Long Downside Wick…Dollar testing support

Long Downside Wick…Dollar testing support

Downside wicks usually take place at market lows or at support.¬† The chart below, highlighting several downside wicks and a bullish falling “PATTERN” was the reasons to go long the 5oo index on 9/1¬† (see post here). Click on Chart to Enlarge The S&P...
The Good, The Bad & The Ugly….U.S. Dollar

The Good, The Bad & The Ugly….U.S. Dollar

I have received numerous emails recently, asking questions¬†along this line….We have done very well of late, what could change the recent upward price action/trend?¬†¬† (Good, Bad & the Ugly soundtrack) A good friend often reminds me a “blizzard starts...
International Breakouts…

International Breakouts…

In the charts below, Emerging markets and the EAFE index are solidly above resistance.¬† Now by small margins the CAC-40, DAX and the FTSE-100 are pushing above key resistance. In the post titled “Global All the same Trend” (See post here) I highlighted how...
Shrinking Dollar has benefited what?

Shrinking Dollar has benefited what?

On June 14th I produced the chart below (see this post).¬† The Patterns suggested to….SHORT THE DOLLAR (due to a rising wedge and 90% Bulls) and LONG THE EURO (due to falling wedge and only 5% Bulls). The chart below and post¬† reflected¬†that extremes/turning...
Global…. “All the same trend!”

Global…. “All the same trend!”

Sir John Templeton always encouraged investors to diversify. In other words, don’t put… ¬†The premise is that you can/should find assets that act differently.¬† Is diversification that easy to accomplish in today’s world? Currently around the globe we...