Stocks continued along their new-found volatile tracks last week with the Dow plunging to my target at 25,200 on Monday and then recovering swiftly to a high of 25,960 on Thursday – another target I set beforehand. But if...
Well, at least the moon. At major stock market tops when optimism for the future knows no bounds – as exists today, we see major projects that are shooting skywards – literally. Not only are we seeing huge skyscrapers...
In my previous blog, this is what I wrote: “I see that Buffett has for the very first timebought Amazon shares.He had previously ignored this company as they were in a shunned tech sector. He was famous for sitting...
I have just posted a new video on crude oil and how I am going about analysing the bear market rally that has been in force since December. But first, here is the very long term monthly chart giving...
As you know, I scan the MSM for some telling headlines. Occasionally, I come across a glaring example that highlights what the herd are thinking. There is a well-known ‘Magazine Cover Indicator’ that has often spelled the end of...
It is extremely rare for a market analyst to admit his/her mistakes. But hats off to Questor in the Telegraph who comes clean on his spectacularly wrong recommendation to buy Indivior, the UK drug company that markets its opiod...
I believe most of us who follow these things consider the ‘official’ economic data issued by the Chinese authorities as pure fiction- and the latest round this week is no exception. At one time a GDP growth of less...
In a reverse of Alice in Wonderland’s fall down the rabbit hole (read the book again or see the Dsiney film – they’re great!), Disney shares rocketed yesterday with the news of its new streaming service with rival Netflix...
OK, so what is a mania? According to the dictionary, it is: mental illness marked by periods of great excitement or euphoria, delusions, and overactivity. Does this describe what is happening in many markets today? It does to me,...
I really am unable to understand the mindset of conventional pundits/analysts who proclaim that ‘good’ news results in a positive mood towards stocks and when a torrent of bad news erupts, as it did last week, that should produce...
This morning, traders were awoken to the sight of Bitcoin smashing through piles of buy stops to reach my first major target at $5,000 with a $1,000 surge in just a few hours. Yes, that’s right – I have...
As long term readers will know, I use MSM articles and especially headlines not to glean some pearls of wisdom, but to run the thermometer over their general tone. If a large majority are bullish, I take note –...