S&P 500 trade finally breaks out to a new all-time high
My S&P 500 trade (ETF Proxy – AMEX:SPY) finally broke out to a new all-time high and in doing so triggered my stop loss orders. This breakout has occurred due to political events and is…
Stocks
IX Investor Show returns to Barbican
The IX Investor Show, which was launched in 2003 at venues including London Olympia and ExCel London, has now moved to the City! This dynamic event, which aims to showcase all the leading trading and…
FTSE 100 turned to downside but strong Retail Sales kept it afloat
The FTSE 100 has come off its recent 6,900 points highs and last week we discussed that the outlook has been turning to the downside and that the index was looking poised for losses. However,…
Are stops only for buses?
It’s a tough market, and the most difficult I have encountered for many years for directional traders. The options players are rubbing their hands as a period of sideways churn properly played is a license…
Spilling the beans!
They’re spilling the beans in Guaruja, Brazil…. My caffeinous indulgences have to be tamed. My enthusiastic expectations have had a setback since the rains came and the smart ‘knowing’ money took profits in the last…
Stock Indices in a Knot Worldwide
The stock indices of the world have been trading in a tight “Knot” for the last 5 months. Those of you who understand the Fibonacci method of predicting levels in the market will see that…
Sell in May….or just go away ?
This well-known adage has been around for a long, long time. Apparently history suggests that the equity markets have been traditionally affected by decreasing volumes and long summer vacation periods causing lethargy in the markets,…
I would bend over backwards to be flexible!
It’s been an interesting week. And one that sends a strong message to all traders, but moreso to those in the retail sector who are trying to understand ‘what’s what’! Certainly one to teach the…
Cable could hit 1.70 this year…
The GBP/USD pair has seen the pound strengthen in the past few days with it challenging the 1.68 figure once more. I have long held the belief that we should see cable hitting 1.70 at…
The Russell 2000 trade update
The Russell 2000 trade is now down approximately 7% since the trade began, and has behaved itself every step of the way. Each price wave had plenty of power and therefore was predictable as you…
