Dear Trading Diary: It is almost two weeks since the Trumpquake and already he seems to be serious about draining the Washington swamp with his ‘controversial’ (aka usually effective) appointments. But he is dealing with the well-anchored leftist blob and it would be almost a
Dear Trading Diary: Last week was pretty acceptable with more gains in my Crude Oil position, a nifty and profitable fleet-of-foot rotation in and out of the Dow/Nasdaq spread, some bottoming action in the PMs, and encouraging early trend reversal action in Wheat, Sugar and
As long term readers will know, I use MSM articles and especially headlines not to glean some pearls of wisdom, but to run the thermometer over their general tone. If a large majority are bullish, I take note – and vice versa. Experience and history
By now, the whole world is aware of the ten-year anniversary of the last financial crisis that most investors have forgotten already. And just to remind us, that most mainstream medium – the BBC – are trailing a major radio series on the whys and
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 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
Over the years, I have noted that ‘surprise’ price thrusts often occur on Fridays. During the week, the market is relatively quiet which lulls traders into a state of lethargy. And on Friday many professional traders are glad to escape the boredom and leave their
I rarely read about someone in the MSM who embraces the notion that we humans do not base our decisions on rationality, but on emotion. Of course, this destroys in one fell swoop the basis on which economic theory as taught in universities! The latter
Wednesday’s Fed rate hike and Thursday’s ECB hand-sitting produced some seemingly perverse moves in the dollar. The immediate action in the euro on Wednesday was to rally, despite the increased interest rate differential in the US’s favour. Odd. Then on Thursday, Draghi did what he
Like Lazarus, DB shares are rising from the dead. In my 1 October post “Banks are in the headlines – again“, I used my trusty Headline Indicator (HI) to pinpoint a highly likely turn in the bear trend for Deutsche Bank (DB) shares. This is
In many areas of life, it seems humankind is on the cusp of some major changes. In the markets, it appears inevitable that sometime in the not-too-distant future, the mania for assets of all kind will burn out and stocks in particular will enter a
