Overhanging supply and the news

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 12-09-11 No one can dispute that the financial problems plaguing the European Community are not having an impact on the American stock market. It has become a major topic of discussion among investors and traders. Each morning, everyone checks the S&P futures before having their first cup of coffee. However, Wyckoff traders are taught to ignore the news. They know that news doesn’t change the market’s real destination, it …

News and the Stock Market

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 11-11-11 This Tuesday, the stock market opened higher, and then reacted. In the afternoon, it rallied strongly and closed near the day’s high. The “expert news analysts” attributed the rally to the news that Italian Prime Minister Silvio Berlusconi would be resigning and that this was positive news for the pending Italian financial crisis. The following morning, the market had a huge gap opening to the down side. It …

Does News Matter?

Jim OBrien Week In Review 0 Comments

Click Here For Wyckoff Wave Chart 08-19-11 The stock market, as represented by the Wyckoff Wave, experienced one of its most volatile two weeks since the last bear market. While Wyckoff traders are taught to basically ignore news, the fear investors saw in the United States debt ceiling crisis and European banking issues certainly changed the speed in volatility of the United States stock markets. As Mr. Robert Evans often said; “News does not change …