According to Wall St. Journal this year has been the worst for buying the dips in the US stock markets since the 1930s. The S&P 500 is down 22% for…Read More

GBP is recovering a bit after the currency plummeted almost to parity (1.0360) with the dollar. GBPUSD dropped to the lowest levels since 1971 decimalisation after the UK Chancellor announced…Read More

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