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Chinese consumer credit binge begins
Written on 15 Apr, 2010 at 10:43 in Forex | viewed 88 times | 0 Comments
Apr.15.2010 We’ve just seen Chinese GDP rise 11.9 per cent in Q1. And urban house prices increased 11.7 per cent in March. And retail sales are up 17 per cent. So here’s another dramatic Chinese statistic to throw into the mix, courtesy of First China Invest: After the government succeeded in sustaining fixed asset investment, [...]... (Continue reading)
Morning Briefing for March 31st: Shifting Lower
Written on 31 Mar, 2010 at 23:11 in Forex | viewed 75 times | 0 Comments
Mar.31.2010 9:13 AM CT – I added the top chart to show how we made fresh morning lows before 9 AM CT, but those lows were accompanied by relatively modest negative TICK readings and a non-confirmation from the Russell 2000 stocks. Seeing the divergence, I bought some IWM and rode a pop higher toward the [...]... (Continue reading)
Defining Effective Price Targets With the Previous Day’s Data
Written on 31 Mar, 2010 at 23:08 in Stock market | viewed 64 times | 0 Comments
Mar.31.2010 In my recent post, I emphasized that every trade idea that includes risk and reward necessarily makes assumptions about both market direction and volatility. Traders encounter problems when they are right about market direction, but either underestimate volatility (and leave potential profits on the table) or overestimate it (and see winning trades reverse on [...]... (Continue reading)
Credit Markets Are Stabilized
Written on 23 Mar, 2010 at 23:11 in Forex | viewed 78 times | 0 Comments
Mar.23.2010 The liquid, high grade corporate bond market has done well. While it broke the uptrend (A) it has moved in a sideways consolidation pattern for the last six months. There are two lines of support B and C. The junk bond market is in the same boat. While it has broken the uptreands of [...]... (Continue reading)
Retail sales according to the Confederation of British industrialists worse than forecasts for March
Written on 23 Mar, 2010 at 23:08 in Featured Article | viewed 72 times | 0 Comments
Mar.23.2010 According to the British Confederation of Industrialists (CBI), the balance of total retail sales (Retail sales volume balance) was 13% in March. This is below the projected level of 18% and 23% of the February values. Projected CBI, in April, the balance of total retail sales will reach 14%. Wholesale sales fell sharply in [...]... (Continue reading)
Market Mondays
Written on 22 Mar, 2010 at 16:41 in Stock market | viewed 63 times | 0 Comments
Mar.22.2010 A.) This is a sharp uptrend. As such, it won’t last long as trends this sharp never last that long. B.) This is a very important line of support as it is the high of the last 6 months. Also note that along the way, prices have moved through important areas of resistance which [...]... (Continue reading)
One Reason That Traders Overtrade
Written on 18 Mar, 2010 at 23:31 in Stock market | viewed 48 times | 0 Comments
Mar.18.2010 So far, we’re trading in a seven point trading range today. My earlier posts today have highlighted some trading ideas derived from the range day structure; a nimble trader had a few opportunities to buy below VWAP and sell above. Given the narrow range, however, each trade has only been good for a relatively [...]... (Continue reading)
Retail FX hustlers await their fate
Written on 18 Mar, 2010 at 23:19 in Featured Article | viewed 80 times | 0 Comments
Mar.18.2010 On Monday, the CFTC will issue its decision on leverage caps in the forex punting business. It’s a make or break moment for all those firms that offer margin trading to those wanting to play currency pairs. After a shockingly long period of regulatory inaction, the CFTC suddenly popped up two months ago and [...]... (Continue reading)
TSTC coiling for a big move
Written on 11 Mar, 2010 at 23:28 in Stock market | viewed 57 times | 0 Comments
Mar.11.2010 Telestone Technologies Corporation (Public, NASDAQ:TSTC) has been an incredible performer over the past year, rallying from under $1.00 a share to almost $25 in a steady climb. It finally succumbed to some selling pressure in January and began to correct the large rally. It has been consolidating since then and is starting to form [...]... (Continue reading)
The FSA says now is not the time for (bank) bondage
Written on 10 Mar, 2010 at 15:44 in Stock market | viewed 109 times | 0 Comments
Mar.10.2010 Here’s something we missed on Monday: the FSA’s liquidity bondage for banks is no longer — or at least, it’s not for a while. As the UK financial regulator announced on Monday: The Financial Services Authority (FSA) published its enhanced liquidity regime in October 2009. This introduced both tougher qualitative and quantitative standards for firms. [...]... (Continue reading)
