Larry Levin has not received any gifts yet
Everyone at Trading Advantage hopes you had a great holiday, with plenty of relaxation and good times with the family. It was with family over this extended weekend that generated this post. When discussing the markets (which I can never avoid) the Fed came up, but specifically how the Fed is “supporting” the markets via POMO.
POMO is the Fed’s acronym for Permanent Open Market Operations. From the FRBNYs website we read its…Continue
Posted on April 1, 2013 at 9:41pm
When the US housing market was starting to fall apart Ben Bernanke made a now rather famous statement because he was so wrong. Regarding the situation he said on March 28, 2007 “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.”
On which planet of the solar system it was contained, he did…Continue
Posted on March 31, 2013 at 9:43pm
If I had to describe today’s market in one word it would be: indecision. Although the market closed lower, it was mostly indecisive. There were many rumors concerning the Cypress situation – all indecisive in the end.
While the news/decision for Cyprus as a whole may be indecisive as of yet, the reality for its citizens is final: there is little-to-no-money in the ATMs. The news wires carried the following during the day…
*Cyprus Popular Bank…Continue
Posted on March 25, 2013 at 10:03pm
Secret Trading Tip #15
The topic of trailing stops comes up on occasion in my Virtual Trading Room. They can often cause some confusion, so let’s take a bit of time to clarify what constitutes a trailing stop and how you can use it in futures trading..
Trailing stops are actually stop loss orders that you move according to certain parameters in your trading plan.
Why Move Stop Loss Orders?
Stop loss orders are stop orders…Continue
Posted on March 24, 2013 at 9:48pm