I have often said that traders and investors have a short term memory when it comes to the stock market. Right now we are seeing signs that the same mistakes that led to the 2008 and 2001 market crash are being repeated. Take a look at this chart: The above…
Reports came through today that the bitcoin exchange site Mt. Gox has disappeared. There are rumours (not yet confirmed) that perhaps the website has been “deleted”. The Bitcoin average prices fell below the critical $550 level (see below): Frankly, I am not surprised. As I warned on Swiss TV two…
The stock market’s “V-shaped” rally has done a good job of slaughtering any short sellers who expected a January crash. So far we have been right on our 7th February signal to go “long” stocks. However, if history repeats, based on data going back to 1928, we think we know…
Until the end of January, the virtual currency Bitcoin was up around 5000% in the past year. That means if you had invested $10,000 a year ago in bitcoin, you’d be up almost half a million dollars. So it’s no wonder so many people are talking about bitcoin these days.…
Jobs report released today at 8:30am Eastern – only 113,000 jobs were added in January. The unemployment rate fell to 6.6% from 6.7% according to the Labor Department today on Friday. Economists surveyed by MarketWatch expected an increase of 190,000 nonfarm jobs. As we said today, the jobs report will…
Keep Your eye on today Friday February 7th. It will be a big day for the stock markets and could change everything… Before I explain why, let’s review what has been happening so far. This year stocks are down 5% since their peak in December. Both the Dow and S&P500…
A potential new upward trend is setting up on the USDCHF currency pair. Watch this video:
The next time you buy a cup of coffee, you may find you’re paying more for the same cup of the brown liquid. That’s because the price of coffee is starting to rise after falling 70% since 2011. An upward trend in coffee is now beginning. This also means that…
As we enter a new year in 2014, I feel its important that I come clean with you about my bad calls in 2013. Most of the “experts” who make market predictions prefer not to look back and examine their calls. After all, the best way to forget a wrong…
One of the most important lessons I learnt as a trader is that “pigs get fat and hogs get slaughtered”. This phrase is meant to warn those who get too greedy at the wrong time… I’ll show you in a few moments exactly who the hogs are that are about…