Market Commentary With stocks at all-time highs, Yellen had little choice but to spout waffle – which she duly did on Wednesday – so as not to induce another tantrum on Wall Street. But that didn’t stop markets going haywire on her speech. Virtually
Tag: alcoa
ANNOUNCEMENTS I will be holding an intensive 2-hour trading workshop at the London Money Show on Saturday 8 November. Full details here. In one or two weeks, I shall be changing the format of my blog and introducing an exciting new service in conjunction
A heads -up that I will be giving an intensive two-hour trading masterclass at the London Money Show on Saturday 8 November. I will post details, which will entitle you to a hefty discount, in the next few days. Stock markets are falling
My publishers have generously allowed readers of my blog to buy my book for a special introductory price of £15.00 + p&p (for the paperback) or £12.50 (for the ebook). Please enter code TTPB2014 for the paperback or TTEB2014 for the ebook. The correct price will be adjusted
My publishers have generously allowed readers of my blog to buy my book for a special introductory price of £15.00 + p&p (for the paperback) or £12.50 (for the ebook). Please enter code TTPB2014 for the paperback or TTEB2014 for the ebook. The correct price will be adjusted
My book Tramline Trading is available at a great discount from my publishers here. It is available in both paperback and ebook formats. If you are in any doubt that a gigantic bullish mania has swept US stock markets, just compare the market’s
We have all heard of Teflon politicians where negative press just runs off them leaving them unscathed. Well, the US stock markets surely qualify as Teflon markets. Last week the revised GDP figure came in at a negative 1%. But that was OK –
My only stock selection for 2014 is Alcoa, as you already know. I have charted the wonderful upside break of the multi-year wedge (descending triangle) over the past several months. Today, Alcoa kicked off the Q1 earnings season as usual and the stock
OK – here’s a riddle for you. When is a bubble not a bubble? Hint: Here is are some actual bubbles: And here is a bigger bubble – a barrage balloon from WWII The thing about bubbles is that they can
In this final week of 2013 it is a time both for reflection and of anticipation. First, the reflection. What were my successes and my failures? I managed to catch the immense bull market in USD/JY – my Trade for 2012 and 2013 –
China is the pin that has popped the Bitbubble. It is trading just over $500 which is a Fibonacci 62% decline off the $1250 top made 29 November. As I wrote in my last WR, it is pure speculation that has driven both Bitcoins and
Another week, another weekly stock market gain. Ho hum. Just about everybody is on board with Investors Intelligence (professional advisors) sentiment reading at a bullish extreme where previous tops were made (at least since the 1987 crash). The VIX is approaching 12 which is
