Regular readers know that I make a special focus on forecasting major trend changes in my swing trading approach. Not only does that give me the opportunity to take maximum profits from the old trend, but also gives me the ability to jump on the
Tag: momentum divergence
FLASH Overnight, we learned of the missile strikes in Syria by US, French and British forces on the evening of Friday the Thirteenth, so that date was very unlucky for some. Stock markets have been largely ignoring this foreseeable development in the volatile Middle East
Tales from the Crypt was a cult horror movie from 1972 and also a US TV series from 1989 to 1996. The latter started with a panning shot down the stairs to the basement of the decrepit mansion. And with a severe bear market in
How many times have I read that pathetic statement from the pundits. Of course, they mean they can’t do it, so it’s better to stay with stocks through a crash (!). That is lazy thinking. But I have made my pretty long-ish career and reputation
US short term interest rates are still rising fast. Last year, I noted this process was starting and suggested that the soaring stock market would one day soon take note. And on January 29, the Dow and S&P finally got the message. Better late than
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
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
Ever since the big crash of 2007 – 2009, I have been forecasting a deflationary depression for the global economy. I realise this is a very bold call. Some would even say it is totally nuts given today’s ‘Goldilocks’ economy.. What could possibly go wrong?
