George Soros’ plan We read with great interest a paper just published by George Soros, that will be presented at a conference shortly in Europe this week on the eurozone crisis. What was impressive about the paper is that Mr Soros has put forward a plan for Europe to move forward and avert a deepening…
Light Crude Oil August 2-hour chart Pattern: the completion of a triangle [a,b,c,d,e] for wave (4) is followed by a decline which is wave (5). Note prices have found resistance each time they rose above the 55-120min moving average. Next move: wave (5) down but if Crude Oil rallies the previous support at 81 has…
For more trading insights and exclusive access to FatProphets Virtual Trading Room for a full month click here A good friend of Angus’ who holds a senior position with a major US investment bank in private equity forwarded us an email that had been sent by someone else in financial services. It was the article we…
Risk was again off the table towards the end of the week with key European and US indices declining on ‘renewed’ fears over global economic growth o Thursday, and as ‘disappointment’ over the lack of decisive action by the Fed began to sink in. We remarked that recent market stability did not mean we were…
After a complete drubbing in recent months as the chart below demonstrates (90% capital destruction in just 6 short months), there seems to be a stock shortage in WGP amongst the marketmakers today and growing noises of an imminent positive news announcement… Perhaps City Index have settled with them? The volume in recent days looks…
Japanese stocks are extremely cheap selling for up to half their book values. Rarely do high quality multinational companies with global earnings become subject to pricing at these cheap levels. The argument about Japan’s population halving in the next 50 years is, quite frankly, pure nonsense. Yes the population is getting older and yes it is…
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Nokia is ripe as a $10 billion-plus takeover target for Microsoft. This would be a terrific deal for Mr. Softy. For Nokia too, of course. Whether life follows logic is another matter… In case you’ve been living under a rock, you’ll already know that Nokia, the Finnish cellphone company that once dominated the world, is having an even…
How extraordinary and unexpected are the twists and turns of history! Greece is renown as the seat of a brilliantly successful ancient civilisation, but these days for little else apart from corruption and tourism. According the CIA Yearbook*, Greece is the world’s 41st biggest economy, about the size of Vietnam and Bangladesh. So five or…
There are a few interesting technical developments in the S&P 500 chart using the shorter term 15-minute timeframe that are worth watching as the stock markets continue to digest and discount news and data along the path of least resistance. The chart of the S&P shows the break of the inverse head and shoulders which…
