Tag Archives: Member Only

Opportunity or Something Else?

Last Friday the entire world woke up to the news that the US killed a top Iranian military commander in airstrike in Iraq.  The futures fell hard initially overnight, but recovered half of the loss by the time the market opened on Friday morning.  The market chopped around on Friday without significant selling pressure. 

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2020 Outlook

2019 finished with a great bang!  The President achieved his goal of lower interest rate in 2019.  At the height of the stressful time of the trade war negotiation, the Fed stepped in to lower interest rate three times in 2019.  Now the Fed will stay on the sidelines unless inflation picks up.  The phase one trade war deal is in the

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Happy Holidays!

The stock market was a quiet melt up last week.  Last Friday all three indices made new highs and had the heaviest volume (more than 65% over 50-day volume average) since the early October low.  This could be a climax top because the ultimate top might occur on the heaviest volume day since the beginning of the advance. 

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Be Aware of a Blow Off Top

Last week all three indices had a mild selloff, which touched the previous breakout line but quickly closed above the breakout line.  Despite the scary new development about the pending trade war phase one deal, the price action has been resilient.  It’s impossible to predict what the December 15th White House tariff decision would be, but the price action predicts that the most likely outcome is no additional tariff to be put on December 15th, everyone will have a merry Christmas.

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Caution!

On the Eve of Thanksgiving holiday, the Trump administration announced the signage of the much waited Pro-Hong Kong bills.  Because Thanksgiving is such an important national holiday, many market participants were away from the market, the market reaction to the news has been muted.  It has been observed

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