No charts today, just some thoughts. I had a client question me early in the week as to why i might want to sell into the past 3 day rally. I answered that I don’t know how long the rally will last, nor do I know if it just briefly pauses and then carries on. Read More
Playing the bottom
Bottom formations are complex. They rarely v-bottom. The chart below looks at the 1929, 2001, and 2008 crashes. Starting from left to right (apologies for the missing date bar)- chart from stockcharts.com In 1929, we saw a bust, then a huge rally, then a multi-month decline. Trading out on the rally would have made sense, Read More
MACD may signal the bottom of this crash
Last week a wild one for markets, to say the least. Today carries on that tradition. The Bear-o-meter reading that I took last week provided a simple message, in my experience: the stock market will most likely rally significantly over the coming months, but there’s also a high probability that markets will continue to experience Read More
Just another ending of the world
For fun, here is a summary of news headlines from the past couple of weeks as market literally went up, down, up, down in a rhythmic pattern. “Market falls on renewed coronavirus fears” “Market rallies on easing coronavirus fears” “Market falls on renewed coronavirus fears” “Market rallies on easing coronavirus fears” “Market falls on renewed Read More
Special report: Capitulation or continuation?
This weekend will feature an interview I did with a BNN reporter today. Tomorrow, I will be on Market Call Tonight at 6:00pm I thought I would do a super short and sweet reprint of some of the talking points revolving around todays phone interview. You can tune in to BNN tomorrow to hear even Read More
Bombardier: Here we go again!
A while ago I did some research on private corporations donating money to the current Federal government. Not surprising, Bombardier and SNC Lavalin were disproportionately contributing to the current government parties funding. The SNC scandal has been covered enough. But yesterday’s Bombardier announcement was yet again a chilling reminder that, when a government paints a Read More
The Great Deception
WARNING: THIS IS NOT A TECHNICAL ANALYSIS BLOG, IT IS AN OPINION ARTICLE AND SHOULD NOT BE READ BY THOSE SENSITIVE TO POLITICALLY OPINIONATED ARTICLES! I WILL NOT BE POSTING OR RESPONDING TO NEGATIVE COMMENTS. ANY OPINIONS IMPLIED OR DERIVED FROM THIS STORY SHOULD BE CONSIDERED THOSE OF MY OWN, AND DO NOT NECESSARILY Read More
Keeping a Zen mind on the Shanghai
The longer I’m in this business, the more I appreciate the Zen Buddhist philosophy – especially when applied to the markets. In fact, many years ago I used to attend a regular meditation group. I practiced meditation to help me develop a calmer mind for trading. The philosophy helped me deal with the neurotic behavior Read More
Heads-up: Ask me anything comments and question time
As I have done a few times in the past, I’d like to open the floor to my readers to “Ask me anything” on the subject of investing, risk management, portfolio management and technical analysis. I’m good with broad-sector questions, questions about various international markets, or questions about individual commodities. Also happy to address and Read More
USD/ CDN$ outlook
Goldman Sachs recently reiterated their previously correctly predicted call for a lower USD vs. the basket of world currencies. Reasons for the bearish outlook came down to two main factors: Goldman sees a “Robust case for improving European growth in coming quarters and stimulus from China.” Goldman says “US rates are high compared with a trade-weighted Read More