.Patience required.

Since the Fed said the market was not giving enough weight to a rate hike this June, the market has stalled out with volumes drying up considerably on most stocks and few gains to be had.

The greatest market traders of all time

http://www.timesofmalta.com/articles/view/20160523/business-features/the-greatest-market-traders-of-all-time.613051?utm_campaign=Contact+SNS+For+More+Referrer&utm_medium=twitter&utm_source=snsanalytics

markets now

Following the release of the minutes on Wednesday, Fed funds futures rates showed that investors doubled the likelihood of a rate increase from the Fed in June, to 34 percent from 17 percent, according to CME group's FedWatch tool.

However, on Thursday markets rebounded from Wednesday's sell-off, and priced down the odds of a Federal Reserve interest rate increase after remarks from New York Fed President William Dudley.

The likelihood of a June interest rate hike fell to 26 percent after Dudley's speech on Thursday.

stay alert... in the now

Trading

"Identifying a pattern is a relatively easy task in which to gain competence. Trading a pattern once identified – now that is a horse of a different color.

How many times have you heard another trader say (or said to yourself): “I knew that stock XYZ was going to go up, and it did, but I did not make a dime on the move?”

Trade signaling, in my opinion, is far less important to net profitability than is proper trading tactics and aggressive risk management protocols."

Australia’s central bank cut interest rates to a fresh record low as it moves to counter the emergence of disinflation...

Australia's Central Bank Cuts Rates to Record Low

Major averages fell Friday on higher, above average volume, this has marked major market tops in the past such as in 2000 and 2007.

Controlling risk is the most important rule in investing. Should the current correction continue, keeping stops tight and restricting buys to only the best risk/reward entries is wise. But should QE create a floor in the current correction with a resumption of the uptrend, new buy opportunities will emerge. Stay alert and flexible.

Life & Music & Trading

Prince, Tom Petty, Steve Winwood, Jeff Lynne and others -- "While My Gui...

today, one of the brothers is gone

for now, the path of least resistance is upward

you choose

Robert FREY - 180 years of Market Drawdowns

The implications of market moves are nothing I can control or worry about.

                                     I’m just here to try and profit form the changes in price.

The model suggests further downside into late 2016.

Simplicity is better than complexity when it comes to investing.

Over the last ten months, shareholders have lost 99% of their money as the stock has dropped from a June 2015 high of $31.56 to just under 25 cents per share.

Think before you speak or act. Lead by example. Trust but verify. Ask tough questions. Challenge conventional wisdom. Make mistakes. Admit to them. Forgive freely. Pursue truth. Be relentless. Persistence trumps talent. Never quit. Do the work. Keep the wonder.

Warren Buffett

trading into a triple bottom and 16-year trendline support, and now bouncing