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] The Best Commodities & Currency Trades Today
I just finished my Commodities and Currencies review for the week and wanted to share some of my notes. Here you go: [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?
Forget The Fed, We Want To Watch The Yen!
The noise surrounding the Federal Reserve is some of the silliest and biggest wastes of time in all of the financial industry. The media loves to talk about it, because well, they get paid to talk, not to help you make money in the market. Discussing the Japanese Yen for hours on end isn’t sexy. That doesn’t drive traffic or boost ratings. But if you’re here to try and make money in the market, it’s actually the most important thing to be watching here.
Long-time readers and Members of All Star Charts know how much I’ve been pounding the table about watching the Yen to gain insight on the direction of the U.S. Stock Market. Notice how last month when Yen put in its top (USD/JPY bottom), the S&P500 made its low on the very same day. The Nasdaq Composite also put in its low that day, so did the Russell2000, so did the Mid-cap 400, so did the Russell Micro-cap Index, so did the NYSE Composite. I can keep going, but I think you get the point. [Read more…]
[Premium] Weekly Open Letter About The Current Market Environment
In this week’s members-only letter we discuss the following topics:
- Our Focus Is On Japanese Yen and Ignoring Any Federal Reserve Commentary
- Which U.S. Stock Market Indexes Have Hit Our Upside Targets?
- What Do We Need To See To Get Short U.S. Stocks?
- The List Of Commodities That Are Now In Play
- Why Financials Will Keep Outperforming
- What Do Semiconductors and Industrials Have In Common?
- Which Sectors Are Benefiting Most From Higher Interest Rates?
[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] Weekly Open Letter About The Current Market Environment
In this week’s members-only letter we discuss the following topics:
- Why Are Biotechs and Regional Banks Now On Our Radar?
- Why Did Everyone Miss This Monster Rally The Past 6 Weeks?
- Which Stock Market Indexes In the U.S. Will Perform Best This Month?
- How High Can U.S. Interest Rates Go and How Will That Affect Bonds?
- Our Upside Price Targets In Apple, Now Updated
- What Is The Most Important Thing To Watch In The Gold Market?
- What Else Should We Be Watching In Precious Metals?
- Our Favorite Trade To Profit From A Weakening U.S. Dollar
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