Gold is bearish and is in a long-term downtrend. However, it’s arrived at strong support, exhausted, very oversold giving a perfect opportunity for a rest… Read More »Gold Exhausted, Likely to Bounce Slightly
Recap In the previous post “UK’s hesitant FTSE” twelve days ago I noted how the FTSE was hesitating and suggested it was likely to dip on… Read More »FTSE bounces up, still trending down
Stocks, though volatile, are actually quite accurate indicators for the economy. Money talks. Short term trends are obviously more volatile, so long-term trends and indicators are… Read More »Long Term Indicators Looking Bad. New Downtrend Forming?
Re-cap In early November I wrote that US stocks would likely see a drop in the next 2 days to 2 weeks on profit taking. Stocks… Read More »November plunge or buy the dip?
Junk bonds look like they are breaking down which is not good. On this chart you can see price fell out of the channel that… Read More »Junk Bonds Breaking Down? Not good.
Dax is looking like it’s topped out and getting ready for a move down on profit taking. ECB meeting puts support under stock markets as… Read More »DAX Waiting For Friday
In the last post I mentioned stocks were due a rest and we are likely to see a small dip to around 6,200-6,300. The FTSE… Read More »FTSE Takes Profits
There are a number of technical signs that indicate the FTSE may be about to head down. Have a quick look at the weekly chart… Read More »UK’s hesitant FTSE
Markets catch their breath In my previous post I mentioned that this rally could do with a breather. We’ve had a more or less strong… Read More »Markets pause and wait for US jobs report
Slapped by China, Comforted by Europe I had expected a pullback on Monday morning after China reported its manufacturing sector is still contracting, indeed stocks… Read More »Bullish, but tired
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