Entries by Peter Brandt

Flags flying at half-mast – a sign of death!

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 Risk On – Numerous charts show signs of a pending decline  In the markets, as in real life, flags flying at half mast symbolize death. A number of half-mast flags and pennants in the raw material markets indicate that the steep decline in early May was just Act 1 in a two-act play. The flags […]

It’s 1…2…3 strikes you’re out!

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The S&Ps have a possible top When it comes to classical charting, it is always best when a multiplicity of developments occur. Such is the case in the S&P right now. There are three (if not four) chart developments that could support an important change in trend. FIrst, the late April breakout from the 9-week […]

What Now, Silver Cow?

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Just for fun, yesterday I did a snarky post on a very short-term “pie-in-the-sky” forecast for Silver. I called for the bounce to stop between 39 and 42 (actual high was 39.47) followed by a decline to below 33, then a rally to 42. The lines on the chart below were drawn yesterday morning. So […]

Silver – What’s next short term?

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Most chart patterns fail and then morph into larger patterns in a process I call “redefinition.” This is especially true of intraday charts. They are extremely unreliable. With this in mind, here is my best guess on the short-term chart structure of Silver. On the daily chart, a major top is in place. I keep hearing […]

Silver — history repeating itself

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Three reasons why Silver might be close to a temporary bottom (within a larger bear market). There will be support at the trendline from August and January lows. Today could end up as a reversal day. Small investor may be washed out — this is needed for a rally to occur. SLV had record volume […]

“Cops raid the brothel” — part 2

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I left out an important part of history in yesterday’s post on Silver…that is, the origination of the phrase: “When the cops raid the brothel, everyone is arrested, including the piano player.” I first heard this phrase at the CBOT in early 1980 in direct reference to the Silver market collapse. On the chart below […]

So you want to be a money manager?

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There are a lot of you out there on StockTwits. I get more questions via email from traders like you about the managed futures/forex world than about any other subject. It seems that a lot of you aspire to manage money in stocks, futures or forex. While I mostly have been a proprietary trader through […]