Well, another very difficult week is behind us and to be honest we think there are many more difficult weeks ahead over the next few months. The realities of a global recession are starting to ‘hit home’ so to speak and global equity markets are not happy. Although we are seeing nothing but shorts in the shorter-term, we do think the most important message to get across in difficult times such as these is two-fold:
Markets bounced pretty hard last week on the back of an options-led squeeze, and it’s fairly likely that we see more of the same in the coming week.
Ok, ok, spring just started here in South Africa… but in the northern hemisphere winter is fast approaching and looking at all the charts, economic indicators and just general happenings in the conflict with Russia… let’s just say that things are looking pretty dire. Welcome to winter northern hemisphere, I hope you are ready for a cold one.
It is a confusing time to be involved in stock markets. On one hand we have rising stock prices and breaking down trends, while on the other hand (Darren) we see continued signs of economic slowdown in the U.S. This paints a confusing picture and honestly makes it difficult being a bear.
Although markets have rallied hard in the last few weeks, we are not convinced that we are out of the woods. How much more squeeze is left in this rally?
How much more squeeze? Read More
Investor sentiment is at almost historic lows. Most of the time it pays to be a contrarian, although sometimes is better to just be patient.
The markets got smashed last week and even managed to close the US session on the lows. Strangely, sentiment is not at an extreme and it seems that through all of this, retail investors and traders have been net buyers. To us, this sounds like more pain is on the way. So without too much pontification, let’s look at some charts and see what we can find (other than ‘look out below!’ signs nailed to pretty much everything).
It’s been a good while since we lasted posted a weekly game plan and we thought that the time had come to wipe the dust off our blog and get to sharing the weekly game plan again. On that note, the last time we posted we indicated that we preferred to stay on the side-lines, but now we find ourselves asking if it is still a time to be careful, or not time to get back into the market?
Still a time to be careful Read More
inflation narrative circulating at the moment, as well as the key indicators kind of being on a knifes edge and giving mixed signals… it is probably wise to say on the side-lines for now.
A busy schedule for us on this side, sto this week we offer only some brief thoughts and a handful of offshore trading ideas.
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