Dear Trading Diary: I had a pretty decent week with a large part profit taken in Wheat (see below), full profits taken in FTSE, and huge ongoing gains in NatGas and Gold among others. I feel my swing trading mojo is back on track and
Tag: Wheat
When in a hole, the wisest way to get out of it is first to stop digging. This is oft-quoted but like all aphorisms, there is another popular one to counter it – When at first you don’t succeed, try, try again. Isn’t life complicated?
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 sudden explosion of student demonstrations on US campuses to this old hand looks like 1968 history, while not exactly repeating, it is certainly rhyming. Back then, it was the Vietnam War that was the centrepiece of the unrest. Today, it is the Israel/Gaza War.
Last week we saw one of the largest losses in Big Tech shares for a very long time capped by Friday’s plunge. I have been forewarning of this and should come as little surprise to Tramline Traders! Last week I pointed out the annualised gain
At certain points in the progress of the financial markets we can get a light switch moment from an unlikely source that is off the radar for most. I am always looking for trend changes as a natural contrarian and I had a glimmer of
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
What a year! It is customary for market commentators and fortune-tellers such as myself offer a summary of last year’s performance. And to offer ‘insights’ (aka guesses) into what to expect next year. But I like to be different! That way, we are kept on
Last week the Fed followed market rates and hiked by 75 bps and indicated more to come to ‘fight inflation’ and stocks fell. Then the CPI data dump on Friday cancelled that idea with a soft headline figure and bond yields and the dollar fell
As I have been maintaining all along, the Net Zero fantasy is the pin the stock market bubble has been looking for. Shares fell very hard yesterday and with huge rises in energy bills looming, economies are on the brink of severe implosions. The Law
When will they ever learn? The MSM financial journalists, I mean. The BoE hiked their interest rate by the expected 0.5% on Thursday. Conventional pundits who believe it is the news that drives the markets were totally flabbergasted by the market’s negative reaction to that
I have been tracking the precious metals as they have been sliding down their Slippery Slope of Hope in recent weeks. And the usual suspects – the Gold Bugs – that normally see every reason to advise loading up on gold are nowhere to be
