After yesterday’s rally in the markets, it seems probable that stocks could be preparing to make a new high this week. Part of the reason for this has been the weakening Japanese Yen which has been getting crushed by Japan’s desperate attempts to inflate its economy. However, all is not…
Something is not right… Two important pieces of data do NOT believe in the stock market rally. Let me show you what I mean. Here’s a chart of the Stock Markets (S&P 500) – the index of the 500 largest companies in the world: The above chart shows that stocks…
Be prepared. Something big is brewing up on the stock markets. That is, the markets are getting prepared for an EXPLOSIVE breakout. Let’s take a look at the Nasdaq. The above chart shows that the Nasdaq has tested the 2420 region many times (once in the spring, twice in the…
Yesterday’s key rally on stocks saw some major gains in the financial markets with Goldman Sachs and JP Morgan (as was predicted on my facebook page) with their share prices rising by over 8%. At the moment on the S&Ps (ES) we are over-extended and I see the temporary upside…
It astonishes me how some of the most experienced and well-respected traders that I know got it completely wrong two weeks ago about what the markets will do next. In the middle of June, I heard a few trader friends of mine claim that we have now more or less…