Make no mistake, this has been a very important week technically speaking. More and more signs are aligning with my view that we are at or very close to major stops in several (unrelated) markets – including stock indexes. ...
I started to have ideas that consumer price inflation – suddenly a very hot topic – would likely start to ramp up last Spring/Summer when the US grains (Wheat, Corn, Soybeans) were plumbing new lows and on the verge...
I confess I am old enough to remember this 1963 film of zany car chases – and I am dedicating the title to the past. year, 2020. So will 2021 be any less crazy? So where to start listing...
In the Thanksgiving-shortened week, stock indexes remained up against their highs. For a long time, these markets have ignored the pandemic even as it is hitting the USA very hard with rising cases and death rates – and the...
Are we really approaching Armageddon? The climate alarmists and politicians think so – but only in 20 – 30 years (or 12 months, according to Prince Charles). But there are others in the financial community that believe the coronavirus...
So far, the effects of the coronavirus on financial markets has been muted. So has the almighty Fed and the Chinese Central Bank won that battle? Are shares really headed for the moon? US investors in their droves think...
I will be away next week and so this will be a brief post during this ‘quiet’ Thanksgiving week. I expect much more life next week. The grind higher in shares has been wearying, has it not? This year,...
Like most traders, I have been following the progress of the incredible market-leading Apple shares as they have steadily climbed into the stratosphere in recent weeks to Tuesday’s ATH at $268.50. But can they keep advancing even higher and...
Sometimes, it is the lower odds option that wins out in the markets. 100-1 long shots do win horse races. But as Damon Runyon put it: The race may not always be to the swift nor the victory to...
Next week should be interesting. First, the Fed reports on Wednesday. Second, Brexit happens on Thursday the 31st (Halloween). Warning – only one of these statements is true! Stocks continue to levitate, despite all of the less than impressive...
Stocks held up in the early part of the week but I suspected it was just a ‘dead cat bounce’ and wrote this in my Thursday Trade Alert to VIP Traders Club members: ” Another pretty quiet day in...
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...