Stocks staged a tremendous snap-back rally in the last few hours of trading yesterday – a feat I have observed many times in similar circumstances as many traders take off early for the weekend. This traps many on the wrong side (and then worry how
Tag: crude oil
It must be great to be at the annual shindig at Davos every winter, mixing with the bigwigs of global finance and politics and receiving all their pearls of wisdom. Or not. Since I am rarely invited, I have the luxury of noting the prevailing
Yes, and one day the exuberant stock market will take note. Here is my updated chart of the 3-mo T-Bill yield Remember, this is a market-driven rate (as opposed to the Fed-imposed Fed Funds rate – the only rate they really can control, and they
Stocks continue screaming higher with 200 pip daily Dow gains almost commonplace. Even momentary small dips of 50 – 100 pips are rarities. My question: How much longer can this last? I confess the rallies have carried far further than I expected a year ago,
Who remembers the 1980s British TV series Tales of the Unexpected? They were stories with an unexpected twist at the end – and the stock market story of 2017 could well have been one of them! This Year of the Unexpected finished with shares coming
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
Many small investors believe professional money managers are like gods. In a hot streak, they can create profits seemingly out of thin air. After all, they have access to some of the best brains and research in the world. But of course, all they are
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
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
When stocks make major highs, they do not all do it lockstep. And I believe a major high is upon us. But isn’t it curious that sentiment between the professional money managers and the public appears to be poles apart? Not when you accept that
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
With markets seemingly on tenterhooks waiting for the results of the French elections tomorrow, I thought I would show you my analysis of my trading in the crude oil market, which is a market of interest to most traders and many others. Incidentally, although we
