One of the largest one day gains seen in the Nikkei with a rally of almost 7% on the day. Upon the open almost no trades were seen until the index was over 5% higher, comfortably taking out the 17k level again. However, the flip-side of this move was the JPY which traded from 101 […]

That was interesting! Obviously well trodden ground now but the DOW futures were around 800 points lower at the time the Asian cash markets closed. The Nikkei was down over 5% on the day and as result of market bouncing in early US trading the futures are up over 900 points (5.75%). The Yen traded […]

The Euro soared to 113 and then crashed and burned to the 109 level. The Dow exceeded yesterday’s high but has not penetrated the previous day’s low. Gold had its reaction up to 1340 and fell back under 1300. Let’s get this much straight. Our computer is NOT showing a major change in trend because […]

Well, the election that seemed to never end is finally coming to an end, but will it end today? This is very interesting to watch how biased the press has become and clearly they have lost all credibility. This election is the most dramatic I have ever seen in my lifetime. Normally, there is really […]

Markets were dominated by the overnight news that the FBI would be taking no action over the newly uncovered Hilary Clinton emails! As soon as the news broke we saw positive price action for most core indices (cash and futures) with a decent bounce in the US Dollar whilst last weeks safe-haven bids (precious metals […]

As Japan was on holidays Thursday it was today that the Nikkei cash market caught up with yesterdays futures decline. With the market still nervous surrounding the FBI’s investigations ahead of the US elections, coupled with todays release of the Non-Farms Payrolls prices were hit closing down 1.4% on the day way before numbers were […]

As we move into the elections and the polls narrow with Trump gaining, the power that be will try to push the US share market down to create the image that a Trump victory will be devastating just as they did in Britain. The number to watch in the Dow for today’s closing is 17713. […]

We have to understand that fundamentals mean nothing. How many times have we seen a market decline with good news and the explanation is flipped to say it was not “good enough”. Markets are driven by BELIEF, not fundamentals. The pound crashed because those in the financial sector believed their own nonsense and sold. The […]

As we continue to digest news that Trump may well be leading in some polls, the nervousness surrounding markets is apparent. However, that is the case for international markets where Asia saw the Nikkei and Hang Seng lower by around 1.5%, whilst the Shanghai lost just 0.6%. We even saw a rally in gold of […]

Crude rallied during October reaching the $52 level. Yet for the close, it crashed and burned on the last day to AVOID a buy signal at $49.35 level. We bounced off the first Downtrend Line, which now stands at $51.86 for November. This is what I mean about the hidden order within markets. This has […]