I believe we are very close – finally – to the big swoon in stock indexes most of us have been waiting for (some more patiently than others!) And I will lay out my updated case here, which I believe is stronger than ever. Last
Tag: ending diagonal
Regular readers know that I make a special focus on forecasting major trend changes in my swing trading approach. Not only does that give me the opportunity to take maximum profits from the old trend, but also gives me the ability to jump on the
Yesterday’s volatile stock market action was telling. For the first time in weeks, the Dow suffered a significant fall – but then recovered. The VIX Volatility Index was likewise volatile (sharp up and then sharp down) The news items that emerged were that a former
I ask that question rhetorically because I have asked it several times this year – and the answer was always ‘no’. A few weeks ago, I noted a rush of MSM articles that proclaimed the end was nigh – and I took that as a
Apologies to Rogers and Hammerstein, but today, I thought I would review some of the bubbles in various markets – many of which appear to be bustin’. It appears last week may well go down in the annals of market lore that marks secular highs
It is always extremely hazardous forecasting when a manic bull trend is turning, especially in real time! As the famous philosopher and baseball legend Yogi Berra said “ It ain’t over till it’s over“. And the famous atomic physicist Neils Bohr said: “Prediction is very
I will focus more heavily on the US stock indexes from now on because I believe we are getting very close to The Top. It is striking that only some of the major US indexes are making new all-time highs among the global indexes. And
I’m sure, like me, you have noticed an avalanche of references to Bitcoin and other cryptocurrencies in the MSM in recent days. Yes, the coverage has been pretty steady as Bitcoin moved above the $4,000 level in mid-August. But since then, the manic excitement has
Almost everyone hates the dollar. How do I know? The latest Daily Sentiment Index (DSI) plumbed a six year low last week at only 8% bulls. This index is a poll of professional US money managers – and back in December, when the Dollar Index
When stocks make major highs, they do not all do it lockstep. And I believe a major high is upon us. But isn’t it curious that sentiment between the professional money managers and the public appears to be poles apart? Not when you accept that
You know how I just love the finance writers in the MSM. They see a noteworthy market move and scramble around for plausible ‘reasons’ for it. But Tuesday’s sharp collapse in FTSE – which was predicted by yours truly – drew this headline the same
I have received a gratifying number of discerning traders taking up the Free Trial Offer to my VIP TRADERS CLUB that officially closed on Friday. The good news is that I am extending the deadline to next Friday 27 January to allow late-comers the chance to
