Mirza Baig / Profile

Since the beginning of January 2014 stocks have shown signs of institutional selling. This can be seen in the small capitalization stocks index the Russell 2000. This group of stocks generally leads the S&P 500. The chart posted below shows some of my analysis of the SP500 index...

• iPhone Killer: The Secret History of the Apple Watch (Wired) • Renegades of Junk: The Rise and Fall of the Drexel Empire (Bloomberg) • Wall Street Executives from the Financial Crisis of 2008: Where Are They Now...

By examining the daily chart of the GBPJPY pair, we easily can notice that the pair has moved aggressively downwards during the previous period after placing a short-term top in the 185.00 regions. The psychological areas of 185.00 intersect with 61.8% Fibonacci of the major decline from 189...

EURUSD correlation with both pairs USDCHF and NZDUSD is very strong. EURUSD holds positive correlation with NZDUSD in an hourly time frame ONLY while it establishes strong negative correlation with USDCHF pair both in an hourly and daily time frame...

JP Morgan's EUR/USD forecast profile is unchanged this month and continues to show a slower decline for the rest of the year, after an unprecedented -11% drop in Q1. JPM's Quarter-end targets are 1.07 in Q2, 1.06 in Q3 and 1.05 in Q4...

What is day trading the stock, futures, and forex markets for active traders and investors? Day traders buy and sell stocks throughout the day with the hopes of cashing in on small fluctuations in the price of highly liquid stocks or indexes...

EURUSD EUR/USD remains in consolidation mode below 1.1500 Declining volume during the recent rise suggests the advance is likely only corrective A lack of momentum in daily OBV also favors an eventual downside resolution A close above 1.1535 on above average volume will turn attention higher...

Dear Silicon Valley: Here’s your wake-up call (Business Insider) The active fund management model is not fit for purpose (FT) see also Why Active Management Fell Off a Cliff -- Perhaps Permanently (Reformed Broker) Forget the tech bubble...

RSI values of above 70 are considered to be overbought; traders consider points above the 70 level as market tops and good points for taking profits...

US DOLLAR TECHNICAL ANALYSIS Prices are struggling to find follow-through after falling as expected having formed a bearish Evening Star candle pattern. Near-term support is at 11740, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23...

Entries & Exits: Visits to 16 Trading Rooms by Alexander Elder Come behind closed doors and see real trades made by real traders. Dr. Alexander Elder leads you into 16 trading rooms where you meet traders who open up their diaries and show you their trades...

Although there has been much press recently about the US Dollar loosing its status, there is no doubt that as of this lesson and most likely for the foreseeable future, the US Dollar still reigns supreme over all other currencies of the world...

1. Don’t Fight the Tape That’s an old Wall Street saw you might have seen before. What does it mean? It simply means you need to go with the trend when investing and trading. If you “fight the tape,” it means you make boneheaded moves like investing in stocks that are in a downtrend...

Bear Trading by Daryl Guppy The first edition of this book was published during a raging bull run and still proved a sell-out success. The reason is simple -- the bears are always with us. Fat bears, slow bears and little bears are not the traders' enemy...

Trade Your Way to Financial Freedom by Van Tharp The bestselling holy grail of trading information-now brought completely up to date to give traders an edge in the marketplace “Sound trading advice and lots of ideas you can use to develop your own trading methodology...