by Trent Smalley, CMT | Apr 6, 2020 | Uncategorized
It seems maniacal to ask such a question in the face of an unprecedented economic slowdown due to a novel virus that has turned our worlds upside down. But as we continue to adjust to this hopefully temporary new world, our global markets hum along, drifting lower and propelling higher as they digest new information [...]
by Trent Smalley, CMT | Mar 31, 2020 | Uncategorized
I'm tired. Exhausted in fact. I haven't felt like blogging or talking about stocks or markets with anyone for awhile. It wasn't a bad quarter for me personally, but I know the toll our current situation is taking on so many. I feel for those less fortunate, I feel for those out of a job, [...]
by Trent Smalley, CMT | Mar 22, 2020 | Uncategorized
Futures opened this evening and the /ES was limit down in minutes. This used to be a rare occurrence of course, but in the new world it's commonplace. I want to talk about confluence. One of the most powerful tenets of technical analysis as a discipline. The concept is straightforward: Instead of relying on a [...]
by Trent Smalley, CMT | Mar 16, 2020 | Uncategorized
We won't waste any time. You can refer to these levels going forward for some major charts I (we) all watch. Starting with the one everyone talks about: A. Dow Jones Industrial Average A couple things I am watching: Taking into account the major uptrend which started back in 2008, to the all time highs, [...]
by Trent Smalley, CMT | Mar 15, 2020 | Uncategorized
The first record of the proverb "It's Always Darkest Before The Dawn" is found in a poem written by Thomas Fuller in 1650. While this well known saying is undoubtedly rooted in optimism, there is some disagreement about its accuracy in the scientific community. The brightness of the night sky varies depending on the Moon’s [...]
