We’ve all heard about “Dr. Copper’s” ability to gauge global economic growth. What is not discussed as much is that Copper is very highly correlated with Emerging Market stocks, not so much developed markets. With Copper right now setting up for a potentially outsized move, the implications of its direction will likely impact stocks throughout the emerging markets space. [Read more…]
All Star Interviews Season 3, Episode 1: James Brodie, Athena Financial Solutions
James Brodie started out auditing for Arthur Andersen and did not particularly enjoy it. In the early 1990s he started to learn about derivatives at the largest bank in the world before ultimately moving to Credit Suisse. He’s lived in London, Singapore, New York and Tokyo trading currencies for both the banks and proprietary and then started his own hedge fund. James is also on the Board of the CMT Association. I really enjoyed the advice he gives about what he learned from 2 massive losses he’s taken throughout his career. James is a big fan of behavioral finance and we talk about different studies where we’ve learned that the better traders actually have more losing trades than winning trades. Currently James is watching Gold, EURJPY and US Interest Rates and talks about how he wants to trade them. This was a fun conversation where we covered a lot of things. [Read more…]
[Premium] Playbook To Profit in Q3 2019
This is one of my favorite things to do: Forget everything that happened in the first half of the year and start from scratch. It doesn’t matter what we did or how we felt in early 2019. It’s irrelevant. We’re moving forward. This is my Q3 2019 Playbook.
New Monthly Charts Are Published!
Monthly charts force us to take a step back and identify the direction of the primary trend. By erring in the direction of these trends, we are increasing our probabilities of success. Markets trend. That’s why Technical Analysis works. This process at the end of each month is arguably the most valuable part of all the work I do. I can tell you that from the bottom of my heart.
One that definitely stands out here is the Dow Jones Industrial Average going out at new all-time monthly closing highs. This is the highest monthly close in the history of the stock market: [Read more…]
BNN Bloomberg Interview: Stocks, Gold and Dollars
Here is the video from my BNN Bloomberg interview this week. We talk about the implications of a weaker US Dollar, including what that would do to stocks, emerging markets, metals and others. I’ve been waiting for it all year. But think about it. We’ve already seen some of the things we would expect to see in a weaker Dollar environment. Gold strong, for example, and an inability for the Euro to go lower. So for me, I think this Dollar fall is just getting started. [Read more…]
Gold Is Cool Again
A lot of the jokes in my community begin and end with gold bugs. I can’t think of any group that has been so wrong for so long. You could have literally been in anything else the past 8 years and made money. It’s all good though. What goes around comes around. Gold will have its day again, and I think it could be around the corner.
The US Dollar has been a big focus of ours all year (see here, here and here). The implications of the US Dollar’s next move will be felt worldwide. I’ve been in the camp that the US Dollar Index below 98 is positive for stocks and that a drop in the Dollar will most likely coincide with a rotation into emerging markets and european equities. While the Dollar has remained below 98, it’s been more of a sideways range that anything else. But we may have just seen the beginning of this collapse.
Here’s why this is important: [Read more…]
[Premium] Monthly Conference Call Video Recording June 2019
This is the video recording of the June 2019 Conference Call.
[Premium] Two Commodities Worth Watching
From the desk of Tom Bruni @BruniCharting
Today we’re looking at two Commodity charts that offer both intermarket signals and potential trading opportunities.
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