Sep 17, 2011

European news dominated the markets last week. There were all sorts of headlines flying around, including surge of chance of Greek default, dry-up of interbank liquidity, Moody’s downgrade of French banks, Italy’s talk with China for bond buying, Eurobond. And markets have been using all sort of excuses to...

Sep 17, 2011

we’d continue to expect upside to be limited by 1.3972 resistance. Below 1.3703 minor support will flip bias back to the downside for retesting 1.3498 first. Break will confirm...

Sep 16, 2011

GBP/USD’s consolidation from 1.5706 is still in progress and intraday bias remains neutral. Stronger rebound would be seen to 4 hours 55 EMA (now at 1.5907) and above. But upside should be limited by 1.6082 cluster resistance (50% retracement of 1.6454 to 1.5706 at 1.6080) and bring fall resumption....

The U.S. Dollar continues to rest on support around 78.00 and it’s my opinion that today will establish whether the bulls or the bears win the battle for control at this major psychological level support. The move lower on the daily U.S. Dollar comes as the Dow Jones has risen to 12,000. The Dow remains in a mark-up trend while the U.S. Dollar is arguable in...

Jan 26, 2011

Last September, I put up an interview with David Tepper, who at the time was an unknown to me. Nonetheless, I found myself agreeing with most of what he said. Tepper explained that if the economy was recovering, then the markets would do fine. If the economy stalled, the Fed would step in and prop up markets. Heads I win, tails you lose- except in this case...