Tag: Double Top

Stocks indexes are at major crossroads

Stocks indexes are at major crossroads

US Crude oil is in the process of correcting the huge surge to my main target to the $128 high a month ago.  Latest quote is $96 – a decline of $32 (25%). Of course, the price could rally back from around here – or it could correct further as some traders expect a price-induced increase in supplies to the spot market.

The Bond Bubble is still bursting

The Bond Bubble is still bursting

The benchmark US 30-yr Treasury yield reached its historic low just above 1% in March 2020.  What a time to short them! Back then, stocks were finishing up their Corona Crash and the Fed was assumed to be pulling out all the stops to keep rates ‘lower for longer’. There was even talk about the Treasuries going negative as so many European sovereigns were.

Shares are on a cliff edge

Shares are on a cliff edge

Exciting, isn’t it?  Blink and you miss a 200-pip swing in the Dow! Yesterday’s action was particularly vigorous following Thursday’s strong relief rally with heavy and persistent selling.  The whipsaws are huge – and the potential for being on the wrong side of them is

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