Boomerang market is actually what we looked for at mid-week. How so? S&P aborted a rally and was declining anew. Looked pretty bleak; but looked at a couple key earnings reports, recognized it would be a challenge back up to the ‘pivot zone’ (that’s the 50-Day Moving Average) around S&P 5100.So we thought Thursday would approach the […]

Elliott Wave Analysis TradingLounge Daily Chart TRON/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Counter trend    Mode: Corrective Structure: Zigzag Position:  Wave ((C)) Direction Next higher Degrees: wave I of Impulse Wave Cancel invalid Level: Details: Wave IV  may be complete and the price increase again in Wave V.TRON/ U.S. dollar(TRXUSD)Trading Strategy: Overall, TRON […]

Image Source: DepositPhotosThe EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0765 on Monday during the early Asian trading hours. The softer US Dollar (USD) provides some support to the major pair. Traders await the HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone, along with the Eurozone Producer Price Index (PPI), due later in the day.  The recent […]

Image Source: DepositPhotosEvertz Technologies Ltd (EVTZF) is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries.Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, […]

It was a volatile week of trading heavily influenced by hedging flows, as noted by sharp rises and declines in implied volatility measures such as the VIX. This makes grasping the underlying message in the market hard.Friday was difficult in some respects because it left me feeling somewhat defeated. Not because the equity market rallied […]