Everyone wants winning trades -- and the best chance of getting them is when the forces in favor of the trade converge. Identifying these convergences is where Mike Paulenoff is best! Combining macro and technical analysis, Mike will put out a trade only when the macro environment is as attractive as the chart.
For example, he recently traded Guggenheim Solar ETF (TAN) to capitalize on the solar energy sector's “perfect storm”: Backing by, and tax credits from, the Obama Administration, solar panel price compression, rising fossil fuel and electricity costs, and constant geopolitical threats to global energy output.Read More
MPTrader features Mike Paulenoff's real-time index & sector analysis (eMini S&P, gold/oil, euro/$ and more) plus trade alerts on stocks and ETFs that can benefit from these sector trends. Mike is a 30-plus year Wall Street veteran, previously at Smith Barney, Harris Upham, Drexel Burnham Lambert, and Republic National Bank. Co-author of The Business-One Irwin Guide to the Futures Markets (with Stanley Kroll), he publishes widely on sites such as MarketWatch, WSJ Online, and Minyanville, where he is a contributing “professor.”Read More
Patience certainly has been a virtue in CurrencyShares Japanese Yen ETF (FXY), but alas, the last few sessions of straight-up price action appears to be the upside breakout from an 18-month bottom formation that has unleashed significant upside potential for the YEN, that projects to 85 and then possibly to 88.
Let's notice that the 50-Day EMA has crossed above the 200-Day EMA-- for the first time since Oct 2012!
If FXY (YEN vs.Read More