Alrighty, now that the trading stand down period is over we can get back to work. Biden is now President. The headlines have been what will this one or that one do to the markets. First of all, we don’t care. Most traders do not. I am going to flesh out some reasons tomorrow. For …
Author archives: Charles Goddard
November 5th, 2020
“Remember, Remember the 5th of November, the Gun Powder treason and plot. I can think of no reason that the Gun Powder treason should ever be forgot”. Me either, considering the calibre of government most countries enjoy these days. I mentioned that this week is a stand down week as far as trading is concerned. …
Weekly Round-Up to October 30th, 2020
Sorry to be a disappointment to “Weekly Round-UP” fans. I want both of you to hear the reason for no Round-Up this week before doing something rash. This is election week in the U.S. and is consequently providing us with an object lesson. The markets will be unpredictable. It is a time when I suggest …
A snap shot of the S&P 500 as of October 30th, 2020
A quick look at the S&P 500… Not much to add. We need a close beneath 3233 to complete the pattern. If you have any questions regarding this chart, please drop me a line at: charlesgoddard2020@gmail.com
Weekly Round-Up to October 23rd, 2020
ttps://abeginnersguidetotradingandinvesting.gr8.com/offer_page.html The Weekly Round – Up is upon us yet again. Those of you new to this most exciting time of the week need to strap in for the roller-coaster you are about to ride. We have a legend of sorts at the top to give you some idea what is going on here. We …
Weekly Round-Up to October 16th
Here we are once again at the weekly round up. This is the time of the week that we take a look at all the charts whether there is trading activity of not. I know you are anxious so let’s get started. S&P 500: SSO = UP, SDS = DOWN It just so happens that …
Weekly Round-Up to October 9th, 2020
https://ABEGINNERSGUIDETOTRADINGANDINVESTING.gr8.com/order_form.html Alright, the weekly round up. At least we had some action during the week, so the withdrawal symptoms shouldn’t be too bad for you. Let’s get started as we often do with the big kahuna, the S&P. S&P 500: SSO = UP, SDS = DOWN We have twice the excitement as we also had …
Market Close October 8th, 2020
https://ABEGINNERSGUIDETOTRADINGANDINVESTING.gr8.com/order_form.html Look at me working my poor little fingers to the bone because there has been a development in our charts. There is something that I realize I have not mentioned for a while. I can’t help but feel responsible for that oversight, mainly because it is me that didn’t mention it. Most of the …
Market Close October 7th, 2020
https://ABEGINNERSGUIDETOTRADINGANDINVESTING.gr8.com/order_form.html A post during the week can only mean one thing: a trade has been triggered. Let’s get right to the chart. I had previously reported that TBT – our stock market for 20 year Treasuries declining in price – had done all it needed for us to put in a stop-buy. Let’s review our …
Market Close October 5th, 2020
The close provided us with some fodder. Let’s take a look. TBT is our ETF proxy in the stock market for 20 year treasuries declining. Since most of you have accounts that don’t allow shorting, we use this symbol to profit as the treasuries themselves decline. You can see on the right hand side of …