Day traders have a high risk strategy which means they can win big and lose big. A low risk strategy is safer and you can still achieve some decent returns if you chose the right strategy...read more
I believe that upside is limited in the stock market. Various factors such as high valuations in the US, rising interest rates and the growing debt bubble in China will discourage risk taking and the stock market will go sideways or down. In the short term however, there is potential for a rally but it won't go far. I suggest selling calls with a high strike price.
The strength of the FTSE last week and early this week was typical price action in a third wave. The move was wave iii (circle) inside the final rally of the bull market...read more
The S&P 500 is flirting with its all-time high but the FTSE 100 is well below its all-time high. We could have a situation where the S&P 500 has a final move down in the next few days before breaking higher into new highs...read more
Here is the chart of EUR/USD that we published a few days ago. The euro is tracing out an impulse wave up, the rally will extend if Macron wins the French election.