Why Some Stock Traders Get Rich and Some Stay Poor
Rediscover A 93 Year Old Trading System That Still Works Today.
After 20 years of trading, the question kept getting louder and louder.
If today’s trader has access to more technology, more charting solutions and more information than any point in history – why aren’t those advantages translating into more money?
This report examines why the modern trader is underachieving and introduces the obvious solution, found in the least likely of places…
What separates this information is that it’s based on real people. Real people, real money, real traders. Traders just like yourself. The lessons were experienced through my own eyes.
SPY ETF Chart 6.17.19
The stock market has a lot going on this week, including a FOMC meeting. And the charts are showing it.
After a violent bullish rally from below the 200 period simple moving average, we are seeing a ton of inside days and consecutive indecision candlesticks. Which translates into an expansion game plan.
The last 3 days of last week were cash flow mode. I'm looking for increased trading ranges and longer term trades. Be patient, it will leads to some nice trend days and most likely a large weekly candlestick.
Pete
The Fed may break a lot of stock-market investors’ hearts this week
The first cut is the deepest. Clamoring for a rate cut — the first in more than a decade — by the Federal Reserve at some point this year is running hot.
A survey by the Wall Street Journal earlier in the week signaled that nearly 40% of economists (paywall) polled by the publication expect the U.S. central bank to ease monetary policy next month.
marketwatch.com/the-fed-June-2019
Oil prices slip as economic worries outweigh tanker tensions
LONDON (Reuters) – Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.
Trump ‘perfectly happy’ to slap further tariffs on China if no deal is reached, Wilbur Ross says
President Donald Trump is ready to proceed with tariffs on the remaining $300 billion in Chinese goods in the absence of a trade deal, according to U.S. Commerce Secretary Wilbur Ross.
“We will eventually make a deal, but if we don’t, the president is perfectly happy with continuing the tariff movements that we’ve already announced, as well as imposing the new ones that he has temporarily suspended,” Ross said.
