Dear Trading Diary: Question: If the Fed found it necessary to make their first rate cut in years by a mammoth 50 bps on Wednesday, and the market is expecting further large cuts every month, is this signalling a strong economy or a weak one?
Tag: NatGas
Dear Trading Diary: What a bizarre week! Profit-wise, it was very good with a large win in my short Dow trade and in my long NatGas and GBP/USD campaigns. No, what was bizarre was the Trump verdict. He is the first US ex-President to be
Dear Trading Diary: Last week I was stopped out of some positions at Break Even on major pullbacks and my long currency trades gained. And my uranium shares have advanced by over 875% from the 2020 lows, putting Nvidia in the shade. Guess who is
Dear Trading Diary: I had a pretty decent week with a large part profit taken in Wheat (see below), full profits taken in FTSE, and huge ongoing gains in NatGas and Gold among others. I feel my swing trading mojo is back on track and
While stocks suffered hugely volatile up/down swings last week (and were a nightmare to trade), traders in the oft-neglected agricultural commodities that are continuing their spirited recoveries (as I have pinpointed in recent blogs) enjoyed sleep-full nights. Stock index traders have not had such restful
A hugely significant financial event occurred last week with the much anticipated launch of the first US ETF in cryptocurrencies on 10 January. It was met with at first a shrug and then yesterday, a full scale thud with the Bitcoin price down 8.6% to
Ever since I first came across the growing anxiety over the ‘climate change’ meme early this century, one of the most remarkable features has been the escalating growth of the confidence (hubris?) of our leaders to claim to be able to alter the natural trends
Last week the Nasdaq screamed higher as FOMO investors threw caution to the wind and embraced the bullish frenzy unlocked by the promise of AI to explode growth’ shares’ earnings. But meanwhile ‘value’ shares represented by the Russell 2000 remined relatively moribund. What a difference!
So, how high will US rates go before the Fed starts cutting them? That’s the big question on the minds of pro investors/traders. To guestimate their projections they pore over every detail of the stream of US economic news for the best trading strategy. And
Look at that – can the Dow really be at 32,950??? The UK gilt and sterling market banker bigwigs seem to be happy that one of their own (by sheer coincidence an ex-Goldman banker) Sunak is now at the helm. But I am not so
Once in a while, national politics is gripped in a major drama. But not only is that in evidence in the UK with the Shakespearian Fall of Boris, but also in the USA. The resignation of Boris was preceded by multiple resignations of cabinet ministers
On Friday, the Dow crashed to a new low of 30,650 and we have had now eight successive weekly losses in the Dow and is a record series of declines that has been matched only once in stock market history.