Entries by Peter Brandt

2016 Update – U.S. health care: Highest in the world in cost, 37th in performance. This system has already been declared guilty.

/by

Trading and the U.S. healthcare system — these are the two issues for which I am most passionate about. Trading — because it is how I made and continue to make my living. The healthcare system — because of a major accident I had in 1984, this has made the cost and delivery of healthcare a focus of my life….This blog was originally posted on March 12, 2012 during the height of the U.S. national debate over healthcare reform and Obamacare….

Something To Watch – Crude Oil — Developing Trade

/by

Crude Oil -- Developing Trade

The weekly continuation graph (Crude Oil) continues to form a possible 14-month inverted H&S bottom pattern and is flagged as a Developing Trade possibility.  Notice that the right shoulder has taken the form of a possible symmetrical triangle on both the continuation and Dec contract charts. A close by the Dec contract above 49.00 would represent a buy signal, although diagonal patterns (symmetrical triangles included) lack reliability. Factor is flat.

 

A bearish technical case for Gold

/by

Remember three things as you read this:

  • An opinion is not a position and a position is not necessary an opinion
  • I deal in possibilities, not probabilities and certainly not certainties
  • A chart pattern does not become a pattern until it is completed -- and even then it may fail

Summary

A bearish chart case can be made for Gold based on five factors.

Read More

Trading Psychology – The Human Side of Trading

/by

Overcoming self and mastering Trading Psychology is an individual struggle – this is why consistent long-term traders have developed a tremendous and unbiased awareness of self. When I came into the trading business in the mid-1970s there was a saying around the Chicago Board of Trade that went something like this … “If you want to know yourself – all your insecurities, character faults, issues of pride, areas of greed or selfishness, unresolved traits, etc. – just become a trader. How true! Self-awareness and managing the Human Side of Trading is a hallmark of every great trader I have known over the years.