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


Consumer Confidence, Gold, & Dow 30K
Consumer Confidence for October came in below expectations at 96.1. This is down -4.8% from the prior month and down -23.4% year over year.
S&P 500 Earnings & Market Update
The forward looking earnings per share for all S&P 500 companies combined ticked down from $159.92 to $159.89 last week.
US Dollar And Gold Update: Is The Fed’s Monetary Policy Devaluing The Currency?
Dollar weakness in the short term looks like we may get a push back down to $91, and if that fails, back down in the range of $88.70 – $89.56.
Retail Sales & Nvidia (NVDA) Earnings
Retail sales for October came in at a gain of 0.3% over the prior month. The street was expecting a gain of 0.5%.
S&P 500 Earnings Update
The combined earnings per share for all S&P 500 companies ticked up again last week, from $159.47 to $159.92.
EC Inflation, Employment & Interest Rates
Rising cases puts the threat of disruption at the fore. I don’t foresee this as being enough to push the economy into a double-dip recession, but there is much outside anyone’s control.


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 (8 years)
Technical Analyst/Trader
Sole Proprietor
November 2007 - Present (13 years 3 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