I do not usually comment on political matters as this is outside of my remit – unless there is a clear market impact as there was on Thursday with the latest Brexit twist. Some cabinet ministers resigned over the plan and that hit sterling hard.
Tag: EW
Monday 18 December correction: I have incorrect labels in the second chart of the 2-hr S&P and this is the correct labeling Wave 4 is Friday’s a-b-c decline and wave 5 is the current wave. This is the bearish option that would apply if 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
You could feel it coming couldn’t you – the 300 pip wake-up call in the Dow on Thursday that rocketed VIX by 50%. I asked VIP Traders Club members if the dip buyers will still be out in force as they have been for many
Last time, I headed my post “Gold bugs squashed“, but the silver bulls have suffered even an greater percentage calamity. As I outlined, we have been short both gold and silver since identifying the high in mid-April and have been fortunate to ride the waves
Did anyone see that coming? What a collapse in gold and silver! From a high of $1295 on 17 April – a mere two weeks ago – gold is down almost $80. From a high of $18.65 on 17 April, silver is down $2.35. I
Investors’ love affair with Apple has not dimmed over the past few months. Heck no – in fact, their ardour has burst into flames with the posting of a new all-time high today at the $137 level, just surpassing the April 2015 high of $136.
Finding major market turns in real time is definitely tricky, although not so much in hindsight which is where the MSM financial writers reside. Most analysts do not even attempt it and say it is a mug’s game. That is because they do not understand
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
ANNOUNCEMENTS We have had a few problems with our email service last week and some members and subscribers may have been dropped off their list. If you have not received your VIP TRADERS TRADES CLUB TRADE ALERTS or PRO SHARES TRADE ALERTS for a couple
ANNOUNCEMENT The Free Trial Offer to my VIP Traders Club has kicked off in style. Just click here to take up my offer. Hurry – the offer will expire Friday 20 January. On Friday, the Dow rally was in full swing and hit the much-ballyhoo’ed
It appears nothing can stop the relentless rise of the major stock indexes – not even the Fed can in its determination to follow the market by raising interest rates. One of the big mysteries of the markets is why do so many people slavishly hang
