The Traderszone Network

“In the past, politicians promised to create a better world. They had different ways of achieving this but their power and authority came from the optimstic visions they offered their people. Those dreams failed. Today, people have lost faith in ideologies. Increasingly politicians are seen simply as mannequins. But now they have discovered a new role that restores that power and authority. Instead of delivering dreams… politicians promise to protect us… for life.”

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“In the past, politicians promised to create a better world. They had different ways of achieving this but their power and authority came from the optimstic visions they offered their people. Those dreams failed. Today, people have lost faith in ideologies. Increasingly politicians are seen simply as mannequins. But now they have discovered a new role that restores that power and authority. Instead of delivering dreams… politicians promise to protect us… for life.”

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Reuters quote unnamed sources on the plays within the European Central Bank Council meeting on Thursday:
–  ECB’s Governing Council viewed the economic outlook as improved, updated inflation forecasts were not as bad as feared

A strong rally on Friday more than erased losses from Thursday and left the market in much better shape. The chart below shows the S&P 500 ending the week back above its 200-day average after bouncing off its 50-day line on Thursday. Chartwatchers will now recognize the pattern of the last month as a “pennant” or “symmetrical triangle” which is defined by two converging trendlines. That’s usually a continuation pattern and increases the odds for an upside breakout. That would fit with the seasonal tendency for stocks to end the year on a high note.

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A strong rally on Friday more than erased losses from Thursday and left the market in much better shape. The chart below shows the S&P 500 ending the week back above its 200-day average after bouncing off its 50-day line on Thursday. Chartwatchers will now recognize the pattern of the last month as a “pennant” or “symmetrical triangle” which is defined by two converging trendlines. That’s usually a continuation pattern and increases the odds for an upside breakout. That would fit with the seasonal tendency for stocks to end the year on a high note.

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On 12-3-14 the S&P closed at 2074. On 12-3-15 (Friday) the S&P closed at 2091. That’s about as flat as you can get over a 12 month period and it helps explain why many traders have had a difficult time scoring big gains over the past year.

We have certainly found it more challenging at EarningsBeats.com, especially when you get out of the blue sell offs like we saw on Thursday only to be followed by an out of the blue surge on Friday. And everything else in between!

read more

On 12-3-14 the S&P closed at 2074. On 12-3-15 (Friday) the S&P closed at 2091. That’s about as flat as you can get over a 12 month period and it helps explain why many traders have had a difficult time scoring big gains over the past year.

We have certainly found it more challenging at EarningsBeats.com, especially when you get out of the blue sell offs like we saw on Thursday only to be followed by an out of the blue surge on Friday. And everything else in between!

read more