Trading University Daily

Despite a relatively rocky correction over the past couple of months Doctor Copper has managed to maintain a bullish price pattern and stay above its Monthly directional line to maintain its “bull market” status– see top chart below.  Copper earned the preface “Doctor” because over the decades it’s a proven a valuable leading indicator for [...]

In healthy bull markets over the  previous two decades stock traders and market-makers have come to count on the predictable pattern of 401K inflows into stock indices. The flows are tied to employees pay cycle and tend to be most predictable at the beginning of a new month. Most employees of blue-chip firms and other well run businesses have the [...]

Led by AUDJPY & EURJPY the yen pairs rallied sharply today to break above previous resistance and remind traders that “the good old days” of sustained price movement and healthy ranges for the complex may no longer be a thing of the past. Today’s rally kicked off at the tail end of the London morning [...]

While it may not be in the #1 spot on trader’s daily list of developments and concerns, this month’s G-7 intervention to devalue the yen, be it symbolic or real, is certainly in the top three, and could promote a spring buying spree for the yen pairs. If financial markets continue to stabilize as they [...]

Both the GBPUSD & GBPJPY look to start the trading week pointed lower with the short term trends for both the daily and weekly charts now down.  While GBPJPY appears a bit of a wild card because of the G-7 commitment to supporting USDJPY, thus adding a definite uncertainty to the short leg of GBPJPY, [...]

The U.S. Dollar Index reversed its daily trend to higher this pst week after finding support just above the 2010 low at approx. 75.23 last Tuesday. The big push up for the Greenback happened just past noon EDT last Friday as Philly Fed President Plosser opened the door for the Federal Reserve Board’s post-quantative easing policies. [...]