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
Tag: soybeans
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
The Soybean market rarely hits the headlines as often as Nvidia (to put it mildly), but savvy investors always take note of promising setups in all large and liquid markets, especially when the upside potential appears so attractive. Yes, I know it can be hard
I believe the Elliott wave theory offers the most comprehensive and logical explanation for the seemingly random moves in the financial markets. I have started a new short video series (uploaded to my website and to YouTube) where I analyse various setups in real time
An interesting factoid – posted to VIP Traders Club members yesterday – at the end of Q1 2023 yesterday, the Dow was trading around 32,900. At the end of Q4 last year on December 31, it was trading at – wait for it – 32,900!
Just about every pundit has now said it in their year-end copy: What an incredible year was 2022! Who could have predicted it? blah, blah, blah. So I won’t insult you with a repeat. Only to say that I believe you ain’t seen nothin’ yet
Is it entirely coincidental that with the passing of our Queen to the new King that the old is giving way to the new? In terms of finance, has the old strong dollar trend ended with the Queen’s passing? Remember, the value of the US
Stocks, commodities, precious metals and even Treasuries enjoyed super rallies last week. Stocks were buoyed by generally good Q2 ‘surprise’ earnings results of the likes of Amazon and Apple among others. So the gloom and doom atmosphere of last month was misplaced, as usual. And
The question in last week’s blog title – The News Is Grim So Will Shares Bounce Now? – was answered in the affirmative as I suspected. While there was much talk of a looming recession in the MSM with US and UK fuel prices at
I believe last week will go down in history as the week that stock indexes rolled over into long term bear markets. That marks the end of the Great Asset Mania. The world is entering a much more conservative phase where rampant speculation will no longer be rewarded. And savings accounts will be treasured, rather than shunned as they are today.
