Stocks are trading near major lows. Both DAX and DJ are fairly close to the levels where buying started in July. Therefore, the big question is whether institutional investors see…Read More

DJ created a lower high yesterday and plummeted after the Fed said it would remain aggressive. According to Powell additional large increases were likely even if the risk of recession…Read More

Gold traded lower and didn’t really react to the rising triangle low yesterday. As a result, we have a sideways range between 1659 and 1680. The market remains in a…Read More

My downside target of 30520 was hit yesterday. Then the stocks started rallying in earnest even though the treasury yields are at similar levels to 2011. I said yesterday that…Read More

Nasdaq and DAX traded lower on Friday as the FedEx warning triggered a fear reaction in investors. The stock (FDX -21.40%) dropped the most ever in one day. The concern…Read More

Almost a 2% drop in gold overnight is pretty big. This is what we saw yesterday as the bulls decided to throw in the towel and didn’t defend the support…Read More

It’s the largest market in the world and a driver of the global economy. Without it, trade worldwide would come to a stop. That’s the power of the forex market,…Read More

Gold – Relative strength in the dollar pushed gold down to 1691 after it failed to break decisively above 1705. This is what I expected yesterday (see here). I trust…Read More

Massive drops in US equity indices wiped away four days of gains as the US inflation report showed the annual core inflation jumped from 5.9% to 6.3% (6.2% expected). This…Read More

DAX – Yesterday was another very strong day for the German stock market. Readers might remember me suggesting the market would rally if the ECB hiked by 0.75bp or less.…Read More