Last week: The dominant market activity last week surrounded meme stocks, those where interest and price action is driven more by social rather than fundamental forces. The market disruption caused by this social media drived assault on select stocks unnerved investors and resulted in bearish weekly candles for the US stock index majors of the S&P500, […]

Last week: It was another relatively quiet week for trend line breakouts and this was likely due to the distraction surrounding the Inauguration of the new US President. The markets seem to have welcomed this transition though as the S&P500, NASDAQ and Russel-2000 closed at new all-time Highs. The Emerging Markets ETF (EEM), Copper and […]

Last week: There were no trend line breakout trades of any substance last week and the raft of indecision-style weekly candles that were just printed would help to explain this. The uncertainty surrounding recent US political events (Capitol riots and the US President Impeachment) clearly impacted market sentiment last week. This week brings the US […]

Last week: The markets were clearly forward-looking and not phased by the terrible events that played out at the US Capitol building last week. Neither this, nor the dire situation with US Covid-related deaths passing 4,000 in one day, halted the risk-on moves. The four major US stock indices, the S&P500, NASDAQ, DJIA and Russell-2000, closed […]

Last week: Welcome to the first review for 2021 and I’ll start by wishing everyone a safe and happy new year. I had thought the last week of the 2020 trading year might be relatively quiet but there ended up being a few trend line breakouts stemming from US$ weakness. There was also the continued melt-up […]