What matters in trading is not the ability to understand yourself, but the ability to understand the market.

The stock market indices ended the week on a positive note, and set new 2011 highs and 2-year highs on the Dow, the S&P 500, and the Nasdaq 100, but technicals were flat to negative for the most part and are signaling that the indices are getting long in the tooth and tired here.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF February 4.

Capitalism is a process of creative destruction. New wealth is created. Old wealth is destroyed. Unless the feds can make time stop, these great successes of today will be the great failures of tomorrow.

The Bull Trap high established on Monday was the oil market's way of winking at us about a potentially friendly resolution.

Dave Landry takes a one-minute look at the stock market in his video for February 4.

For the past three days the broad market has been consolidating in a tight trading range near the 52-week highs. Nightly research showed long entries to be abundant. The market appears primed for another advance.

The daily chart showing the yield on the US 10-year note shows that traders have brought the current yield exactly up to a potential breakout level which could be triggered in today’s trading.

The stock market indices rallied back from early losses and closed not far off the session highs, and not far off the 2 1/2 year highs on the S&P 500.

Gold is what you buy when you fear the authorities are up to no good. But so far, very few people own gold.