Writer at The Technical Investor

Michael Gouvalaris is the author of The Trading Playbook: Two Rule Based Plans for Day Trading and Swing Trading. He is the author of the Technical Investor blog (formerly Mikes Trading Journal) which began in 2009 and has provided timely and accurate technical analysis of the markets and ... more


Market Update: Less Bad
In somewhat of a surprise, the market has recovered quite well from the March decline. The S&P 500 is now down only 0.20% for 2020, while small caps and international stocks are down 9%.
Let’s Get Realistic, Part 2
It appears the market is pulling forward next year's recovery into the current year. If that’s the case we’ll see crazy high forward PE ratios this year and hopefully grow into the valuation next year as the economy and earnings recover.
Let’s Get Realistic - Part 1
The market continues its attempt to rebound off the March lows while digesting some of the worst monthly data ever recorded. This week, we had small business confidence, CPI, and retail sales all come in below expectations.
Market Update: Self Inflicted Wounds
April data has come in showing the full magnitude of the self-inflicted wound. This is far from your typical recession. What’s become clear is the possibility of a “V-shaped recovery” seems unlikely.
Important Test Ahead?
The “corona crash” has pushed the Dow below the 200 week average for the first time in almost 10 years.
Market Update: Historic For All The Wrong Reasons
It’s been an historic month for all the wrong reasons. Economic activity all but grounded to a standstill due to the shutdowns and the markets succumbed to the unprecedented level of uncertainty in both economic damage and recovery time.


Latest Comments
Should Investors Be Cautious On Short Term Bonds?
4 years ago

Thanks for reading Alexa, I appreciate that.

In this article: UST
August Lows Could Be Revisited
4 years ago

Agreed. Good news is bad and bad news is good... It's really made the job more difficult.

Financial Markets Week In Review: September 14-18
4 years ago

Thanks for the kind words! Good points, It seems as if the Fed's new policy of additional transparency has only made uncertainty (and as a result, volatility) increase. Thanks for reading.

Tough Market...
5 years ago

True. Don't forget the inevitable rising Fed Funds Rate after 6 years at 0% as well.

In this article: DJI, SPX, TNX, AGG
Why Is There A Common Perception That The Stock Market Is Rigged?
5 years ago

Hi Terry. I was thinking more in terms of the macro picture but you make an excellent point. Individual stock manipulation or front-running is a problem. Thanks for reading.

In this article: SPY
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Work Experience

Investment Advisor Representative
James D. Maxon Financial Advisors LLC
2013 - Present (7 years 8 months)
Technical Analyst/Trader
Sole Proprietor
November 2007 - Present (12 years 11 months)
Series 63 and Series 65. Contributor for Investing.com Work has been featured by regular contributors to CNBC, Forbes, Business Insider and more... Some of my work: Technical analysis web site: mikestradingjournal.blogspot.com