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What is a "Black Swan Event" and How the Next One Could Shake the Financial World (again)

What is a "Black Swan Event" and How the Next One Could Shake the Financial World (again)
What an eventful week in the world we live in...
 
Assassination attempt on Trump, global IT outage, Biden drops out, what could possibly be next?

The term "Black Swan" denotes an unexpected financial crisis with profound consequences, merging extreme rarity with a significant impact on stock markets and risk management.

It’s often stated that “history repeats itself.”

Get the inside scoop on how to plan for the best but prepare for the worst.

July 12 Chart of the Day - VIX

July 12 Chart of the Day - VIX

The Volatility Index (VIX) moves inversely to the indices and can often be an indicator of upcoming market moves... 

Join us as we walk you through the specific details of the correlation between the VIX and the rest of the market and how to incorporate this relationship into your trading style to increase confidence and consistency!

Get Your FREE VIX Trade Entry Timing Course Today!

What's Your Trading Setup Look Like?

What's Your Trading Setup Look Like?

I often think about and wonder what and how technology could have reshaped our present lives if it existed centuries ago.  Along those lines, I wonder what sort of setup Jesus might have had if He used a computer. 

One of the most frequently asked questions I get is “Tom, what computer do you trade from and how many monitors do you have setup?”

My answer surprises most people and may surprise you as well...

July 10 Chart of the Day - Qualcomm

July 10 Chart of the Day - Qualcomm

Qualcomm is routinely in the headlines as a benefactor from the AI industry's hyper growth.  As a result, the company is coming off fresh $230.63 all time highs set just about a month ago.

When we last featured Qualcomm back in September 2023 the company's share price was trading at $110.

Don't you wish you followed us then?

Today, we'll take another look at their chart from a price action technical analysis perspective. 

All Time Highs - to trade or not trade webinar replay

All Time Highs - to trade or not trade webinar replay

Learn the top strategies for trading all time highs and managing risk.

Many equities and indexes are at or near their tops. Trading all time highs (ATH) can be a risky proposition because there is less historical data available at these levels.

Join ChartPros for this informative and potentially money making/saving FREE webinar replay to help boost your trading confidence, consistency, and trading results.

July 1 Chart of the Day - Google

July 1 Chart of the Day - Google
According to published reports Rosenblatt Securities has downgraded Alphabet's (GOOG, GOOGL) stock to Neutral from Buy and trimmed its price target. The firm cites transitional risks and increasing competition as key factors in its decision.

Since GOOG price recently made fresh all time highs (ATH) and faded some is the downgrade warranted or simply window dressing?

We'll take a look at their chart from a price action technical analysis perspective so you can decide for yourself.

Monthly S&P 500 Chart

Monthly S&P 500 Chart
Higher time frame analysis helps to paint a clearer picture and remove the shorter term intra day volatility.  Once you begin to include this as a habit in your trading routine you may just begin to question the doom and gloom headlines every time the markets drop a day or two.
 
See our latest S&P 500 (/ES) Monthly chart layered with traditional bull low to high Fibonacci levels.

April 2 Chart of the Day - Gold

April 2 Chart of the Day - Gold

Gold (ticker /GC on Think or Swim) has been on a massive bull run making multiple new all time highs (ATH) since Thanksgiving time frame and now it's becoming almost a weekly occurrence.

We see all the headlines calling for Gold $3000 and even $5000... and while that's totally possible, price never moves in a straight line - and we all know that any market cycles up and cycles down.

We've had many requests to identify upside targets for gold, which is not the same as calling a top!

See what we came up with!