Markets

Dec 02, 2013 at 05:11

USDCHF is testing 0.9060 where a three wave decline from 0.9248 may complete a contratrend move in the near term. As we can see price is contracting at the end,…

Dec 02, 2013 at 05:02

EUR/GBP has resumed its downtrend by breaking the support at 0.8301. A support stands at 0.8225. Hourly resistances can be found at 0.8352 (28/11/2013 high) and 0.8391 (26/11/2013 high).

Dec 02, 2013 at 04:56

What is wrong with this picture? Near all time high NYSE prices suggest that economic matters are in great shape that justify high asset prices and US corporations are doing…

Dec 01, 2013 at 14:01

The last few weeks have brought us closer and closer to some sort of market top. In the last newsletter I wrote that the onus was on SPX to show…

Dec 01, 2013 at 13:51

You cannot negotiate with Iran. That is what they told us for years. The Iranian leadership is too fanatical, they are not rational actors, they are "not like us." One…

Dec 01, 2013 at 12:34

I have to admit that it has been a major mistake underestimating the strength of this "bull" market. The fact that the pattern from the March 2009 is clearly corrective…

Dec 01, 2013 at 12:23

The fact that most of the time it's not the strategy that has failed; it's you (the trader) which is why you need a simple trading strategy drawn out on…

Dec 01, 2013 at 08:53

In my last article I was looking for a reaction from the 1750SPX area. The continuation of the move higher has again forced me to reconsider other ideas.

Dec 01, 2013 at 08:51

The major indices didn't disappoint and finished one of the strongest (from a seasonal point of view) weeks on a positive note. For the record, this is what the rest…

Nov 30, 2013 at 08:23

Last week was one of the strongest we have seen in a while. The secondaries led the way up and the breadth indicators confirmed. Seasonally, next week has been very…