Whipsaws are a fact of life in the trading business, and yesterday may have been the mother of all whipsaws. I learned early in my career that when a signal whipsaws, you had best heed the whipsaw signal. As a result, we’ll close out a few trades today, add stops to others, and watch others closely. In addition, there are…
Corrections: One of the symbols had a typo. ECI should be ECL. Several new trades are being added to the list today. There are 2 new shorts and 10 new longs. Market Update Pro subscribers click here to download the daily trades update in pdf format. Not yet a subscriber? Try the Market Update Pro including Daily Trades Beta risk free…
A confluence of factors has led to powerfully bullish liquidity conditions. That’s about to end. Here’s how, and what it means for your investments.
Daily trades for August 15, 2017. Market Update Pro subscribers click here to download the daily trades report in pdf format. Not yet a subscriber? Try the Market Update Pro including Daily Trades risk free for 90 days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Start your risk…
Gold rallied to a key resistance level last week but has pulled back from a critical resistance level.
The market broke short and intermediate term trend support last week. This is a critical moment in market history. It behooves us to understand and pay attention to technical analysis now more than ever. It could mean the difference between whether your investments survive or not! This report tells you what last week’s market turnabout means, and what to look…
The TBAC issued its twice quarterly report to the Secretary of the Treasury on August 2. This is perhaps the most important such report I have seen over the past dozen years or so that I have been reading them. You need to know what it says and what it means so that you can protect yourself and even take…
Gold’s promising pattern a week ago has now turned into one that looks fraught with risk. Here’s what we’re doing about it.
While the Dow plowed to new highs, the broader market went nowhere. There were signs of technical deterioration. Here’s how trends and cycles set up, and what to do about it. Market Update Pro subscribers click here to download the complete market update, including the proprietary cycle screens report in pdf format. Not yet a subscriber? Try the Market Update Pro risk…
Data from the US Treasury’s Daily Treasury Statement for July showed that tax collections were strong again. The lagging economic data releases should follow this path. Here’s what that means for traders.
Household and corporate deposits have shown marked growth in Europe in recent months. It could be a sign of repatriation of capital from the US. That would be very bad news for US stocks and bonds. This report shows you the pictures, and tells you when it will matter.
Gold has cleared an important short term resistance level, but is only in the middle of its intermediate trading range. Here’s what to look for.
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Global markets are indicating heightened vulnerability.
The gold price experienced volatility earlier this week thanks to the U.S. dollar and rallying stock market.
However, the metal has proven resilient as it’s still on track for a weekly gain.
The (Un)Commonwealth of Puerto Rico, whose General Obligation bonds are in default, just saw their 5.75% coupon bond fall below $50 for the first time.
The University of Michigan survey of consumers just released their montly update on inflation expectations.
George Soros is betting against three of the major market indexes.
Of course, this wouldn’t be the first time he bet against an entire economy.
World stock markets were mostly lower in overnight trading.
We all know the basic facts: the system delivers uneven results in terms of improving health and life expectancy while costing two or three times more per person compared to our advanced-economy global competitors.
It was bound to happen, despite Dodd-Frank legislation and the creation of the Consumer Financial Protection Bureau following the financial crisis.
Despite all the hoopla about Europe’s improving economic condition, the European Central Bank (ECB) is once again increasing their assets purchases (balance sheet) despite their already 0% main refinancing rate.
World stock markets were mixed in overnight trading Thursday.