Evening all. It was one of those rare days in the markets when we saw a triple whammy of asset liquidating which goes beyond the normal risk-off correlations we get used to seeing. Here’s a little snapshot of of watchlist to illustrate what I talking about here: I don’t have […]
Analysis
23 posts
Evening all. The markets really are something else at the moment. Flash Crashes, Oil Wars, Market Circuit Breakers, Missile Tests, Pandemic Virus, you name it we got it! I closed 2 more of the index shorts today, one on $UK100 and one on $SPX500 to free up more capital and […]
Morning All. I wanted to write a post about why I started buying $DGRO and why I will buy more if this market weakness persists. The yield on 10 year US Treasuries just went below 1% recently and has been hitting new record lows over the last couple of days, […]
Morning all. Nice candle on Bitcoin yesterday finally took price away from the 200d moving average after 4-5 days of hovering around that area and looking quite indecisive as to which direction it wanted to move. I’m glad the 200d ma has held as it helps keep that Golden Cross […]
After nearly a year of waiting for $BA to crack under $300 following the 737-MAX disaster and grounding of all those planes, it finally did it with this move down into the $26x’s, but now it’s here the situation is more complex than the issue of the MAX and I […]
Just taking a look at $CCL $CCL.L after seeing it fall again, down another 12% today. Another of their ships, the Grand Princess, is potentially the site of a new COVID-19 outbreak following hot on the heels of the Diamond Princess which has only just faded from the news. https://www.theguardian.com/world/2020/mar/04/coronavirus-san-francisco-cruise-ship-grand-princess […]
Evening all. Time for another look at $BTC and this time I’ve moved up to the weekly chart. A few days ago the daily 50ma gave way and there was a rapid test of the 200 day ma. Both failed unfortunately and I feel that the bullish picture is now […]
Morning all. In the early hours of this morning China released PMI data for February and it does not make good reading. Manufacturing: 35.7 versus expected of 45.0 This is the lowest ever recorded for this indicator Non-Manufacturing 29.6 versus expected 51.0 Another record low number. A recording under 50 […]
https://www.reuters.com/article/us-china-health-disneyland/tokyo-disneyland-to-close-through-mid-march-on-coronavirus-concerns-idUSKCN20M09T Finally Disney cracked under $120 in yesterdays session, a level I wanted it to revisit after I took profits late last year around $138. I did miss the run up to the $150 area and at the time I thought the optimism around Disney+ was overpriced given it was […]
Morning all. I found another interesting chart, to add to my post from last night about the record set with the 10% correction. This one looks at all the market corrections since WWII, of which there has been 26, and calculate the average to be 13.7%. The $SPX500 here on […]