Market Update: July 26th, 2013 – Time to Short

by | Jul 26, 2013

Well, the SPX completed a nice 5 waves down last night in line with expectations and my projected roadmap. The US$ pushed to marginal new lows in what I expect to be the final decline before the strong US$ reasserts itself. There is no clear evidence of a change in trend for the US$ yet, […]

July 25th, 2013 – Mea Culpa

by | Jul 25, 2013

Yesterday was one of those days where my analysis of the charts was pretty much spot on but my trade execution was terrible. The market charges a tuition fee for learning and I paid my dues yesterday. While only a small loss on a small position, the bigger issue was the opportunity cost of losing […]