Dear Trading Diary: Like my left/right inference above? I was not the only one caught off guard by the crushing Trump come-back and took a few hits to my trades, but by using my trusty Break Even Rule, the damage was well contained. That BE
Tag: Elliott Waves
Everywhere you look you see the word ‘bubble’ associated with the booming stock markets. I say ‘booming’ selectively as the word accurately describes anything to do with AI, but not to some other sectors, including EV makers (see last week’s blog for the disaster there).
Most stock indexes are making new ATHs (with our favoured Russell 2000 being the standout exception). Normally, this indicates that investors expect higher earnings to come. That is, unless the market is gripped in a feverish speculative mania of course, when earnings don’t really enter
The Nasdaq has advanced an astonishing 60% this year in spite of a huge spike in interest rates. I see that last week, US financial advisors made their largest stock inflows since at least 2016 – the vast majority into the Marvellous Magnificent Seven. These
A little over a month ago just as the first news emerged of the Israel invasion, I stated that this event marked a watershed moment in global affairs – and in financial markets. Events since then have not deterred me from this view one iota.
How to lose $4 Trillion in three months? That is the loss of capital in the S&P 500 since the wave 2 high on July 27. A few more months of that punishment and pretty soon we shall be talking serious money. Google/Alphabet has been
Ever since I first came across the growing anxiety over the ‘climate change’ meme early this century, one of the most remarkable features has been the escalating growth of the confidence (hubris?) of our leaders to claim to be able to alter the natural trends
Prior to my involvement with the financial markets, I have made two major forecasts in my life. In 1969 when I had just joined NASA, and as the hugely successful Apollo moon landings were kicking off our first forays into space, there was a general
This is one crazy world -financial and otherwise – we are living through. We have had ‘bad news is good’, ‘good news is bad, and then ‘bad news is bad’ and ‘good news is good’. For those trading on the economic data and their conventional
And especially in the Chinese markets (and also the Dow – see below). Latest data out of China appears to be dreadful and the MSM have jumped all over it with headlines such as this from the Telegraph: China faces an economic perfect storm –
Question: Do you avoid trading Sugar, Cocoa and Coffee? Is that because you ‘do not understand them’ or have no interest? Another question: If you make a good win in the market does it matter to you which market you traded? Because if it does,
What an incredible week in the stock markets. Manic melt-up FOMO buying of the AI -laced Nasdaq at the same time as this headline hit the front pages: “US corporations are filing for bankruptcy at the fastest pace since 2010″. The image of the Roman
