S&P 500 The S&P 500 broke down significantly during the trading session on Monday, clearing to a fresh, new low. There is a significant amount of support just below though, especially near the 2550 level. Beyond there, we should see a significant amount of support at the 2500 level as well. There continues to be…
The first quarter of 2018 was the most volatile quarter in recent years. After booming in January, the global stock market recorded the first quarterly loss in two years, suggesting that one of the longest ever-global bull run might end. The MSCI World Index, which was up 8% in January, suddenly evaporated and declined 1.7% in the…
Good traders make rational decisions. They don’t let their emotions impact their buy, sell, and risk management choices. This is especially important when the market is choppy. Choppy markets tend to lead investor/trader thinking. Traders tend to become bearish AFTER the market tanks, and traders tend to become bullish AFTER the market surges. This means…
Last Monday, the Shanghai International Energy Exchange launched the first futures contract for crude oil priced in Chinese yuan. It’s a major step forward in the process of international de-dollarization. Now Chinese and other international traders can buy and sell the world’s most important commodity in a liquid market without using U.S. dollars. The “petro dollar” now…
The Orange Comb-Over has been getting himself all worked up over the 1,500 or so desperate souls fleeing crime-ridden Honduras in a caravan of marchers heading north. Since the group is mostly comprised of mothers and children, who have already lost husbands, sons, and brothers to the central American gangs, the threat of the things is not exactly…
The Orange Comb-Over has been getting himself all worked up over the 1,500 or so desperate souls fleeing crime-ridden Honduras in a caravan of marchers heading north. Since the group is mostly comprised of mothers and children, who have already lost husbands, sons, and brothers to the central American gangs, the threat of the things is not exactly…
On Monday, share markets in India opened on a positive note and ended the day in green. The BSE Sensex closed higher by 287 points to end the day well above the 33,000 mark at 33,225. While the broader NSE Nifty ended the day higher by 98 points to end at 10,212. Among BSE sectoral…
Only one of eight indexes on our world watch list have posted gains through Monday, April 2, 2018. The top performer this year is Hong Kong’s Hang Seng with a minor gain of 0.58%. In second is India’s BSE SENSEX with a loss of 2.50%. In third is France’s CAC 40 with a loss of…
The shift from bullish to bearish since January 26th has been delightfully insidious. Today’s market action (that is, Monday the 2nd of April) created some more progress for the bears, although the breaks of February 9th lows were not across the board. Indeed, looking at some of the big indexes, you can see that we’re…
Over the weekend, we anticipated that last Thursday’s rally was a classic case of “window dressing.” Furthermore, I warned that “Sharks sense movement in the water.” Coming into Monday, all the indices were in warning phases. The warning phases have been accelerating in momentum with the declining slopes on the 10 and 50 daily moving…
