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FOREX Trading

Equities SoldOff and the Dollar Rallied While Investors Moved to the Sidelines.

U.S. equities sold off today, still on light volume, but the S&P 500 dropped to a 3 week low, bond prices bounced,and the dollar rallied. The U.S. dollar was able to gain but the gains faded toward the end of the trading day. We are hesitant to take trades in the next couple of days […]

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Swing Trading

MU – Quick Short

Micron Technology, Inc. (MU) will be a good short candidate if the broad market follows through lower today. Please observe the chart below. The picture tells the story. MU has failed to follow through higher after its earnings gap last week. Yesterday the stock squelched buyer enthusiasm even more with a buyer “shut off” pattern. […]

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