Yes indeed, the surging oil price story is all over the media with forecasts for $100, $150 and I even saw one for $300 yesterday as they come out of the woodwork in a torrent. It appears everyone is finally on board the bull train
Tag: GBP
Most investors/traders subscribe to the view that markets follow the news and data releases. The problem with this view is that very often, what most consider ‘bullish’ data is sometimes met with selling (and vice versa). But sometimes, ‘bullish’ data/news is met with an advance.
dAs you know, my view is that 99.999% of traders/gurus/pundits have the cart before the horse in how they believe the financial markets function. They believe that when a bullish or bearish piece of news hits the markets, they must react accordingly. But as we
On March 1, the Dow made its all-time high at 21,170 and then started a decline which was when I labeled that high as the long-awaited long and strong wave 3 top. My forecast then in early March was that the ensuing wave 4 down
I spend much time reading MSM financial articles in order to judge prevailing sentiment (definitely not for trying to ‘understand’ the markets). I know, I should get a life. But sometimes, a starkly bullish or bearish stance overall can point me to some terrific contrarian
The media was all abuzz earlier in the week about the impending disaster that was supposed to happen yesterday. It was the confluence of not only the anniversary of Julius Caesar’s murder in the Senate, but also Fed Interest Rate Day and the Dutch elections
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
In recent posts, I have been using my Headline Indicator (HI) extensively with the most recent example on 13 October when I asked “Will hedge funds start to lose money in sterling?”. Here, I made a case that because of the extremely dramatic headlines suddenly
As my long-time readers know, I have a thing against hedge funds. First, they have veered a very long way from their original objective which was to offer investors a way to short stocks in a down market as well as hold onto core holdings.
When I first heard of the Flash Crash early Friday morning. my first thought was that the robo traders were at it again. I checked the price/time chart and quickly discovered that the plunge got started right as the Asian markets opened at 12 midnight
One of my favourite hobbies is to scan the MSM for extreme headlines – and find a reason to bet against it. Recent action in GBP/USD has once again highlighted how profitable my hobby really is. As we all knew before the Brexit vote on
It was the best of times, it was the worst of times. It was the age of bullishness, it was the age of bearishness… (as Charles Dickens almost wrote). On Thursday, Carney unleashed his version of the Big Bazooka by lowering UK Bank Rate and
