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…
Let’s examine stocks, gold and British pound quickly after last week’s turnaround from the “no taper” from the Fed to a possible taper in October. S&P 500 futures This week the S&Ps must protect 1687 as a key level. The Dow must protect 15383. Take a look at this chart:…
I have to admit that I, among many others, gave in to “herd mentality”. Originally I had set my mind that the Fed will taper in December, but a few days ago I changed my mind to a September taper instead. I got it wrong. No taper. So what happens…
Speculation is growing whether the Federal Reserve will start tapering tomorrow at the Wednesday September 18th FOMC meeting. By tapering we’re talking about scaling back on the Fed’s $85 billion dollar a month bond buying program which began in November 2008, and arguably has kept the economy and stock market…
One of the most important lessons we learn as traders is that we must be suspicious of the crowd. When everybody is expecting the same outcome, chances are the opposite usually happens. So here are three surprises we should expect this week. This could turn out “nasty” if you’re on…