As stock market bears gasp in disbelief, the Dow powered into even higher highs in the scorching post-Christmas rally yesterday. Does something smell fishy to you about this stunning move? It certainly did to me – until I discovered...
January was a record-breaking month for shares (but not all) – just as was December, but in the opposite direction, of course. If you had taken a vacation in the winter sun in those two months you would have...
That 1990 cold war era film starring Sean Connery was about a chase of Red October, a Soviet submarine. And how apropos to today’s cyber (and chemical) warfare with the same Russians (but under a different name)! History doesn’t ...
My new Prime Minister Indicator introduced last week has been working a treat. To recap, the ex-PM Gordon Brown recently urged us to prepare for Armageddon in the global economy and with it, the collapse in asset prices. We...
At significant market turns, such as we are now in, divergences between related markets proliferate and become stark. We have them in stocks and gold/silver. Such is the case in stock markets where the leaders in the current stock...
Facebook has been grabbing MSM headlines again – but for all the wrong reasons. Most of these headlines point to the ‘loss in value of $19 billion in one day – the biggest one day loss in US corporate...
You don’t see this very often, but soybeans are making global headlines. This very unassuming oil-seed has been thrust into the centre of the US-China trade wars. And guess what? There is a very active futures market in them...
I believe we are very close – finally – to the big swoon in stock indexes most of us have been waiting for (some more patiently than others!) And I will lay out my updated case here, which I...
Many of us have been expecting a stock market crash for some time, but the reports of its death have been greatly exaggerated – at least since February. While I believe that scenario will come to pass, in the...
Hair-raising is the word for it – trading the US stock indexes I mean and is a day trader’s dream with daily Dow moves of many hundreds of pips. Yes, I sometimes engage in very short-term trading, but my...
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...
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...