Dear Trading Diary: That is a well-known aphorism with experienced traders/investors. And that is what our friend Mr Warren Buffett almost did when he sold a vast chunk of Berkshire’s Apple holdings recently near the top. He has now raised a growing pile of cash
Dear trading diary: That was a landmark week, make no mistake. A sentiment switch was flipped on Wednesday 31 July and now Bad News is Bad – really Bad. Latest jobs data was the latest to point to a severely weakening US economy that is
Dear Trading Diary: Following the previous week’s stellar trading results, my account took a typical breather last week – until mid-week, that is. That is when I was presented with a quick 500 pt profit in USD/JPY that was in a strong correction. But have
The Nasdaq has advanced an astonishing 60% this year in spite of a huge spike in interest rates. I see that last week, US financial advisors made their largest stock inflows since at least 2016 – the vast majority into the Marvellous Magnificent Seven. These
That was certainly one of the most eventful weeks for a while. The Fed tied itself in knots hiking rates (and promising to do more of what it takes to cool the hot inflation) and at the same time expanding Q£ by trillions to save
Regular readers will know I have been not so patiently waiting for this. It is a common observation that currency markets often extend trends far longer than you think possible. In Elliott wave terms, we see many extended fifth waves and these are often the
