So far for the week—first two days—we're up 0.8 percent, $26 an ounce. What I'm encouraged by is the market hasn't even tried to challenge the 18-week average of closes, sort of drifting by it. When we take a look at the action here, the market's defined what it is. You have your high of a trading range, and the low. And the market, when it came down and the spin back up, broke the swing line, which had lower highs, lower lows, and it changed it to a higher high and lower low. A big nothing. Where's the market been fighting a battle? The 18-day average of closes.
Momentum, back up on this slow stochastic. Bias up as the market's over the bear.
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LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
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Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.