Bitcoins – the talk of the town currently – have rocketed from $12 a year ago to a recent high of $1200. Now that’s what I call a bull market! Many are calling it a bubble, and who is to disagree? A Bitbubble perhaps? Stories
Tag: nasdaq
The odds are stacking up now that I have found the top in US stocks, as per my Weekly Wrap analysis (and my MW Trader coverage of the FTSE). The S&P reached a Fib target on Friday (w5 = 0.618 x w1-3) and
When I started trading, I did what virtually everyone else did in a roaring bull market. I became even more bullish! Wow! If the market can get to 16,000 from 6,500 in only less than five years, who knows where it will be in
Another week, another weekly stock market gain. Ho hum. Just about everybody is on board with Investors Intelligence (professional advisors) sentiment reading at a bullish extreme where previous tops were made (at least since the 1987 crash). The VIX is approaching 12 which is
Big falls in all markets yesterday as they acted in concert – and confirmed my view that in a deflationary world, all assets decline in price. In fact, Prechter calls this phenomenon “All the same market”. Gold is currently the biggest loser of all,
Last week I had some posts on how the Nasdaq was leading the charge up in this bear market rally of almost five years duration – and was leading it lower. I may have been a touch premature. But what is a week in
Here is just one more reason to believe the stock rally is coming ot an end – stock buy-backs. This is a little-reported theme, but is one that is worthy of note. US companies have been buying their own stock in an effort to
On Wednesday, my post was “Nasdaq leads the charge” – and I was referring to the five-year old rally. I had a firm tramline target in place and the market was heading for that level. While I was away at the London Money Show,
This will be my last post of this week since I am in London giving a talk at the London Money Show. I will have a Weekly Wrap on Saturday as usual. The divergencies between stocks and the real world are getting really stretched
So, it’s fill yer boots time again! Grab that risk with both hands – you can’t lose. The debt ceiling crisis is over and it’s perfectly OK to get back in the water. You know the Dow is heading for 20,000, then 25,000. I
With the US government shutdown and the looming debt ceiling drama, the markets are still tracing out recognizable patterns! In fact, I had a post yesterday calling for a bounce in the Dow, which arrived right on cue. Do you spend much time reading what
