Dow makes a new low today and I caught a nice short on the early rally. But the Nasdaq is not declining in synch – and this is what keeps me from being full-on bearish the Dow (yet). I still believe the nonsense around
Today is shaping up to be a pivotal day in many markets. As you know, I have been trading the T-Bonds (30-yr) avidly in recent weeks, having taken nice profits on the way down and then on the way up. But it appears we
The US government shut-down has triggered a knee-jerk flight out of the dollar and the euro has rallied to within pips of the 136 handle – and has traced out a very rare chart pattern – an expanding triangle: Usually, triangles are contracting, where
With just about everyone assuming the US government will be shutting down – and the Dow having declined 600 pips off the high in anticipation – I believe the stage is set for a big rally in a ‘sell the rumour, but the news’
That was a pretty ugly week for the Dow, but not for the Nasdaq, which maintains its bullish bias. This is a major divergence that I will be watching carefully. And the generally so-so economic US reports did not help sentiment. Yesterday, the U
Political gridlock in the US has been putting pressure on stocks. This weekend is crunch time for Debt Ceiling and Budget deals. Either one could go one way or the other. If we see a government shut-down, that would pressure Treasures (I have taken
The EUR/USD and GBP/USD are at critical points this morning. The looming US government shut-down over the annual debt ceiling horse trading, combined with the continued QE operations from the Fed have combined to convince many that the dollar is to be shorted. In
This is a share I have had my eye on for some time – in fact, I had an aborted trade about a month ago, as I believed I had found a top. But the market just kept going like the Duracell bunny. It
My Equinox Indicator seems to be working this time (see yesterday’s MoneyWeek Trader email). Naturally, this is not a trade timing tool, but it is remarkable how often at the equinox the market finds a top. The odds are high that we have seen
Welcome to my new site format! I am happy to say we are live in the new format and will have today’s MC up for you shortly in case you missed it. Hope you enjoy the new site!
