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These are basically swing high and swing low points for the S&P 500, DJIA, and Nasdaq. Because the indices are at all-time-highs, swing high points for all time frames are based on the Daily swing highs. Again, these are just reference points for any trader who...

Is This What Has Got the Fed So Spooked?  Source: Zero Hedge "Over the last week, multiple Fed officials have surfaced to suggest the Fed needs to start cutting interest rates right now. Indeed, on Thursday, John Williams, who runs the NY Fed (the branch in charge of...

A famous quote from Jesse Livermore: “It never was my thinking that made the big money for me. It always was my sitting...Men who can both be right and sit tight are uncommon.”   I begin with this quote because it touches upon a basic attribute of swing trading, that...

The following swing trading levels are reference points for traders to consider. As we provided levels for a long and short bias, the information is directionally neutral.   The levels are also ultra short-term, meaning that support and resistance targets are based on...

Full-Blown Currency War Can No Longer Be Ruled Out, Pimco Says  Source: Yahoo Finance/Bloomberg "A full-blown currency war where major central banks and governments, including the U.S., deliberately weaken their currencies can no longer be ruled out, Pacific...

Fed Chairman Jerome Powell strongly hints a rate cut is coming Source: CNN "Federal Reserve Chairman Jerome Powell on Wednesday strongly hinted at a potential rate cut later this month, citing unresolved trade tensions and worries over the weakness of the global...

The history of boom and bust cycles in the US has shown that the Federal Reserve has played a central role in engineering the entire process.   The Fed is adept at using cheap credit, what we call “dark money,” to inflate financial bubbles under the banner of economic...

It Wasn't All Great News: Multiple Jobholders Soar To Record High Source: Zerohedge While the headline payrolls number was stellar, coming in higher than even the most optimistic Wall Street forecast, one aspect of today's jobs report that will likely become a major...

It’s not uncommon to see one pattern that packs a number of different and sometimes incompatible interpretations. Sometimes these incompatibilities have to do with direction--long or short--and sometimes with regard to entry and exit points.    But as technical...

  Last Monday, gold reached a high of 1,442.90, breaking above its 6-year high of 1,434. A traditional safe haven, gold took a sharp and parabolic turn once the Federal Reserve announced that it may be open to slashing interest rates once again.    Should rates fall,...