Crude oil trades more or less in synch with the Dow, and it is flashing a bear market alert. This morning, it is testing the $100 level, which it hasn’t seen in weeks. I have been bearish crude for some time, and believe the next
Tag: Elliott Waves
So, it’s fill yer boots time again! Grab that risk with both hands – you can’t lose. The debt ceiling crisis is over and it’s perfectly OK to get back in the water. You know the Dow is heading for 20,000, then 25,000. I
So the crisis has passed. Or has it? That can must be kicked into a pulp by now, surely. Only another three months to the next drama – Happy Christmas, everyone! But what interests we merry band of traders is: what are the markets
The tension is killing me! This is the highest stakes poker game in history – with a $16 Trillion pot! I guess Ben is a happy man now the spotlight has come off him and onto Congress. I know – Ben who? But let’s
Great news this morning! The Grand Canyon and Statue of Liberty will re-open. Hey – only bone-headed politicos could shut down two of the greatest money-spinners in the USA for two weeks – and make the government a complete irritation amongst tourists into the bargain.
It had to happen – my tramlines pointed to a rally off the 6,320 level in the FTSE starting late Tuesday. The market embarked on a rally which was capped by the news that Obama and Republicans had cobbled together a band-aid solution to the
This is getting more and more like Kramer vs Kramer – the plot bears an uncanny resemblance to what is going on with White House vs Congress (The 1979 film tells the story of a married couple’s divorce and its impact on everyone involved, including the couple’s
With the US government shutdown and the looming debt ceiling drama, the markets are still tracing out recognizable patterns! In fact, I had a post yesterday calling for a bounce in the Dow, which arrived right on cue. Do you spend much time reading what
Today is shaping up to be a pivotal day in many markets. As you know, I have been trading the T-Bonds (30-yr) avidly in recent weeks, having taken nice profits on the way down and then on the way up. But it appears we
The US government shut-down has triggered a knee-jerk flight out of the dollar and the euro has rallied to within pips of the 136 handle – and has traced out a very rare chart pattern – an expanding triangle: Usually, triangles are contracting, where
