There is one Golden Rule in trading I observe and that is: Always Expect the Unexpected. Although I have been bearish stocks since the January high, last week’s events gave me pause for the immediate downturn. Not only did North Korea appear to cosy up
Like most people, I follow the incredible story of UK house prices and their stratospheric ascent in recent years. As I have pointed out before, the chart since WWII shows a lovely five wave pattern Isn’t that pretty? We are in the final fifth wave
Last week, the Dow declined by 1,600 points in just four days. That was not quite the record of 2,400 points weekly decline earlier in February, but it was in the same direction – down. I hope that gives a clue which direction the stock
I confess I am sick and tired of an all too common complaint out there in Punditland. I’m sure you too have been subjected to this pathetic admission – here is an example I came across today: Although I have been investing in precious metals
Regular readers will know I have been not so patiently waiting for this. It is a common observation that currency markets often extend trends far longer than you think possible. In Elliott wave terms, we see many extended fifth waves and these are often the
Stocks staged a tremendous snap-back rally in the last few hours of trading yesterday – a feat I have observed many times in similar circumstances as many traders take off early for the weekend. This traps many on the wrong side (and then worry how
I continue to be amazed at the lack of understanding out there on how markets really work – and this is among professional money managers who should know better. I wrote to my VIP Traders Club members this morning with this quote from AEP in
It must be great to be at the annual shindig at Davos every winter, mixing with the bigwigs of global finance and politics and receiving all their pearls of wisdom. Or not. Since I am rarely invited, I have the luxury of noting the prevailing
Stocks continue screaming higher with 200 pip daily Dow gains almost commonplace. Even momentary small dips of 50 – 100 pips are rarities. My question: How much longer can this last? I confess the rallies have carried far further than I expected a year ago,
I confess I am really enjoying the mayhem prevailing within the madcap world of crypto-currencies. And no wonder, when you have one of the thousands of virtual coins out there explode from 25 cents in early December to $3.25 (a gain of 1200% in a
The mania driving stocks is historic – the result of a QE-driven rush of funny money into the hands of money managers who saw the Fed offered them a free put option on share purchases. The only way for shares was up (but only for
Who remembers the 1980s British TV series Tales of the Unexpected? They were stories with an unexpected twist at the end – and the stock market story of 2017 could well have been one of them! This Year of the Unexpected finished with shares coming
