CLICK ON CHART TO ENLARGE On 1/17, Standard & Poors down graded European debt and the “Power of the Pattern” was suggesting this could be good for Europe and the Euro in the short-term. (see post here) At the same time the U.S. Dollar was forming a bearish rising wedge up against resistance, suggesting a two-thirds [...]
Shared the chart below with Premium Members 8 days ago, reflecting another “Bullish Falling wedge” has been created by the Euro and traders have established one of the largest short positions in years (lower left hand chart) CLICK ON CHART TO ENLARGE Falling wedges suggest higher prices are ahead two-thirds of the time. If the wedges [...]
CLICK ON CHART TO ENLARGE Last August much of the talk was about the potential downgrade by S&P of U.S. Government debt and how it would push bond prices a good deal lower. In the short-term did the downgrade push the long bond lower or higher? The above chart reflects a 10 point rally in [...]
CLICK ON THE CHART TO ENLARGE Following the lead of “Commercial Hedgers” doesn’t provide the Holy Grail of investment signals, yet doing so over the past 3 years would have been a profitable idea. Since 2008, following the lead of this group has been of benefit per playing the Euro and the S&P 500 as [...]
CLICK ON CHART TO ENLARGE The Euro looks to have found key Fibonacci and channel resistance at (1) as it has created a series of “lower highs.” How it reacts to this resistance will tell us a ton about the future of the risk trade! Last Friday it appeared that TLT was approaching support after [...]
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