Archive | May, 2010

Monthly Trend Shift Lower for Stocks & Carry Trade

By Jay Norris  5-30-2010 Despite a game attempt by the U.S. economy over the last 13-months to recover from the stock market collapse and economic contraction of 2007-08, the monthly trend for the major stock indices reversed lower in May to leave the S&P 500 now down for the year — see Figure 1. The carry trade [...]

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Better to Have to Slow Down than Speed Up

By Jay Norris The following article is a reprint from May 2008 I’ve devoted a lot of time to learning to identify “trend” trades, and in teaching my clients the same. In doing so we had to understand “counter-trend” trades just as well, as we have to differenciate between the two. To gain that knowledge, [...]

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Daily Forex Report: Bear Markets in the Majors

Daily Forex Report for 5/26/10  Click here to view Jay’s Daily Forex Report for 5/26 where he covers the six major currencies, the U.S. stock market, and gold. Teresa Bell DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the [...]

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The Importance of Reviewing Your Trades

What broke a lot of bad habits I had in trading was knowing that after I exited a trade, I had to place the buys and sells and prices and times in a spreadsheet, and send them to my mentor. Then I had to pick up the phone and call him to review the trades [...]

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Stock & Currency Markets: Bear Market Rules

I’ve been chewing on the pronounced change in the direction of the stock market since the collapse earlier in the month, and it took our Head Trader, Al, to simplify it for me. “Jay” he said in his heavy-handed yet somehow patient mqanner, “pull up a monthly chart of the Dow” — see Figure 1. I [...]

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Detachment & Trading

I’m convinced that the harder someone tries to grab and hold on to something, the more likely it is that they will lose it. It’s one of those universal paradoxes. So if you find you are one of these people that has a burning desire to be a succesful trader, but have not gotten there [...]

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