ANNOUNCEMENT I will be speaking at the London Money Show on Friday and will not have a post Thursday and Friday. Normal service will be resumed on Saturday with my Weekly Wrap. Yes, the ghost of the 1990s Dotcom boom (and bust) still stalks
Tag: Fibonacci retrace
ANNOUNCEMENT I will be speaking at the London Money Show next Friday 7 November. My four-hour presentation is: “Trading Currencies in a QE World” and I will be outlining my tramline trading methods and then covering some currency crosses. If you are in London then,
ANNOUNCEMENT I will be speaking at the London Money Show next Friday 7 November. My four-hour presentation is: “Trading Currencies in a QE World” and I will be outlining my tramline trading methods and then covering some currency crosses. If you are in London
I shall be away Wednesday and Thursday giving a MoneyWeek workshop and will have no further posts until Friday. What a stinker of a US Jobs report today! Only 148,000 new jobs vs expectation of 185,000. Because traders believe the weak jobs growth (with the
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
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
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
Several moments of truth fast approach – and the Dow and S&P have hit important Fib targets – and with negative momentum divergences ion the hourly charts. Whatever the last-minute deals are currently, the US dollar has caught a bid this morning in a
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
A few days ago, I showed the VIX chart and suggested that we are at the start of a big wave 3 up and the next test was to be the 20 level. Yesterday, it almost made 20. The VIX is a measure of the