This will be a very short ( and late) WW – back to normal next week. I have been banging the drum for the US dollar for many months – of course, mine was very much a minority opinion at the time – and
Tag: VIX
My book Tramline Trading is available at a great discount from my publishers here. It is available in both paperback and ebook formats. If you are in any doubt that a gigantic bullish mania has swept US stock markets, just compare the market’s
While I was away, the investment world is changed. The pin is getting awful close to the balloon. And as a long-time bear, I have been amazed that it took five years of government manipulations on a gigantic scale (yes, I’m looking at you
ANNOUNCEMENT A heads up – I am taking a break from 6 March to 13 March. There will be no Weekly Wrap next week and my last post before I leave will be on Wednesday. I will resume after 14 March. Is
Irony of ironies – they just keep piling up, don’t they? In recent days, we have had a volley of great economic news out of the UK. Car production is hitting all-time highs, the IMF has upgraded GDP growth forecast from 1.9% to 2.4% –
Another week, another weekly stock market gain. Ho hum. Just about everybody is on board with Investors Intelligence (professional advisors) sentiment reading at a bullish extreme where previous tops were made (at least since the 1987 crash). The VIX is approaching 12 which is
Yes, the old flame is still alive. The Consumer Confidence level in October was down a whopping 9 pips to 71, which is still higher than in 2011 – Jan 2013. But I recall numbers in the 120 range prior to the Credit Crunch
OK, let’s get down to brass tacks. My long-term view of the stock market remains bearish. At heart, I have not trusted the post-March 2009 QE-fuelled rally for many reasons – and for almost five years i have been a bear. This means I
A few days ago, I showed the VIX chart and suggested that we are at the start of a big wave 3 up and the next test was to be the 20 level. Yesterday, it almost made 20. The VIX is a measure of the
Today is shaping up to be a pivotal day in many markets. As you know, I have been trading the T-Bonds (30-yr) avidly in recent weeks, having taken nice profits on the way down and then on the way up. But it appears we
