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Weekly Wrap

December 7, 2013 // 0 Comments

  The non-farms are in for November and the unemployment rate is down to 7% from 7.2%.  Now everyone is proclaiming the end to QE – and the Fed will start tapering this month for sure.  That’s the line being handed out. If this is so, then why did the Dow rally almost 200 points yesterday and the Nasdaq make a new high?  As with all knee-jerk [...]

Yes, we are there!

December 4, 2013 // 0 Comments

  At major market tops, there is an explosion of opinions from pundits as to why stocks will keep going up.  It is one of my favourite indoor sports reading such drivel, although I try to limit it as my doctor has  advised me my ribs can take only so much tickling. There is so much uneducated rubbish out there – here is one gem I came across today: “As [...]

Are we there yet?

December 3, 2013 // 0 Comments

  The odds are stacking up now that I have found the top in US stocks, as per my Weekly Wrap analysis (and my MW Trader coverage of the FTSE).   The S&P reached a Fib target on Friday (w5 = 0.618 x w1-3) and yesterday, broke below my wedge (ascending triangle) line.  The Dow already has exceeded my 16,120 target and hit another one at 16,180 (within 4 pips). [...]

Weekly Wrap

November 30, 2013 // 0 Comments

  When I started trading, I did what virtually everyone else did in a roaring bull market.  I became even more bullish!  Wow!  If the market can get to 16,000 from 6,500 in only less than five years, who knows where it will be in the next five years?  Surely at this rate, it can reach a similar multiple to 40,000- maybe even higher.  After all, the economy is [...]

Dow reaches my 16,120 target

November 26, 2013 // 0 Comments

  The ‘surprise’ deal with Iran over its nuclear programme gave the markets a boost yesterday.  This was no surprise reaction.  But is that it?  Was that the final run on the upside, and have stock markets now become exhausted of buying power? The Iran deal has plenty of caveats and could unravel later, but to me this outbreak of pally-pally [...]
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