May 21, 2013
How Much Higher Will Stocks Go?
 As stocks continue to push higher into unprecedented territory, most investors are probably bracing for the eventual pullback, and it’s only natural to consider whether shorting the market is a strategy worth pursuing at some point. In this week’s interview with Toni Turner of TrendStar Trading Group, we discuss her thoughts on doing just that, and where she sees the market going from here. EQ: The famous quote, “The market can stay irrational longer than you can stay solvent,” seems to apply to this market, particularly for bears looking to short the eventual pullback of this exuberant market. What are your thoughts on establishing a short strategy here? Turner: The market is in an uptrend, and it’s in a very strong uptrend. At current levels, I would not try a shorting strategy here unless you are a very experienced short (more)…
How To Exit Winning Trades Part 1
 Given the recent record-breaking new highs in our markets, it’s time to consider how to lock in profits for open winning swing and position trades, before the market drops. In this series of articles, we’ll look at how to use easy-to-follow trade management tactics designed to help traders get out of trades at the earliest signs of weakness. The goal is to scale out of trades in two exits, like industry professionals do, so that profits are realized at two sequential price regions. Scaling Out Of Winning Swingtrades: Your 2-Step Exit Plan As markets continue to rise and share prices climb, it’s a smart idea to lock in gains before the market takes back a large part of unrealized open profits. New traders often miss out on breakout rallies, only to buy near a top, entering too late. Or they (more)…
May 20, 2013
Will This Market Ever Stop Surging Higher?
 As I sit here in beautiful Boise, Idaho on the banks of the gorgeous Boise river, I am reflecting on the best CycleProphet Users’ Forum and Wealth Building Symposium ever (I know last week’s event was the best ever because it was our first ever!). The two and a half-day event went off without any major hitches and from the feedback, it was a huge success. It was good for everyone to hear/see some more of the CycleProphet staff. The attendees learned a lot and picked up some very special insight into getting the most out of the CycleProphet tools and trading methodologies. Quote worth Quoting Again “We, the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution, but to overthrow men who pervert the Constitution.”… Abraham Lincoln In a few days, I will (more)…
May 13, 2013
Why Investors Should Not Swing for the Fences
 This week, my road team and I are in Las Vegas for the Wealth Building Symposium and Money Show at Caesars Palace. I hope you have made arrangements to attend. This will be our first CycleProphet Users Meeting (Tuesday morning and Wednesday morning… see schedule, below). I’m not sure what to expect but know the interchange will likely be a lot of fun and informative for the CycleProphet staff and our loyal customers, as well. Quote worth Quoting Again “We must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty or profusion and servitude. If we run into such debts as that we must be taxed in our meat in our drink, in our necessities and comforts, in our labors and in our amusements, for our callings and our creeds…our people.. (more)…
May 10, 2013
Where Could the Market Top?
In this week’s interview with Toni Turner of TrendStar Trading Group, we discuss the market’s ability to push higher as catalysts are running out. Also, if, in fact, a top will take place, where is it most likely to occur? EQ: There’s really no other way to describe the current market besides the fact that it just wants to go up. Thursday saw the market closed down, but just barely. What are your thoughts on trading the current market right now? Turner: I just don’t see how the current uptrend can continue without a catalyst. We need a really good piece of news. Earnings season is coming to an end, so we’re not going to have the big market movers helping to be that catalyst and push the market higher. As far as economic reports go, jobless claims came out (more)…
May 6, 2013
Bull Market Shows No Signs of Letting Up
 I’d like to see a show of hands for the next 3 questions: How many of you think the market is going to move a lot higher before it moves a lot lower?… Ok… let me count… keep your hands up until I get the count… got it. You can put your hands down. How many of you think the market is going to move a lot lower before it moves a lot higher?…. Oh… a few more hands on this one… Joe… did you vote twice already?… Ok, put your hands down. Ok… last question… How many of you don’t have a clue where the market is headed? Wow… That’s an overwhelming majority I see out there… so many, I’m not going to even try to count. You can put your hands down; even those of you who voted (more)…
May 2, 2013
The Best Six Months for Stocks is Over, So Now What?
 For the second time in two months, the S&P 500 managed to close out on the last day at a new record high. While even the most bullish of bulls are probably wondering when the eventual digestion of these gains will take place, the momentum right now is still suggesting there is room to move higher. In this week’s interview with Toni Turner of TrendStar Trading Group, we discuss whether the “Sell in May and Go Away” adage applies to the current market, and whether stocks will retest the 1600 level on the S&P 500. EQ: The S&P 500 closed at a record high on the last day of April, which is the second consecutive month it’s done that. May, however, does traditionally kick off the worst performing six months for stocks. Does this concern you? Turner: If we look (more)…
April 29, 2013
Momentum Stock Entry Signals Part 3
 In this third and final article in the series, we’ll take a closer look at how to use specific price-action momentum signals to identify emerging breakouts. In our earlier articles we looked at “wide range” candles, MA crossovers and the Wilder’s Average Directional Index (ADX) to quickly filter through charts. As we examine strong momentum entry signals, one key concept to keep in mind is that we’re now looking for charts that are showing increasing momentum and price action, so that we’re able to pull the trigger on strong trades that move after we enter. Momentum Swingtrade Entries: “3-Day Expanding Range” Pattern Many aspiring breakout traders make the common mistake of avoiding entries following strong moves, in fear that the price will exhaust and sell down after they enter. Avoiding false breakouts while still having the confidence to enter (more)…
Where is the Market Headed Right Now?
 If you are anything like me, you think about the stock market a lot. You may muse over what kinds of events could occur to move the market higher or lower. You may, if you can get away from the fact that the market has been wildly bullish since March of 2009, posit the following question: “What is keeping this market in a raging Bull mode?” After all, we know the following: Quote worth Quoting Again “In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else, for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every (more)…
April 25, 2013
What Traders Are Watching Now as Earnings Season Rolls On
 The big story in earnings season this week was obviously going to be Apple (AAPL) and subsequent reaction from investors. While the iPhone/iPad maker delivered on results and perhaps even surprised shareholders a bit with an aggressive plan to return some cash, it failed to generate any excitement for the future. The initial response from investors was lukewarm at best. In this week’s interview with Toni Turner of TrendStar Trading Group, we discuss Apple’s prospects going forward, as well as other key areas of the market investors and traders should be looking at. EQ: Arguably, the biggest individual story this earnings season for investors was Apple (AAPL). Yet, despite some major news on Tuesday, the stock was most unmoved. What were your thoughts on this? Turner: After the bell Tuesday, Apple announced a large stock buyback and a big dividend (more)…
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