The news that dominated the trading day yesterday was the central bank coordinated action headline from Reuters. It was an otherwise quiet overnight session, with Asia and Europe following the U.S. rally higher. As usual, …
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Welcome readers to the new Macro Wrap. We’re moving the Chart of the Day piece to the middle of the day so I can make it even better for you, not rushing it out in …
Continue readingThe S&P 500 graph might be the most watched single chart in the world. For a foreign investor, however, maybe the more appropriate chart is to look at the market in their local currency. Put …
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While I read endless reports about the next remarks from insert European politician here, few people are mentioning the steady drip of reports of Chinese weakness. China is the 2nd largest economy in the world, …
Continue readingYesterday’s intraday reversal higher was a very high probability event, far before any news headlines about Europe hit the tape. It was the rare event where almost all of my intraday signals line up to …
Continue readingWith the market battling for support over the last few days, I decided this morning to take a look at the market’s leader, its renaissance king, the ever-controversial AAPL. Given AAPL’s persistent strength this year, …
Continue readingMy first job on a trading desk was as an intern in the currency trading group (foreign exchange in industry parlance). Before the terminology of “risk-on” or “risk-off” was common knowledge, the currency traders taught …
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Today’s chart presents one of the best signals I know for following broad shifts in institutional investor asset allocation. Are the big boys getting offensive or defensive? Striding confidently or taking shelter? In other words, …
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With rates perking up, inflation entering the investor lexicon again, and the Fed & Co. potentially forced on hold as a result, we took a look at the UUP ETF options to see if there …
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With the SPX up 9.25% ytd off to its best start in 15 yrs, I think it could make sense to look for cheap ways to protect against a potential pull back in the market. …
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