Most stock indexes are making new ATHs (with our favoured Russell 2000 being the standout exception). Normally, this indicates that investors expect higher earnings to come. That is, unless the market is gripped in a feverish speculative mania of course, when earnings don’t really enter
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
Well, at least the moon. At major stock market tops when optimism for the future knows no bounds – as exists today, we see major projects that are shooting skywards – literally. Not only are we seeing huge skyscrapers around the world that are vying
This morning, traders were awoken to the sight of Bitcoin smashing through piles of buy stops to reach my first major target at $5,000 with a $1,000 surge in just a few hours. Yes, that’s right – I have been long BTC for several weeks
There is much chatter in the MSM and elsewhere about the newly-emerging yield curve inversion. Just like the Brexit issue, pundits are deeply divided over what this means for stocks and the economy. For instance, here is one author who believes it can be ignored
Hands up all those who are sick and tired of Brexit? I thought so. If you noticed, I rarely mention it in my market coverage – unlike the vast majority of financial pundits who believe it is the main driver of many financial markets at
Having taken a two-week break to sunnier climes, I am back at my desk wondering if anything happened while I was away. Apparently, not much – except stock markets topped of course. But being on holiday did not mean I missed the turn! Oh, no.
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 who the big buyers are. And
I do not usually comment on political matters as this is outside of my remit – unless there is a clear market impact as there was on Thursday with the latest Brexit twist. Some cabinet ministers resigned over the plan and that hit sterling hard.
In a previous post The Oil Price is Suddenly Hot News – Has it Topped?, I pointed to the manic extreme bullish posture of hedge funds in the crude oil bubble which was waiting for the pin to arrive. It duly arrived on Friday. It
Hair-raising is the word for it – trading the US stock indexes I mean and is a day trader’s dream with daily Dow moves of many hundreds of pips. Yes, I sometimes engage in very short-term trading, but my main interest is in trading the
Most investors/traders subscribe to the view that markets follow the news and data releases. The problem with this view is that very often, what most consider ‘bullish’ data is sometimes met with selling (and vice versa). But sometimes, ‘bullish’ data/news is met with an advance.
