Last time, I told how I managed to nail a Dow high on Monday 4 March around the 26,000 region but was not sure if this was the start of the long-anticipated wave 3 down. Recall there was a large non-confirmation in the two senior
Tag: GBP/USD
Most pundits I read claim that the value of sterling has been in a period of ‘uncertainty’ since the ‘surprise’ Brexit vote of 23 June 2016. Usually, when I read the word ‘uncertainty’ in a MSM piece, I translate that as ‘down’, but I am
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.
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
Amazon is a rocket of a stock with seemingly plenty of fuel left. While traditional stock watchers hardly believe their eyes with the off-the-scale valuation investors/gamblers are putting on this share. the price just keeps on going just like the Voyager 1 probe that became the
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.
