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Divergences are marking major turns

August 4, 2018 // 0 Comments

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 market push are getting thinner with fewer generals leading the weary troops who are flagging badly. This shows up in the divergent action in [...]

Facebook is now face down

July 28, 2018 // 0 Comments

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 history’. Actually, the plunge took only two hours to unfold from $190 to $164 starting at 9 pm UK time when not too many retail traders were in [...]

Shares are on a cliff edge

April 7, 2018 // 0 Comments

Exciting, isn’t it?  Blink and you miss a 200-pip swing in the Dow! Yesterday’s action was particularly vigorous following Thursday’s strong relief rally with heavy and persistent selling.  The whipsaws are huge – and the potential for being on the wrong side of them is likewise very very high.  More capital is lost in conditions such as these. [...]

Did you expect the unexpected?

March 10, 2018 // 0 Comments

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 to Trump, but yesterday’s strong jobs data inspired a push to new highs for the move.  Both to me were [...]

Are UK house prices about to fall hard?

March 6, 2018 // 0 Comments

Like most people, I follow the incredible story of UK house prices and their stratospheric ascent in recent years. As I have pointed out before, the chart since WWII shows a lovely five wave pattern Isn’t that pretty?  We are in the final fifth wave and when it tops – which should be very soon – the first A wave of an A-B-C decline will be something to [...]
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