The Dow closed lower last week but there is a curious divergence between the all-conquering FAANGS and the Nasdaq (home to them all). The Nasdaq is pushing up towards a new ATH while the FAANGS remain near last week’s...
It is famously said that they don’t ring a bell at market tops/bottoms. OK, not literally, but there are plenty of loud clanging warning sounds coming from various areas of the market. I noticed last week that banks are...
Next week should be interesting. First, the Fed reports on Wednesday. Second, Brexit happens on Thursday the 31st (Halloween). Warning – only one of these statements is true! Stocks continue to levitate, despite all of the less than impressive...
ANNOUNCEMENT To celebrate the fifth anniversary of my VIP Traders Club, I am opening the doors and you will receive a week’s worth of my Trade Alerts starting Monday. You will see in real time how we manage our...
Stocks held up in the early part of the week but I suspected it was just a ‘dead cat bounce’ and wrote this in my Thursday Trade Alert to VIP Traders Club members: ” Another pretty quiet day in...
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...