Over the weekend, People’s Bank of China cut banks’ reserve ratio requirement. This aggressive move reflects serious concern on the part of the Chinese government about the slowing economy. It is not news to investors that these days stocks often jump on intervention by central banks on worries about weak economy. Chinese action has stopped
After taking a close look at the prints today  – buyers came into the market taking me to long trade signals. Stocks climbed after unexpectedly weak monthly jobs data fueled speculation the Fed could postpone rate hike. The dollar pared losses to trade higher, while Treasuries dipped. Oil surged as investors reassessed impact of Iran
NASDAQ hit 5,000 after 15 years. In the short to medium-term, NASDAQ is very overbought and is likely to experience a correction, even a bear market. Such a dip will be a buying opportunity. The pattern of Chinese buying gold and Smart Money from the United States selling into the strength continues. Interest rates are
The markets were strong last week breaking through resistance lines and creating new highs. We saw the same pattern in the S&P 500, Russell 2000, and the Nasdaq which is a strong confirmation of the bullish move. Volatility has been confirming the move as it continues to drop, now resting in the mid-14s. Volatility is