The main take-away message from today’s release of US retail sales is that they have shown their longest losing streak (declines) since late 2008, at the centre of the financial crisis.But we must also note that US retail sector jobs have tended to peak out before the top in retail sales in the last two…
And so to Part 2 of my “fiscal cliff” feature. What’s a “fiscal cliff”? If you’re not sure, all is about to be made clear. But first… a reminder of what I wrote about last week. The idea was to set the scene for what might happen at the end of this year by reminding…
Although I am following a London Stone Trading strategy for the Daily Time Frames that I am involved in, I am keen to put in some work to find a way to mitigate the losses when I get a false signal or when the market conditions change. I had a feeling that the EUR/USD would…
The price action above needs no explanation from technicians needless to say it is a bullish signal. We have taken a small long position at 1.2240 – targetting 1.24 in the coming days.
FTSE 100, Daily The FTSE over the past week has traded down to the lower end of the trading range we highlighted a week or two ago. So the price action so far has behaved largely as expected. The question for the week ahead is whether the buyers will now re-emerge? The index has seemed…
What do The Beatles have to do with the stock market? Everything, says Robert R. Prechter, Jr., one of America’s leading stock market analysts and founder of Elliott Wave International, the world’s largest market forecasting firm. Prechter has developed a new theory of social causality called socionomics. It postulates that waves of social mood regulate…
Monday, July 16, 2012 UK Reporting:- Evraz Plc, EVR, (R), Logica Plc, LOG, (SM), Sage Group Plc/The, SGE, (R), Sthree Plc, STHR, e, (CC), Sthree Plc, STHR, (R) S&P 500 Reporting:- Cintas Corp, Q4, 0.6, Citigroup Inc, Q2, 0.893, Gannett Co Inc, Q2, 0.534, Euro Stoxx 600 Reporting:- Kuehne & Nagel International AG, Q2, 1.08 Economic Data:- 00:01…
If you’re not familiar with the CBOE Market Volatility Index the so called VIX, it’s often referred to as the “fear index” because of its tendency to rise when the market falls. What it actually does is use prices on the S&P 500 Index options to measure the market’s expected volatility over the next 30…
Technical Analysts say that repetitive patterns are the corner stone to all charting systems and so this week I have been looking for some patterns that I can incorporate into my strategies. I already look for what are called “Inside and Outside Bars” for clues when to get into and out of trades. Having watched…
