I really am unable to understand the mindset of conventional pundits/analysts who proclaim that ‘good’ news results in a positive mood towards stocks and when a torrent of bad news erupts, as it did last week, that should produce a negative mood which pushes shares
Hands up all those who are sick and tired of Brexit? I thought so. If you noticed, I rarely mention it in my market coverage – unlike the vast majority of financial pundits who believe it is the main driver of many financial markets at
Last time, I told how I managed to nail a Dow high on Monday 4 March around the 26,000 region but was not sure if this was the start of the long-anticipated wave 3 down. Recall there was a large non-confirmation in the two senior
Long time readers know that I place great store in measures of sentiment both in each specific market and in the wider economy. That is simply because it is the waves of sentiment that drive the financial markets according to the Elliott Wave model. While
Most pundits I read claim that the value of sterling has been in a period of ‘uncertainty’ since the ‘surprise’ Brexit vote of 23 June 2016. Usually, when I read the word ‘uncertainty’ in a MSM piece, I translate that as ‘down’, but I am
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
Monday 18 December correction: I have incorrect labels in the second chart of the 2-hr S&P and this is the correct labeling Wave 4 is Friday’s a-b-c decline and wave 5 is the current wave. This is the bearish option that would apply if the
Yesterday’s volatile stock market action was telling. For the first time in weeks, the Dow suffered a significant fall – but then recovered. The VIX Volatility Index was likewise volatile (sharp up and then sharp down) The news items that emerged were that a former
Apologies to Rogers and Hammerstein, but today, I thought I would review some of the bubbles in various markets – many of which appear to be bustin’. It appears last week may well go down in the annals of market lore that marks secular highs
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
dAs you know, my view is that 99.999% of traders/gurus/pundits have the cart before the horse in how they believe the financial markets function. They believe that when a bullish or bearish piece of news hits the markets, they must react accordingly. But as we
Amazon is a rocket of a stock with seemingly plenty of fuel left. While traditional stock watchers hardly believe their eyes with the off-the-scale valuation investors/gamblers are putting on this share. the price just keeps on going just like the Voyager 1 probe that became the
