This video explains the wash sale rule and how you can use it to your advantage when trading stocks.
This video explains the wash sale rule and how you can use it to your advantage when trading stocks.
Divergence is a concept where the indicator is heading in a different direction from the stock price. This one concept can dramatically change the way you trade. This video shows divergence on the DOW Jones Industrial Average using the MACD.
Now that the Dems are in office, I thought it would be a good time to look at the argument of raising the Minimum Wage to $15 per hour. President Biden has already authorized the pay raise to government workers, but would it be good for the country as a whole? The first question to […]
What if I told you that Tesla has the same market cap as Toyota which produces 8.8 million vehicles per year while Tesla only produces 350,000 vehicles per year? That would be an amazing difference in itself. There's more though... add to that Honda which produces 2 million vehicles and another million other products. Volkswagen, […]
Trump's new executive order is tying what Medicare pays for drugs to prices paid by other developed countries. I assume Trump is upset with Pfizer for waiting until after the election to announce that their vaccine was better than 90% effective. In true form, he lashes back at them by making them lower drug prices […]
At Norstar Trader, we have custom technical indicators to signal when to get back in the market. These indicators, as an integral part of our system, are right more times than they are wrong. Illustrated below is one of the indicators that we use as a first signal to tell us that the water is […]
As you can see from our last post, we were expecting a 'second wave' to the downside to coincide with the second wave of political mayhem. On October 19th, we told our subscribers to step aside once again as the market technicals broke down. Looking at the chart of the S&P 500, we see that […]
If you sit real quietly you can still hear the door closings of companies going out of business in America. Those businesses on the edge of shuttering and 30 million unemployed wait with much anticipation for another stimulus package. Add to that it is October, the most volatile stock market month of the year historically, […]
Jerome Powell of the Federal Reserve will do anything to keep this stock market up. After all, he does own 55 million dollars worth of assets. It is in his own best interests to keep the asset bubble inflated. So for those who own stocks, roughly 40% of the country, he is the right man […]
This is an update to the post made on Friday. To summarize, we said the 4 hour time frame has broken down and we stepped aside from trading the Indexes. After today's action, the daily chart has broken down below key levels, so it confirms. We will sit on the sidelines and wait this one […]
There is much talk in this business about the markets crashing. Do we take out money now or do we let it ride? What is interesting to me is the way the FAANG stocks alter the overall market. Facebook, Apple , Amazon, Netflix and Google have been controlling the direction of the market and lifting […]
The market is overextended, but that doesn't stop it from going up. The Fed keeps it propped up every time it begins to fall. The FAANG stocks are heavily weighted and are making it seem that everything is OK. We have 11% unemployment with poor people now living off the government and unemployment running out […]
First I would like to congratulate our team for some pretty amazing technical trading on the indexes. We told our subscribers to get out the indexes at the end of February and get back in at the end of March. Depending on the index that you participated in you would have captured so unbelievable gains. […]
When I went to business school about 30 years ago, one thing we learned as matriculating accounting students was something called the Lorenz Curve. In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth […]
I am not a Republican nor a Democrat. I don't agree with either party's actions or ideologies. It seems to me that both sides are not honest and are not public servants as a whole but rather selective in who they serve. It is quite obvious that the Democrats cater to the population that will […]
When I walk into the courthouse / public building in the area that I live there are three armed offices and metal detectors to make sure you are not coming in with a firearm. Over the years there have been attacks on the White House where mentally deranged or people with a strong agenda want […]
I get calls all day long asking where the markets are headed. Let's answer that question by doing some more Technical Analysis on the charts. Maybe we should be listening to the old axiom, "In May go away"...then again, maybe not. As you can see by the chart of the S&P 500 below, there are […]
Everyone knows by now that Warren Buffett sold out his positions in the airline stocks this past week. He is now sitting on 137 billion dollars in cash and has not made a significant purchase since 2016. If he is the grand daddy of all great investors why isn't he participating in this rally off […]
History does tend to repeat itself if left unchecked and that may be what is taking place as of this writing. In 1918, everyone was wearing masks if they went outdoors to protect themselves against the Spanish flu that killed nearly 700,000 Americans and 5 million worldwide. We have learned a lot since then about […]
I find it amusing, and somewhat disheartening, every time I hear the President talk about how wonderful the economy was before the Corona Crash. Never one to shy away from hyperbole, he has said things like “a perfect economy” or “best economy this country has ever seen”. This is a joke. The combination of Corporate […]
After evaluating the market this morning, we see buying volume drying up over the last few days. Buyers are not coming into this market, so we recommend stepping aside and waiting for lower prices. All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or […]
Hello, my name is Paul Prescott, President of The NorstarGroup and NorstarTrader.com. I would like to thank you for visiting our website. Allow me to take a minute here to help you understand what we do and why we do it. There is an old axiom that states, "You can't time the Market". I believe […]