Wkly Market Round-Up thru Oct 14th 2016; Who is in the driver’s seat?

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Oct 14th 2016; Who is in the driver’s seat?
Oct 152016
 

Hey Folks, I hope you are having a good weekend. We’ve seen volatility return to the markets for the past few weeks as price action has reflected more anxiety around a few key issues; Q3 Earnings, a Hard BREXIT, Looming FED Rate Hike and of course the US Presidential Elections! As we finished our second week in a row of down action the way we closed into the weekend as more favorable to the bears than the bulls. We saw a higher open run even higher on key US Bank Earnings from J P Morgan, Citi and Wells Fargo….but it was not enough to keep price levels higher as we moved throughout the day into the weekend. Get my take here on the markets.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Oct 7th 2016; Markets still in range bound mood!

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Oct 072016
 

Folks, I know many traders were expecting price action today to break out of a tight trading range but no such luck. Yes the markets were off a bit today but taking a wider view you can see the markets appear to be winding up for something bigger. Yes there is over a 65% chance of a FED rate hike at their December meeting, and the markets appear to be ok with that as long as Fed officials can keep their mouths shut (I know that is an almost impossible task!) and keep the odds of a “one and done” rate hike on the table. Should the markets anticipate more rate hikes to come in 2017 then the sell off will be more dramatic. For now, we have 3rd Qtr Earnings coming up and most analysts will be looking to see how both top and bottom line earnings come in. Keep in mind we’ve had 5 consecutive Qtrs of declining YoY earnings so an uplift here will clearly boost the chance for further upside action. And then of course we had the craziness in the British Pound in over night trading this early Friday morning. Get my take on the markets.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Sept 30th 2016; Markets on Edge

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Oct 012016
 

Hey Folks, with the end of the 3rd Quarter we’ve seen NASDAQ make a solid move to finish up 9.7%, and the S&P finish up 3.3% and the DOW bringing up the rear with a gain of 2.1%. We’ve seen September come to a volatile close. Now we are heading into earnings season with forecasts expected to be under whelming. And of course we have a few other things on our mind with a looming US Presidential Election, a possible FED rate hike and of course let’s not forget the banking issues across Europe. Here is my take on the current markets and price action.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Sep 23rd 2016: The Markets loved Aunt Bee’s Blueberry Pie!

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Sep 242016
 

Folks Aunt Bee, A.K.A. Janet Yellen, loved her freshly baked Blueberry Pie! It was very sweet and full of starch and calories! Just how the markets love it! But too much of a sweet thing; -in this case over 8 years, can wreck havoc when it comes time to get a physical check-up! We are currently in a market that is controlled globally by Central Banks. We all know how this musical dance will end; -very unpleasantly for those stuck without a chair to sit in when the last note is played! For our members, we will take a agnostic approach really not caring for bullish nor bearish action. We follow where prices want to go and take profits when the directional bias proves us correct. Following price action is a higher probability trade than trying to guess where price action will go, especially in these markets where we have days of “good news is bad news” type of thing…here is my current take on this past week’s price movement given the BoJ and the FOMC’s Policy Statements;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Sep 16th 2016; This is Aunt Bee’s Week!

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Sep 172016
 

Hey Folks, even though this week felt rather bearish, the actual numbers and price action gave us higher close than where we started. And we are clearly in a “Bad News” is “Good News” economic environment; –one in which I am sure you are all too familiar! Now it is the FOMC and Janet Yellen’s turn to offer up their prescription for what ails the markets…The markets currently price in around a 20% probability of a rate hike this coming Wednesday and a 50%+ chance of a rate hike before the end of this year. I believe her press statement will be most important because it will be here that she can send a signal to the markets of where the FEDs will go from here; Dovish vs Bearish statements will drive price action. Get my take on the current markets in my weekly round-up below:


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Sep 9 2016: What a kick-off!

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Sep 9 2016: What a kick-off!
Sep 112016
 

Hey Folks, I am now back in the US from my European Tour. I met a lot of great people and had fun as I always do when I visit folks all across Europe. Looking at the financial markets I have identified a few key price levels that we must closely watch as we approach and more thru the Bank of Japan and the FOMC Policy Statements coming up on Sept 20th and 21st. Will we continue our momentum to the downside from Friday’s large move lower, will volatility continue to move higher and what can we expect? You can get my take here in this week’s market round-up;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb