Far more important to your trading success than your entry system is how you manage your trades after you enter your position.  For daytraders, you obviously need to be far more active in monitoring your positions than if you are using a long term trend following system. 
Short term swing traders and daytraders tend to try […]

The first week of December could prove pivotal for the U.S. stock market as it attempts to rally off the recent lows.  We are looking for a key follow through day to the upside following the November 21 rally.  We would like to see a 400 plus point day in the Dow by Wednesday.  That […]

U.S. Stocks posted modest gains in a shortened trading session today, ending a very positive week.  A quick look at long term charts on the major averages suggests that this rally probably has some legs.  The underlying tone has certainly improved in no small part to the mortgage bailout plan put forth by the Fed […]

Weak economic data reported this morning failed to keep the market down today, as credit conditions in the mortgage market continued to ease.  The market opened lower today after personal income and spending figures, along with durable goods orders were released.  However, the market then rallied after the slow start, resulting in a four day […]

The Treasury and Fed finally produced a plan to help the residential mortgage market, and this had an immediate impact on the Treasury markets as yields plunged and credit spreads narrowed significantly today.  30 year mortgages dropped as much as 40 basis points to well below 5.5%.
From the perspective of a real estate professional, as […]

The U.S. stock market rallied strongly on the back of the $20 billion bail-out of Citigroup.  The market opened higher, and managed to stay strong throughout the day.  President-elect Obama also introduced his economic team, and the market shrugged off is comments regarding higher taxes for the wealthy down the road. 
Overall, it was a pretty […]

The U.S. Stock market is getting an early morning bounce before the open today on reports over the weekend that the government is buying $20 billion in equity in Citigroup to help keep that company afloat.  The list of Fed bailouts continues to grow.  Next up, the automakers, which have been asked by Congress to […]

Kungfutrader.com is pleased to announce that beginning next week, we will begin offering our new weekly newsletter covering the futures markets (including the major commodities, currencies, Treasuries and Stock Indexex), as well as individual stocks based upon our Ultimate Stock Trading System. 
 The futures coverage will provide information regarding Turtle breakout levels and stops within the […]

President-elect has named his economic team, and has also outlined his economic strategy to add over 2 million jobs to the economy over the next several years.  New York Fed President Tim Geithner was named Treasury Secretary, New Mexico Governor Bill Richardson was named Commerce Secretary, and former Treasury Secretary Larry Summers was named head […]

The stock market ended the trading week with a huge late day rally upon news that President-Elect Obama will nominate New York Federal Reserve President Tim Geithner as Treasury Secretary.  The rally erased Thursday’s losses in the Dow, but not quite in the S&P 500 and in the Nasdaq. 
One of the issues plaguing the markets […]