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


Household Net Worth
The Household Net worth results came in yesterday at a record of $118.96 trillion, mainly due to increases in home prices and the bounce back in stocks.
Earnings Update
Forwards earnings estimates for all S&P 500 companies combined have increased 11 of the last 12 weeks. Bottoming out the week of June 26th at $127.98, and increasing about 14.5% to $146.43 as of 9-18.
Leading Economic Index (LEI)
The index increased 1.2% for the month of August, which makes 4 straight months of increases.
Some Thoughts Post Fed Meeting
Yesterday the Federal Reserve reiterated its stance they would do anything within their power to support the recovery. Their “dot-plot” shows the Fed Funds rate projections staying near 0% through 2023.
Weekly Unemployment And Continued Claims
Weekly jobless claims ticked down to 860K, which was below last week's reading of 884K but missed expectations of 825K.
Retail Sales And Last Week's Econ Data Points
Core retail sales increased 0.7% month over month, missing expectations of an increase of 1.0%.


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
5 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
5 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, 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 10 months)
Technical Analyst/Trader
Sole Proprietor
November 2007 - Present (13 years 1 month)
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