US equity markets might be closed for Good Friday, but the FX market is still open, and I am still watching the Yen.
ContinueUSD/JPY Trading Ideas April 14
Morning Chart Analysis
Below is a chart of $ES, along with the extended risk appetite index (eRAI) and VIX between December 1st, 2016 through the current values today. Risk appetite dropped considerably yesterday, while the VIX rose by a fair margin. The eRAI has been on a more or less downward trend since the middle of March. General […]
ContinueStock Update: April 11, 2017
The S&P 500 has been staying above the 2350 support level for a while, This has pushed the index outside of its downward trading channel. Meanwhile, volatility has increased at a reasonable pace.
ContinueMarijuana Stocks: An Update
I have written a few articles about marijuana stocks. This article is an update on marijuana related legislation and past stock selections, as well as a quick discussion on one new selection for my watch list.
ContinueElliott Wave Theory and Exogenous Factors
The goal of this discussion is to explain the basics of Elliott Wave Theory and how it is compatible with a market which is driven, as a whole, by fundamentals and news. For this article, I am going to assume that the basics of Elliott Wave Theory are understood. It will therefore be very brief.
ContinuePotential VIX Pop
While I do not use Fibonacci retracement and extensions very much, drawing a retracement study from the most recent high to the most recent low, it is clear that the index has spent a lot of time around a few price levels: 11.79, 12.34, and 13.24. If the VIX breaks above this level, we could […]
Continue