Last week: Christmas week resulted in some low-volume breakout trades and this was exacerbated with news of the post-Brexit trade deal and the continued wait for a US stimulus package. All four of the major US stock indices, the S&P500, NASDAQ, DJIA and Russell-2000, closed with bullish weekly candles and the small caps Russell-2000 continues […]

Last week: It was a rather slow week for trend line breakout trades. This wasn’t too surprising given all the indecision-style weekly candles printed in the previous week and as traders patiently waited for news about a US stimulus package and post-Brexit trade negotiations to guide their trading. All four of the major US stock […]

I am long on record as having a bullish bias on the AUD/USD; ever since it made a bullish breakout from a Descending Wedge back in Late June 2020. I have been asked to review the AUD/USD so this bullish bias needs to be understood within that context.

Last week: There were lots of indecision-style Spinning Top weekly candles printed last week as US stimulus talks failed and US Covid cases continued to climb. There have now been more deaths in 9 months due to Covid than in 4 years of WW11. All four of the major US stock indices tested new all-time […]

Last week: The four US stock index majors of the S&P500, DJIA, NASDAQ and Russell-2000 closed at new all-time Highs despite the weaker than expected US monthly payroll report and the growing number of US Covid infections. Other risk-sensitive assets such as Copper, the Emerging Markets EEM ETF, the ASX-200, the AUD/USD and NZD/USD all […]