May 2014

USD/CAD chart pattern analysis

The USD/CAD has an interesting chart pattern currently. It has drawn back to the lows of early May (as I write) and we have the 200dma looming down at around 1.0750 currently. I believe there…


Can the FTSE 100 hold on its gains?

Can the FTSE 100 hold on its gains? Next week’s events will be the answer to that question The FTSE 100 surprised me this week , I was prepared for further losses from the UK…


S&P 500 challenging upper reaches

My S&P 500 trade (ETF Proxy – AMEX:SPY) is challenging the upper reaches of the red zone as I wait for resistance to manifest itself.  If the highs of this area (Near $192.50) are broken,…



Trading update

My S&P 500 trade (ETF Proxy – AMEX:SPY) “ping-ponged” successfully from the entry one (Red Zone)  to the take profit zone (Blue Zone) this week for another quick and easy profit.   This trade is…


AUD shows some weakness

We looked at the AUD/USD currency pair several weeks ago when it was pushing for new highs for the year above 0.9400. I warned of the weekly chart looking overstretched and to be observant for…



The concept of Expectancy

Over the years I have horrified quantitatively orientated seminar audiences by using a coin to predict market direction. I always ask, “would any of you trade with a coin”. They all to a person laugh…



What’s next for the £?

With interest rates back on the agenda with the FED and the BoE maybe we are finally now in the markets moving away from the non-existent growth figures and are looking for the inflationary and…


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