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Is this plunge worth buying?

October 13, 2018 // 0 Comments

Now that the Dow has plunged by 2,000 pips in a matter of eight trading days and has met a major trendline (as has the Nasdaq), it has entered a very tricky phase (for short term traders, that is). There is little doubt that the army of Dip Buyers has not changed their spots and will be out there doggedly blindly buying the dips. In fact, they must be overjoyed to see [...]

The Hunt for Red October is over

October 10, 2018 // 0 Comments

That 1990 cold war era film starring Sean Connery was about a chase of Red October, a Soviet submarine. And how apropos to today’s cyber (and chemical) warfare with the same Russians (but under a different name)! History doesn’t repeat exactly, but it comes darn close! Yes, it’s all red on my screen in this month of October! No need to hunt for [...]

My S&P lines in the sand are now broken. The bear takes over.

October 6, 2018 // 0 Comments

Last time, I outlined the price levels in the S&P (and hence in the more popular Dow) which defined the limits I placed to determine the start of a new trend. And in fact, these levels have been remarkably accurate and useful in setting trades. If you knew nothing else about the stock market, any one could have used these levels as trade entries. That was a [...]

My lines in the S&P sand

September 30, 2018 // 0 Comments

By now, the whole world is aware of the ten-year anniversary of the last financial crisis that most investors have forgotten already. And just to remind us, that most mainstream medium – the BBC – are trailing a major radio series on the whys and wherefores of the Lehman bankruptcy and its aftermath. And they pose the question: What will it take to [...]

It’s the Autumn Equinox – all change?

September 22, 2018 // 0 Comments

My new Prime Minister Indicator introduced last week has been working a treat. To recap, the ex-PM Gordon Brown recently urged us to prepare for Armageddon in the global economy and with it, the collapse in asset prices. We rarely hear anything of interest from this person, so any pubic utterance is note-worthy from a sociology perspective. His timing was impeccable [...]

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