Articles by Warren Bevan
Between the NYSE computer issues, Greece and the Chinese making up rules as they go, there is just too much risk. Half the battle is saving your powder for the easy money…and it will come. To be sure trying to trade this type of action...
Markets were acting decent after the Federal Reserve came out last Wednesday and said nothing new. Some stocks are still doing fine. Consequently, I did do some buying in last week, but I’m not heavy by any means.
Markets were strong, then stalled…and finally ended the week on a weak note. I remain in cash…but I did take one small position Wednesday…and it is working well In any case I have tight stops, since this market is not acting normally.
Markets began to act sloppy this week…breaking to break below breakdown levels late in the week. Consequently, I locked in all my gains Thursday…and am now in an all cash position and looking for a little correction.
Gold and Silver markets and stocks started the week out on a rough note, but there wasn’t any panic selling. And stocks which have been strong held up well…so I held onto almost everything -- and even added a bit on Tuesday.
Gold and silver markets had another steady week -- as we moved into the long weekend and remain poised for a great move into new highs…but they have yet to do so.
Stocks saw great action this past week. And after weeks of chopping around seem to be moving out of the nice patterns, which have taken that long to form. Half the battle is waiting for the right setups on the chart…and those patterns take...
Markets remained in their large patterns for the most part with the exception of the Russell 2000, which seemed to have been leading us lower…but now not so much.
Markets continued to be very choppy over the past week…but they are holding key support levels still. Until we break above or below key levels, a high cash position should be best. I’ve been mostly cash except for a few small trades the...