On Wednesday, the Fed bowed to the inevitable by following what the market has already decided – by raising interest rates. But with the new Fed Funds rate of 0.5%, it remains at historically low levels.
Tag: Elliott Waves
What a fascinating (and landmark) week – especially for fans of conventional market analysis. Both the dollar and the T-Bonds made extremes (that may or may not last). but the major event was in US/UK stock indexes that swooned sharply.
The roadmap I sent to all VIP Traders Club members earlier this month is playing out with high accuracy with stocks surging. Last time, I related how I came to make a 180 degree about-face in my view from bear to bull of the US
When The Donald won the 2016 Presidential election, just about the universal reaction among the MSM was: “Oh no, not him!”. And his press has gone downhill from there. Forecasts of gloom and doom were rife and his bullish percentage plumbed very low depths (I
I have just posted a new video on crude oil and how I am going about analysing the bear market rally that has been in force since December. But first, here is the very long term monthly chart giving perspective to today’s rather puny waves
This morning, traders were awoken to the sight of Bitcoin smashing through piles of buy stops to reach my first major target at $5,000 with a $1,000 surge in just a few hours. Yes, that’s right – I have been long BTC for several weeks
Hands up all those who are sick and tired of Brexit? I thought so. If you noticed, I rarely mention it in my market coverage – unlike the vast majority of financial pundits who believe it is the main driver of many financial markets at
January was a record-breaking month for shares (but not all) – just as was December, but in the opposite direction, of course. If you had taken a vacation in the winter sun in those two months you would have asked what all the fuss was
