Last week: Fear is still the main driver of market action and note, again, how much of Saturday’s CNBC front page was devoted to this topic! Despite this, or perhaps because of, there were two great trend line breakout trades during the week that I hope you all caught: up to 250 pips with the […]

Last week: I had mentioned over recent weeks that we would need to wait and see the impact of Coronavirus on countries outside of China and last week proved to be a defining and pivotal week in this regard. The risk-off flows out of stocks and into the Yen were akin to the opening of […]

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 […]

Last week: There were some great trend-line breakout trade opportunities last week, all based on charts posted in my analysis, and so I hope you caught some of these moves! There were trend line breakout trades on: Oil for $2.20 (still going), Gold for $13, the SPX for 45 points, the Cable for 130 pips […]

Last week: Last week’s market update was published against a backdrop of risk-off sentiment and growing fear about Coronavirus. I had warned, though, that some obvious divergence pointed to the need for some caution and to be prepared for any quick turn around and that is what last week delivered, until Friday at least. The […]