Are extremely overbought conditions good or bad?

Over the past 3 weeks the market has rallied unabated. The Russell 2000 (small caps) has rallied so much that the 5-day Relative Strength Index (RSI5) has reached over 95 and closed today at 97; that’s serious market strength! See chart below. We went back 20 years in time to see when such extreme readings…

The road to successful, low stress trading.

First we need to acknowledge that everybody is different and everybody will have a different trading style and different time frames in mind. Some only trade options, others only commodities, whereas you may prefer tech stocks. Bottom line is; as long as you are successful, i.e. make consistent profits, it doesn’t matter what and how…

Celebrating our 100th Member: you!?

Intelligent Investing has now 99 members and continues to grow. We would like to get to 100 members and of course many more. Will that 100th member be you!? We therefore have a special 100th member offer: First month for 100 cents only. 1 month trial for $1.00* What do you get when you become a member!?…

Markets’ Long Term Uptrend Remains Intact

Trendlines are very important in the stock market. Price more often than not adherse strongly to them, and that means price just doesn’t bottom or peak randomly as it may seem to the untrained eye. If you know the trendlines then your trading and investing will improve dramatically: the trend (line) is your friend. Here…

Can we expect a market turnaround November 9, 10?

With the U.S. Presidential Elections this Tuesday November 8, and all the news lately stating the market is declining because of its uncertain outcome, it would seem logical to think that we can expect a market turnaround after the elections -November 9, 10- depending on who wins the electoral vote. But, what if we already…

Goldminers ready for another leg down?

Are the goldminers (GDX) ready for another leg down? The daily candlestick chart below is rather busy, so let us explain what we can objectively analyse step by step . From the low made in February to the high made in August we label that advance as 3-waves: red abc to black a. Since then, price…