Student Traders

Part 3 in the SPY Symmetrical Triangle series. It looked like the market was going to close down fairly substantially on Friday, until the news of a possible bond insurer bailout resulted in a rip roaring rally into the close. As a result, SPY is STILL trading inside of the triangle range. As many investors/bloggers […]

From TraderBlog:
Thursday, February 21–Jim Wyckoff’s Morning Web Log
OVERNIGHT/EARLY MORNING DEVELOPMENTS
The market feature in overnight/early morning trading today is higher gold and silver prices. Gold futures hit a fresh all-time high above $950.00 overnight, while silver futures hit $18.00 an ounce and are at a 28-year high.
* JIM’S MARKET THOUGHT OF THE DAY *
Commodity traders should […]