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…Czytaj więcej

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…Czytaj więcej

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…Czytaj więcej

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…Czytaj więcej

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…Czytaj więcej

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…Czytaj więcej

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…Czytaj więcej

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…Czytaj więcej

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.…Czytaj więcej

NAS – Nasdaq rallied to my first target level at 12550. I said on Friday I’d look for long trades above 12180 with my T1 at 12550 and T2 at…Czytaj więcej