Sirius Minerals Shares: Heavy Sell-Off, But Still Trending Up

Sirius minerals, which is listed on the London Stock Exchange, recently fallen out of favour with investors. The selling was sharp and heavy. By early December price had fallen below 18, representing a drop of 67% in just the three months. This is a small stock and like most small stocks, volatile and subject to wild swings. The […]

Is GoPro Due a Break?

GoPro’s stock, like it drones, literally fell out of the sky. Not long after its NASDAQ listing a few years ago the stock took a hefty beating, losing nearly 90%. However, could GoPro be due a break? In this post I just wanted to have a quick look to see what’s going on and what signs […]

US Debt About To Cross $20 Trillion. Yawn. Global Debt At Record High. Yawn. Who Cares?

It’s the start of a new year and the US is about to make a new record – national debt will shortly breach $20 trillion. At the end of 2016 the total US debt was exactly $19.9 trillion (I guess Obama didn’t want the $20 trillion award). By the time Trump settles down in the White […]

Germany’s Commerzbank UPDATE

This is an update to my post in late September 2016 on Germany’s Commerzbank. I decided to have a quick look at this bank due to the US Trumphoria stock market rally that has taken place over the past few months. In particular it ignited a significant rally in American banks, such as Morgan Stanley, Goldman Sachs […]

Baltic Dry Index Turning Bullish?

The baltic dry index has been in a downtrend for six years with price falling from approximately 11500 all the way to just 500. However, price appears to have finally broken out of this downtrend – if it holds this would indicate a significant trend change to the bullish side. On the chart above I have […]

Euro/Japanese Yen – Trend Break or Bear Market Rally?

The Euro/Yen has been in a downtrend since the end of 2014. However, the past half year has seen a strong rebound – is the downtrend over or just an oversold bounce within an established downtrend? Starting with the long term weekly chart we can clearly see the downtrend in force since late 2014. Price managed to […]

Elliot Wave Theory

A quick post on the basics of the Elliot Wave Principle.   The Elliot Wave Principle (also known as the Elliot Wave Theory) was developed by Ralph Nelson Elliott in the 1930’s. It claims that crowd behaviour produces patterns and trends we see in markets and the wave pattern is the result of mass psychology in […]

War On Cash – India Voids Bank Notes

  The Indian government announced a ban on large cash notes on November 8th. The reason given was the same one touted by governments around the world looking to ban cash – to crack down on crime. The government called it a ‘strike’ against those who keep unaccounted-for cash in India, where many jobs are […]

Banks Are Still In Trouble – Commerzbank To Fire 1/5 Of Its Workforce

Following the market rout of early 2016 the stock market quickly bounced back from bear market territory to crash to all time new highs. This may make you think everything is well and dandy. However, banks are telling a different story and they are worth watching and listening to. Just prior to the Great Financial […]