An interesting factoid – posted to VIP Traders Club members yesterday – at the end of Q1 2023 yesterday, the Dow was trading around 32,900. At the end of Q4 last year on December 31, it was trading at – wait for it – 32,900!
Banking crisis? – What banking crisis? So sayeth the ever-optimistic tech investors as they drive a wide wedge between the two most polarised sectors – Banking and Big Tech. While the likes of Deutsche Bank (see my recent coverage here) plummet to new lows, the
Study any price chart and you will immediately notice that most of the time, markets swing from one high and then down to a low and then up to another high and then down to another low and so on in a series of swings. Much less frequently, they strongly trend in one direction in what appears as almost a straight line. Swing traders rely on these market swings to take advance of them, predicting the swings and using them as strong entry and exit points to reach their profit target.
That was certainly one of the most eventful weeks for a while. The Fed tied itself in knots hiking rates (and promising to do more of what it takes to cool the hot inflation) and at the same time expanding Q£ by trillions to save
With Thursday’s revelation that a major US Venture Capital (VC) bank has gone bust and another California retail bank is in difficulties, the trigger was pulled for the start of the Great Wipe-Out. Suddenly, the eyes of investors swivelled round from staring at next week’s
Back in the 1920s and 1930s when technical analysis was in its infancy, most pro traders located in or near the stock exchanges and plotted their charts using point and figure, not the usual bar charts we use today. But one man in the 1930s,
It never fails, does it? Just when traders started taking the scales away from their eyes and went full-on hawkish interest rates as urged by the Fed, stocks started to recover. The latest hawkish comments from a Feb member onWednesday finally convinced them the Fed
So, how high will US rates go before the Fed starts cutting them? That’s the big question on the minds of pro investors/traders. To guestimate their projections they pore over every detail of the stream of US economic news for the best trading strategy. And
As I noted to my VIP Traders Club members, on the recent data dump days, the Dow swung violently by around 600 pts up and then down and then up first on the FOMC of 1 February and then again on the US CPI of
The latest US macro data prints are swinging stock indexes around like they are on rubber bands. Last week we had the FOMC with 600 pip Dow down/up swings that day. Then a few days later, Mr Powell gave a speech where he basically made
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The much-anticipated FOMC statement on Wednesday’s small 25 bps hike was greeted with open arms by the bulls, who already had pushed the FANG Gang up last month by an astonishing 40%+. Of course, Big Tech had been clobbered most of last year by rising
