the internet panicking.
D.R. Barton’s technical trading prediction actually came true this week: Markets did break out of the triangle pattern.
After a few weeks of “spirited” and profitable activity in the middle of September, in which we broke below the eight-week “ultra-tight” range and bounced up, the markets have settled back into the doldrums that have defined the past few months.
Three weeks ago, the markets finally broke away from the tightest trading range we’ve seen in recorded history.
Investors and traders could be forgiven for calling this market downright boring, but the truth is, for technical guys like me, we’re living through an unprecedented, historic moment.