DXY took a breather:AUD is sitting in the 2022 critical support zone:Oil jumped, gold not:Dirt firmed:Miners (NYSE:RIO) didn’t:EM (NYSE:EEM) is dead:Junk (NYSE:HYG) is not happy:A...
Asian stock markets are trying to calm down after the mid week rout following the Fitch US ratings downgrade but there’s still a bit of selling to be had as local stocks dived on a...
DXY to the moon and EUR to where it deserves:AUD poleaxed and near breaking to one year lows:Oil and gold could not stand the heat:Dirt hosed but still pricing a recovery:Big...
Let me start today's update with a Wall Street adage, "Tops are a process, bottoms are an event." From an Elliott Wave Principle (EWP) perspective, the S&P500, is wrapping up its...
Our recent article warns that a tremendous thirty-year tailwind for corporate earnings is dying down. Consistent corporate interest and tax rate declines significantly boosted...
Asian stock markets are the first to react to the post close shock of the Fitch US downgrade with a broad selloff across the region and a run to safe havens. S&P futures are down...
Looks like I haven't missed much since I have been away. The Nasdaq pitched sideways after tagging channel resistance. There was no change in the supporting technical picture. The...
The DXY false break is confirmed. Up we go as EUR plunges: AUD was bashed to new lows: The entire Complex of commods, miners, EM and junk – reversed. Oil and gold led...
An exciting series of news events overnight tripped up the great start to the trading week with stocks on both sides of the Atlantic falling amid contraction in US manufacturing...
“Bullish measures are getting really bullish.” This is an interesting statement, given how “bearish” sentiment was in 2022. As I noted then: “Investor sentiment has become so...