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North Korea – the euro’s best friend?

August 29, 2017 // 1 Comment

ANNOUNCEMENT I am now offering a 14-day Free Trial to my VIP Traders Club throughout the year.  Sample a membership for free and see for yourself if it fits in with your trading style and profit goals.  Details here.   Yet another North Korean missile is fired eastwards – and this time, stocks headed south initially.  But it is the reaction of the dollar I [...]

Has Tesla run out of gas?

August 19, 2017 // 0 Comments

You could feel it coming couldn’t you – the 300 pip wake-up call in the Dow on Thursday that rocketed VIX by 50%.  I asked VIP Traders Club members if the dip buyers will still be out in force as they have been for many months.  One day they will have their heads handed to them, and I wondered if on Thursday they were finally catching a falling knife. The [...]

We are there – kinda

August 12, 2017 // 1 Comment

I have been asking Are We There Yet? recently.  On Tuesday as the Dow and S&P were making new all-time highs, stocks sold off later in the day and closed sharply lower.  That was the signal I was waiting for.  But for confirmation of a change in trend, I needed to see a small scale five waves down. And I was not to be disappointed.  Here is the 15-min Dow chart I [...]

Has the dollar turned at last?

August 5, 2017 // 0 Comments

Almost everyone hates the dollar.  How do I know?  The latest Daily Sentiment Index (DSI) plumbed a six year low last week at only 8% bulls.  This index is a poll of professional US money managers – and back in December, when the Dollar Index was riding high at the 103.50 high, DSI bulls reached 85%.  Today it trades at the 92 handle – a fall of over 10%. [...]

Trading from the trenches

August 3, 2017 // 0 Comments

There are very few (if any) writers out there that cover any aspect of the practical tactics of trading.  That is because most are not real traders who are in the front line trenches day in, day out.  Yours truly must be one of the few that is happy to pass on my experience as a full-time trader. And that simile is most appropriate with the 100th anniversary this week [...]
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