Opinions are a dime a dozen
Narratives only get traders in trouble
In my trading I have no desire to have an opinion or a narrative
I trade price and price alone
As a Corn and Bean trader since 1975 I found it very interesting recently when all the newcomer "commodity experts" were shouting BUY BUY BUY for $DBA
It was a huge "tell"
Market update
$SPY fell below the rising 🟠5sma which makes the near term a little more cautious
$QQQ and $SMH remain stronger, above the rising 5 and
$IWM is a near term avoid, look a test of the 🟢 May low AVWAP
Today’s semiconductor melt-up obviously resembles post-1998 behavior (upper clip). ROC is well short of the 76-week reading at the March 2000 top (middle clip), but well ahead based on the 61-week interval since April 2025 (lower clip). Trailing stops, anyone?
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Includes:
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I published my list of five rules a trader needs to be successful nearly 40 years ago.
If you've got the time, the drive, and the right psychological makeup, you can enter that elite realm of the truly professional, or at least successful, trader or investor. Here's what you need:
1. A method
2. The discipline to follow your method
3. Experience
4. The mental fortitude to accept the fact that loses are part of the game
5. The mental fortitude to accept huge gains
Today's Chart of the Day was shared by @nullcharts
Participation is expanding, as the median stock just pushed to its highest level since January 2022.
Get the full breakdown in today's report plus more great charts. ⬇️
https://t.co/1M1WV4NaLC