US short term interest rates are still rising fast. Last year, I noted this process was starting and suggested that the soaring stock market would one day soon take note. And on January 29, the Dow and S&P finally got the message. Better late than
Tag: dollar index
There is one Golden Rule in trading I observe and that is: Always Expect the Unexpected. Although I have been bearish stocks since the January high, last week’s events gave me pause for the immediate downturn. Not only did North Korea appear to cosy up
I confess I am sick and tired of an all too common complaint out there in Punditland. I’m sure you too have been subjected to this pathetic admission – here is an example I came across today: Although I have been investing in precious metals
Regular readers will know I have been not so patiently waiting for this. It is a common observation that currency markets often extend trends far longer than you think possible. In Elliott wave terms, we see many extended fifth waves and these are often the
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
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,
The mania driving stocks is historic – the result of a QE-driven rush of funny money into the hands of money managers who saw the Fed offered them a free put option on share purchases. The only way for shares was up (but only for
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
Yes, not a single mention of BTC here (but I am alluding to my main trading crypto – Ether). Mind you, I must be one of the few not to bring up the dreaded Bitcoin word. In a recent seekingalpha.com email, I counted six of
I ask that question rhetorically because I have asked it several times this year – and the answer was always ‘no’. A few weeks ago, I noted a rush of MSM articles that proclaimed the end was nigh – and I took that as a
I rarely read about someone in the MSM who embraces the notion that we humans do not base our decisions on rationality, but on emotion. Of course, this destroys in one fell swoop the basis on which economic theory as taught in universities! The latter
Tomorrow sees the UK elections and the ECB announcement on what they intend to do (or not do) with their massive bond buying scheme. Just another day at the office? I don’t think so. The potential is very high for seeing some massive swings in
