Dear Trading Diary: Last week I was stopped out of some positions at Break Even on major pullbacks and my long currency trades gained. And my uranium shares have advanced by over 875% from the 2020 lows, putting Nvidia in the shade. Guess who is
Author: John Burford
When in a hole, the wisest way to get out of it is first to stop digging. This is oft-quoted but like all aphorisms, there is another popular one to counter it – When at first you don’t succeed, try, try again. Isn’t life complicated?
The sudden explosion of student demonstrations on US campuses to this old hand looks like 1968 history, while not exactly repeating, it is certainly rhyming. Back then, it was the Vietnam War that was the centrepiece of the unrest. Today, it is the Israel/Gaza War.
Last week we saw one of the largest losses in Big Tech shares for a very long time capped by Friday’s plunge. I have been forewarning of this and should come as little surprise to Tramline Traders! Last week I pointed out the annualised gain
At certain points in the progress of the financial markets we can get a light switch moment from an unlikely source that is off the radar for most. I am always looking for trend changes as a natural contrarian and I had a glimmer of
The Soybean market rarely hits the headlines as often as Nvidia (to put it mildly), but savvy investors always take note of promising setups in all large and liquid markets, especially when the upside potential appears so attractive. Yes, I know it can be hard
The much-watched US personal Consumption Expenditure data for January was released on Thursday. While the headline rate was about in line, under the hood/bonnet there are signs some critical prices are not falling at all. For instance, services inflation is actually rising while goods prices
What a fascinating (and landmark) week – especially for fans of conventional market analysis. Both the dollar and the T-Bonds made extremes (that may or may not last). but the major event was in US/UK stock indexes that swooned sharply.
Are you still unconvinced to trade Wheat (and also Corn and Soybeans) following my extensive coverage? Yes, there are so many other markets where most traders gravitate to from stock indexes to individual shares to gold and so on. We all have biases that favour particular markets. With my early exposure to trading the US grains futures markets when living in Washington D.C. I have always had an interest in them even in the years of over-supply when prices were low.
US Crude oil is in the process of correcting the huge surge to my main target to the $128 high a month ago. Latest quote is $96 – a decline of $32 (25%). Of course, the price could rally back from around here – or it could correct further as some traders expect a price-induced increase in supplies to the spot market.
The benchmark US 30-yr Treasury yield reached its historic low just above 1% in March 2020. What a time to short them! Back then, stocks were finishing up their Corona Crash and the Fed was assumed to be pulling out all the stops to keep rates ‘lower for longer’. There was even talk about the Treasuries going negative as so many European sovereigns were.
How important is accurate timing in your trades/investments? Many analysts can point to the correct overall direction of travel, but how many have you found that can consistently offer precise entries where the trade is in profit right from the off? Or even offer precise exit strategies?