Ed Ponsi is the managing director of Barchetta Capital Management, an NFA-registered commodity trading advisory, and is also the president of FXEducator. An experienced professional trader, Ponsi has advised a variety of hedge funds and institutional traders. Ponsi has appeared on CNBC more than 50 times and has been profiled in magazines such as "Technical Analysis of Stocks and Commodities" and "The Traders Journal." He is the author of Selling America Short: The New World Order vs. the American Middle Class, released in Novermber 2011; Forex Patterns and Probabilities, a top-selling book on currency trading that has been translated for release in China; and The Ed Ponsi Forex Playbook, which was endorsed by Steve Hanke, professor of applied economics at The Johns Hopkins University.
Recent Articles By The Author
S&P 500 Is Preparing to Tackle Its Next Major Resistance
The market stands at a crossroads as it approaches its 50-day moving average. I am buying some protection, here.
Comparing Nike and Foot Locker
Let's check the charts to see which of these stocks should be in your portfolio.
There's Still Room for Stocks to Rise Before the Market's Next Hurdle
Using a classic ABCD technical pattern as a guide, it appears there is upside potential for the market before it encounters resistance that could stall this nascent rally.
Apple Is a Symptom of a Bigger Problem
Don't be surprised if we see similar issues with other U.S. companies that do significant business in China.