There Are Targets And Then There Are Signals With volatility hitting new highs (I refer to the VIX) and markets around the globe swinging like saloon doors the environment for wind-fall quality profits is better than it’s been for a long-time. The problem with this environment, and it’s a problem we all face, is that […]
Getting Back To The Basics Of Trading The key to successful trading is consistency. You have to consistently execute your trading plan, taking care to follow strict entry rules, in order to gain an edge over the market. This edge should, hopefully, allow you to profit more often then you lose and to win bigger […]
A Secondary Reaction Bitcoin took a surprise tumble this past weekend. Down as much as 16% over the past three days the world’s leading cryptocurrency is now trading at levels not seen since early January. While scary, this move will likely not last long and here is the reason why. Members of a defunct ponzi […]
It’s All About The Fed … and The Data? When it comes to the Fed and the dollar it’s all about the data. The committee has said time and time again through one Chairman after another that it is data dependent. It was just the other day I was saying in a post on this […]
The Dollar, It Retraced Itself The dollar index has given up all but the last little bit of its 2020 gains. The move is driven by an increasing expectation the FOMC will cut rates this year and that expectation based on the coronavirus. The coronavirus is spreading around the world, mark my words, the Wuhan […]
Coronavirus And The Bitcoin Safe-Haven The Coronavirus is spreading around the world. The World Health Organization just upped their rating of the illness to a major global threat. The impact of the virus is more economic than anything else, catching the cold is little more than a bad case of the flu. Regardless, the spreading […]
Gold Gets A Cold The gold market is skyrocketing. The spot price is up nearly 2.0% as I write this and risen more than 13% since the middle of December. The fundamental picture is this, inflows of cash to ETFs and Mutual funds, along with strategic purchases by central banks, is underpinning the move. The […]
Bitcoin Consolidates Above EMA Bitcoin has been on a tear since mid-December. After moving up more than 60% in two months the world’s leading cryptocurrency hit resistance above $10,000 and entered a consolidation. A few week’s ago I suggest this consolidation could last for weeks, that it might move down to test the moving average, […]
The FOMC Is In Control Of The Market While global events ranging from the trade war to the trade deal, economic data, geopolitics, and the coronavirus have markets on the move it is the FOMC that controls their longer-term direction. At least this week, that is. This week we’ll get a sneak peak into the […]
The Wuhan Connection The dollar has been moving higher over the last few weeks and the outlook is bullish. The FOMC reaffirmed the U.S. economy, the FOMC chief’s testimony to Congress reaffirmed the meeting and policy statement, the data supports that outlook, and the forecast for 2020 is steady if not edging higher. Add to […]