Another week of painfully low volume markets locally, and nothing but a slow sideways grind in the offshore world. This current environment continues to reinforce our bearish view. Markets are feeling a little like they are about to test some key support levels as the current short-term bullish trends have broken. Let’s look at some charts and get a feel for what to expect next week.
Short-term bullish trends have broken Read More
Markets started pulling back a little last week and we’re likely to see that momentum carry for a few more weeks. Next week is likely to be dominated by inflation and interest rates as focus on CPI and PPI reports could influence sentiment.
When good charts go bad Read More
Lat week did not go as expected. We’d thought that after the FOMC rate decision on Wednesday, that the market would come under some pressure. Instead, the market rallied its face off for two days and only showed some weakness on Friday. Granted, the Friday weakness has us feeling a little pessimistic going into next week, but it is tough to be a bear at the moment
It’s tough to be a bear Read More
Last week we saw a bit of a squeeze from most global markets while China takes a break for Lunar New Year. We expect much the same this week, although in the second half fortunes could change as U.S. data and the FOMC interest rate decision could turn the tide. So, to squeeze or not to squeeze… that is the question?
To squeeze or not to squeeze Read More
Trying to figure out if this bear market is about to end or not is proving rather difficult. There are signs that inflation has topped out and that Emerging Markets are leading disinflation. Odds are good that we will likely see a few more interest rate hikes, although not as aggressive as before, to give us the ‘higher for longer’ regime that has so clearly been communicated by central banks. On one side we think that the slowing easing inflation is a product of higher interest rates and global economies slowly grinding deeper into recession, while on the other side China is waking up and there can be no doubt that this is hugely positive for Emerging Markets and commodities prices in general. Will that reignite inflation, or will that merely push Emerging Markets to outperform Developed Markets as they capitalise on China waking up? Time will tell if this is truly the turning point or not, but odds are good that we are in for a strong short-squeezy kind of week.
Hello and welcome to 2023! We’re in for another interesting and intense year by the looks of things. We’ll get to putting together a full ‘expectations for the year ahead’ post in due course. For now though, we wanted to share some simple bigger picture trade ideas to kick off 2023 and shake off the cobwebs from not only our blog, but also our charting eye. We’ll get into the local market again over the weekend, but for now let’s get started with the larger markets. So, let’s get straight into it and see what the charts have to offer.
Some simple trade ideas to kick off 2023 Read More
I’ve been a little bearish of late. and well, I still am. Looking at how charts are playing out right now, it’s not looking good captain! In general though, a short update this week. The December feeling is creeping in… even though it’s a bearish one.
It’s not looking captain! Read More
Well, the end of the year approaches and markets find themselves at a rather pivotal point. The moment of truth is upon us, and we will soon learn whether or not the down trend is over, or here for another six months.
The end of the year nears, and it seems like Santa might not come this year. Historically, December is one of the strongest months on the calendar, but we think this year might be a little different.
Santa might not come this year Read More
Well, well, well… the world is once again laughing at bitcoin and I am once again advocating that it is time to buy bitcoin. Sadly, this week I do not have much time to write this as our wonderful power utility has made my life rather challenging this Sunday and it is already well past 9pm, so I encourage you to look through the previous posts I’ve done about bitcoin and crypto’s and have a read
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