When I was in MBA school back in the late 1980s (yeah that's me back then long before gray hair) it was drilled into me that a company’s stock price was always tied to its financial statements. You know, Profit and Loss statements, Balance Sheets, etc and all that fancy financial lingo.
And so I went through much of my early adult life not really ever knowing otherwise. But along the way I had heard of this “technical analysis” stuff but considered it something like voodoo or witchcraft because as far as I knew it had absolutely nothing to do with the fundamentals of a company’s financial performance.
There's been a long running debate between the technical analysis chartists and the fundamentalists and both sides can make their case for being "right". Both sides often think that their way is best and the other side is full of you know what...
Since no one can predict the future how did the recent Federal Reserve's hawkish position on interest rates that's filled the news just so happen to occur during a time when chartists like us were anticipating a potential pull back?
(This is an updated post to include recent news and recent charts because this scenario occurs over and over again...)
By definition, a bear market is when price drops 20% or more from its recent or all time highs. So for the S&P 500 ticker /ES one could say that technically speaking the bear market is over because price is now approximately 15% off the all time high set back in October 2021.
But is the recent run up simply a "Bear Market Rally" or are the bulls firmly back in charge gunning for new all time highs? See this before your next trade!
You'll see the only Price Action tools needed that are native to every charting platform and how to apply them in the current volatile conditions.
As a BONUS participants will be introduced to the ChartPros Trade Entry Timing Tool that can be used anticipate market moves across a variety of timeframes and trading styles!
Recorded Thursday November 3rd, 2022 04:30 PM Eastern Time
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!
This course normally sells for $129 but for a limited time you can enroll for the incredibly low price of only $29!
But what about your trading? Have you made resolutions before? Like have more discipline? More patience? Stop chasing trades? Some may even consider quitting trading altogether? Read more...
We frequently get asked about various funded trading programs and we've reviewed plenty of them but historically never participated in or recommended any of them.
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 webinar to help boost your trading confidence, consistency, and trading results.
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