It’s amazing what a week can do to change people’s minds. Until a week ago, the mood of investors and the financial media was mostly negative. “Fear” and “panic” were the buzzwords. Then the stock markets rallied strongly in just 3 trading days, and now suddenly everyone is talking of…
Two charts spell trouble for the UK Housing Market. Let’s take a look at them in this video: There is little doubt that the London property market is overheated and in need of a serious correction. Low interest rates coupled with foreign speculation and government incentives have fuelled a huge…
Here’s a question for you. What’s so special about a chart signal when one line crosses above another line? The answer is not much… Except when it occurs on the markets’s Volatility Index (VIX) – also known as the “Fear” index. Whenever this signal has occurred on the VIX “fear…
Today I got a call from my Japanese friend and journalist, Kaz Ohno. I’ll never forget the first time I met Kaz 2 years ago. He took a plane from New York City to Washington DC just so he could interview me for an hour. I felt so guilty. He…
According to reports (see video below) the smart money has reached a record net short position against the stock market (Dow and Nasdaq). But what will this mean for stocks? Will it result in the long-awaited correction in the stock market? Video will take a look at positions to short…
As we mentioned last week, a temporary “bounce” or correction on the gold sell-off was expected. So far gold has managed to retrace 50% of the decline from the 9th April highs. Gold faces further resistance at 1500 (which is both a round number and the 61.8% fibonacci level). I…
You will notice from the above chart that Gold completed a 5 wave trend – a down trend which started on 8th November and completed on December 29th. For traders who are not familiar with Elliott Waves, this phenomenon is explained briefly by the fact that when markets trend, they…