Last week: The rise with US bond yields and the US$ continued to dominate market commentary last week and this kept pressure on US tech stocks with the NASDAQ under-performing other US stock indices for the week.The stronger US$ also hampered some commodities and commodity currencies and the Emerging markets ETF, EEM, also closed lower […]

Last week: I mentioned last week that technical signals were pointing to caution being needed and that proved to be spot on! The Bond rout, and commensurate rise with US Treasury yields, dominated the markets last week and triggered a risk-off shift with all four of the US stock index majors closing lower, so too […]

Last week: There were some great trend line breakouts opportunities last week and one of the best was the move on the GBP/JPY, off last week’s profiled 145.50 level, that gave up to 250 pips. I hope the FX traders caught a chunk of this! Some interesting divergence has now emerged and I consider that […]

Last week: There were no trend line breakouts of note last week and I suspect this might have been due to the continued range-bound nature of the US$ index and the looming US holiday long weekend and Lunar New Year holiday week. The S&P500, NASDAQ, Russel-2000 and DJIA all closed last week with bullish candles […]

Last week: The meme-stock inspired risk-off shift with stocks was rather short lived as the S&P500, NASDAQ, Russel-2000 and DJIA all closed last week with bullish candles and at new all time Highs. The VIX close with a large, bearish weekly candle BUT the recent candle pattern on the ‘fear index’ does suggest some caution […]