Please note that this is my only blog this week. I’m at the cottage as you read this. Beer. Bikes. Barbeque. I won’t be able to post or respond to your comments until next week. Fed-talk of lower rates, an inverting yield curve, combined with investors suddenly realizing that there is risk in the stock Read More
On the one hand….
David Chapman, another Technical Analyst and a man who I respect, noted in a newsletter that there are a number of factors that look pretty bearish for the stock market right now. These include: An expanding pattern on the NA indices (as I noted back in October) Inverting yield curves Negative yields on bonds in Read More
Oil may be a decent short termed trade
Crude oil has bounced off of the $50-$52 support level several times since late 2018. It peaked near $66 back in April (which was an old support point in 2018). Currently it seems to have a neartermed resistance point closer to $60. Its bouncing off of that low-$50’s zone and looks to be heading towards Read More
Checking under the hood
I spoke to a client the other day about how I look at markets by using a combination of trend and risk analysis. Trend is reviewed via the price pattern on a weekly chart, including volume and the 200 day (40 week) simple moving average. Risk, on the other hand, is evaluated using a compilation Read More
How low can it go?
The current market malaise just goes to show me that I shouldn’t take a vacation. Perhaps its my fault, in some strange way, that the market would stage a mini-implosion while I was enjoying a quiet northern Ontario week at the cottage. All hell broke loose while I was thinking less about markets, and more Read More
Are there safe markets to hide in if US markets decline?
One of the questions that came in from my “Ask me anything” blog was from a reader named Paul. He asked if all markets are so correlated that an event happening in one market will always ripple into all others. He was specifically referring the Brexit situation, but it’s a broad question really. Stuff is Read More