I had warned last week that the US$ index looked like it might be undergoing a technically-based moved lower in spite of other flight to safety moves and this is what has evolved. Markets are roiling with Coronavirus but there are two clear technical patterns that have emerged on the FX Indices this week. Caution […]

Last week: Coronavirus fear resurfaced last week and this helped to trigger a good number of trend line breakout trades which I hear that some of you have been able to catch. The virus came back into focus late last week and this tipped the US major stock indices into negative territory; note how much […]

The US$ dipped on Friday and, whilst some are reporting this is due to weak US data, I suspect this is more of a technical reaction to the huge 100 whole-number level. The US$ has been on a rally for much of the last seven weeks so some pause or pullback might be in store, […]

One of my followers emailed me this morning asking if I could see a bullish-reversal Inverse H&S setting up on Silver. I can, sort of, but still see $20 as the stumbling block resistance to get past here.

Citigroup is back flirting near a resistance zone that is hasn’t made a monthly close above since before the 2008 Global Financial Crisis (GFC). This stock might be worth keeping in focus for any bullish breakout as there is a lot of potential ground to cover with any mean reversion activity.