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
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
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
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