Markets may soar from here.... perhaps even to Dow 50,000!
Why?
1. Corp. tax cuts will be a big boost to earnings.
2. If the companies use the majority/all of the tax savings for stock buy-backs (as is likely because corp insiders would get the biggest benefit), that could light a fire...
"Learning to trade" is a valuable lifetime skill. Doesn't mean "scalping", but rather when to go on/off the risk. Just because you turn 65 doesn't mean your need for a good return on your money has come to an end.
One doesn't always have to be a screen jockey. At any age, "good trading" can...
American Patriots... who hate Obama, Clinton, Bush, Pelosi, Schumer, Reid, Waters, Cummins, Dean, DiBlasio, Brown, et al... and the rest of the Lefty Communists trying to destroy our coutry, is all.
That too. If you've got the money, you can have a Ferrari to drive to the Starbucks down the street if you choose! :)
Noobs get the notion, "If I have a high-power computer with lots of monitors... that will make me a success". Not the case at all. (My first trading computer was an 8088 XT...
I doubt you (or anyone) can effectively follow that much. (I'm as "professional" as any of the screen jockeys on ET, and display only 6-charts per layout. Often times I look back and say, "I missed that".... a trendline I didn't have drawn in or a Fib. That's not counting what goes on in the...
Ditto that. I am in favor of Xeon CPU on a Dell workstation (same for HP and Lenovo workstations, too).... quality of parts (supposedly) and longevity. My trading rig is a Dell T3500 w/Xeon CPU... 9 years old, runs without skipping a beat and still plenty of horsepower for today's markets...
The Leftists INTEND TO WIN. PERIOD! Nothing is beyond the pale for them. Not decption, not lies, not cheating, not even murder. That's how they've operated all around the world.
We should not be "surprised" by anything they say or do... and we should be ever vigilant against their evil.
:(
He's had a recent string of calls that have been consistently wrong. At least he exercises stops as he should, so being wrong hasn't cost him much. (A lesson for all traders.)
https://www.zerohedge.com/news/2018-03-14/gartman-makes-watershed-call-equity-markets-have-hit-multi-year-top
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I don't believe he's correct.
My view is this recent turmoil is all/part of a "4th wave of the 5th wave up" from...
No. "Crash" not possible to anticipate. Market is still "Psycho-UP". An argument can be made that any bear market/crash scenario is still 2 years out. Traders should be playing around a long-side bias... until the Feb lows taken out and sustained.
Not exactly.
Astro-trading is about predicting/anticipating market turns clued from astrology*. (If that were to actually work, it would be a genuine "edge".) Proper TA is about recognizing "a price event" is occurring or that one has passed.
*Rosecast sometimes sends emails informing of an...
There is a Big Bang Theory episode where Raj and Lucy have a "texting date"... sitting across a table from one another in the library. Humorous notion on one hand, sad on another.
Years ago our family used to have Saturday dinner at my aunt Ida's house. She was a world-class cook! We'd eat...
I don't like "moving average crosses" of any stripe. They are 2nd derivatives of price. Any trader worth his salt should have "seen it" before the cross.
The concept of "Moving Average As Support/Resistance" has some validity, however.
With low costs and no barrier to entry, the notion of "trading the markets" has an aura of "vast amounts of quick and easy money". Reality is much the opposite for most.