Crude Oil prices rallied today and took out its highs after days of growing international pressure to take action against the Syrian regime and their alleged use of chemical weapons. Reuters reported that: “Obama is considering cruise missile strikes against Syrian targets in response to the August 21 chemical weapons…
“Breakout” patterns can create potentially great trading opportunities, as long as you are ready for them in advance. So here are 3 markets I have selected which are poised to “breakout”: USD/JPY (Dollar-Yen currency pair) I spoke with my good friend and currency trader Kevin Burton about USD/JPY last week.…
Get ready as Facebook shareholders are about to experience another round of pain (see video below). Wall Street refuses to press the “Like” Button on Facebook, and probably for good reason. So far Facebook has gone through two important phases: Phase 1 – The Pump and Dump: Wall Street “BS…
Be prepared. Something big is brewing up on the stock markets. That is, the markets are getting prepared for an EXPLOSIVE breakout. Let’s take a look at the Nasdaq. The above chart shows that the Nasdaq has tested the 2420 region many times (once in the spring, twice in the…