I have to admit that I, among many others, gave in to “herd mentality”. Originally I had set my mind that the Fed will taper in December, but a few days ago I changed my mind to a September taper instead. I got it wrong. No taper. So what happens…
One of the most important lessons we learn as traders is that we must be suspicious of the crowd. When everybody is expecting the same outcome, chances are the opposite usually happens. So here are three surprises we should expect this week. This could turn out “nasty” if you’re on…
Let’s take a close look at 3 charts which I am viewing with great interest and I’ll explain to you why I think they’re important. Bonds (30-year) As I’ve said many times, the burst of the bond “bubble” will be the trade of the decade. In May this year I…
Watch this short 3-minute video: I am bearish on bonds for the long term and in fact I have been shorting bonds since they topped back in early May 2013 (see video below). However in the short term I am looking for a bounce or a pullback in order to…
We are about to witness the next chapter of the stock market unfold, as I shall reveal to you today… Now, let me make it clear. I am NOT talking about a market “crash” or a “correction”… A correction is inevitable. It is not a matter of IF it will…
Markets hate uncertainty. The “fiscal cliff” – the shorthand word for the threat of major tax rises and spending cuts which is due to expire tonight at midnight on Monday 31st December – has left the stock markets dangling on its own cliff edge. This explains why the S&P 500…
For the first time in twelve months we are seeing a “squeeze” on the weekly charts of the Stock Markets – namely the S&P 500 (ES) index. A squeeze means the market is brewing for an explosive move – but it does not tell us the direction of the move.…