Dear Trading Diary: I had another very decent week – until Friday, that is. Huge reversals in Gold and the dollar took me out of promising positions at my trailing stops for profits diminished by the sharp reversals. But hey – making any profit is
Tag: dow
When in a hole, the wisest way to get out of it is first to stop digging. This is oft-quoted but like all aphorisms, there is another popular one to counter it – When at first you don’t succeed, try, try again. Isn’t life complicated?
Last week’s Where is the Wall of Worry? blog pointed to the extreme bullish investor positioning in US stocks inspired by their expectation for a rapid Fed pivot next year. And to top it off in the final week, they abandoned all restraint and piled
With last weekend’s ‘surprise’ Hamas attack on Israel, it exposed a massive crack in the Middle East powder keg security that had kept the lid on wars there in recent months. With the wholesale ground invasion of Gaza imminent with even more innocent Palestinians to
As I noted to my VIP Traders Club members, on the recent data dump days, the Dow swung violently by around 600 pts up and then down and then up first on the FOMC of 1 February and then again on the US CPI of
I have been laying out my case for an imminent reversal in the stock averages in recent issues. Last week’s title was an ironic Up, Up and Away?. Seems my hot air balloon has run out of propane! And once again the timing was spot
Since the mid-October lows in the indexes, stocks have rallied sharply on bullish expectations for 2023. These have been based partly on what the Fed may do to temper their rate hikes on the back of falling inflation. This new-found optimism from the depths of
Liz who? Was she just a Will -o – the – Wisp that was cancelled by the establishment blob as if she wasn’t there? So now the way is clear for the Return of Boris (for the Second Coming?) And to an almost certain economic
“Well, here’s another nice mess you’ve gotten me into!” These immortal words of Laurel and Hardy come to mind as we are gripped by the financial earthquakes caused by the new UK government’s tax-cutting and a smaller state revolution – and the extremely violent reaction
So, now we know. The Fed really means it when they say they want to crash the economy to kill inflation. But I have one little question: They have a long history of being behind the curve of moving on policy rates and thus they
The MSM can always be relied on to offer us great financial news – after the event, of course. We now learn that the S%P having declined by greater than the arbitrary 20% is now in ‘bear market territory’. While I managed to locate the
The question in last week’s blog title – The News Is Grim So Will Shares Bounce Now? – was answered in the affirmative as I suspected. While there was much talk of a looming recession in the MSM with US and UK fuel prices at
