Dear Trading Diary: What a bizarre week! Profit-wise, it was very good with a large win in my short Dow trade and in my long NatGas and GBP/USD campaigns. No, what was bizarre was the Trump verdict. He is the first US ex-President to be
Tag: Elliott wave
The Dow made a major low on October 13 at 28,600. Since then it has rallied to 34,000 – a gain of 5,400 pts (almost 20%) in just five weeks. That is a very sharp rally. And that is exactly the kind of rally we
As stock market bears gasp in disbelief, the Dow powered into even higher highs in the scorching post-Christmas rally yesterday. Does something smell fishy to you about this stunning move? It certainly did to me – until I discovered who the big buyers are. And
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
You don’t see this very often, but soybeans are making global headlines. This very unassuming oil-seed has been thrust into the centre of the US-China trade wars. And guess what? There is a very active futures market in them at the Chicago Board of Trade
