One of the more interesting scenarios across the global market place is what is happening in the US Dollar, and the Euro component more specifically. Remember, the Euro represents a majority in the entire US Dollar Index. On Monday, the Euro engulfed the prior 13 trading sessions. This means that it made a new low, below the past few weeks trading, and then reversed to close at a new high, above any of the highs over the past few weeks. [Read more…]
[Chart Of The Week] Is This US Dollar Breakout The Real Thing?
I like to keep an open mind. The one thing I’m certain of is that I’m not certain of anything. So I weigh all of the evidence and then try to find the best risk vs reward opportunities based on the cards that we’ve been dealt. We can’t let our emotions impact our decision making, it has to be 100% dependent on the data at hand. Today, I think one of the more interesting situations is in the US Dollar Index. [Read more…]
[Premium] Weekly Open Letter About The Current Market Environment
In this week’s members-only letter we discuss the following topics:
- S&P500, DJIA, Nasdaq100: Buy, Sell or Hold?
- What Is The Best Way To Invest In The Chinese Stock Market?
- What Other Asian Countries Should We Be Buying?
- Which Commodities Are The Next Ones To Rip Higher?
- With Interest Rates On The Rise, How Do We Profit?
- Why Is Dollar/Yen The Most Important Chart For U.S. Stocks?
- What Other Currencies Do We Need To Own Today?
How I Use Fibonacci Analysis To Make Money In The Market
Fibonacci Analysis is one of the most valuable and easy to use tools that we have as market participants. I’ve studied supply and demand behavior for over a decade, and I find myself using Fibonacci tools every single day. These tools can be applied to all timeframes, not just short-term but longer-term. In fact, contrary to popular belief, technical analysis is more useful and much more reliable the longer your time horizon. Fibonacci is no different. [Read more…]
[Premium] What Intermarket Analysis Is Suggesting About The Current Market Environment
Intermarket Day is one of my favorite days. Yes I’m a huge nerd. Deal with it!
This is when I go through many markets relative to each other. These markets include individual U.S. Sectors compared with the overall U.S. Stock market. We also look at other assets against each other like Bonds, Commodities and Currencies. We price Gold in other currencies, and change around denominators for both trade idea generation and also for informational purposes.
Here are some of the things that stood out from this week’s homework:
[Premium] My Notes From Friday’s Charting Session
Next week I will be out of the office from Monday through Wednesday as I will be traveling for business in New York City and Baltimore. If you are in the New York City area on Tuesday afternoon, come join me at the Marriott Marquis for a discussion on how to use Technical Analysis to approach the Global Marketplace.
On Friday I updated all of the U.S. Sectors & Sub-sectors, Commodities and Currencies on both weekly and daily timeframes in the Chartbook. I took some notes along the way and wanted to share them with you guys. Here are a few things that stood out: [Read more…]
[Premium] My Recent Notes On Commodities & Currency Markets
I just finished my Commodities and Currencies review and updated all of them in the Chartbook. Today’s notes include updates on:
- Crude Oil
- Gold
- Silver
- Palladium
- Cotton
- Soybeans
- EUR/USD
- USD/JPY [Read more…]
[Premium] Weekly Open Letter About The Current Market Environment
In this week’s members-only letter we discuss the following topics:
- Is the Mean Reversion Higher In Stocks Still In Play?
- What Do We Do Now That Treasury Bonds Hit Our Upside Targets?
- What It Will Take To See Apple, Twitter and Yahoo Rally This Month
- Where is the Euro headed next
- Why It’s Important To Define Your Time Horizon
- The Sectors That Will Lead In February
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