The following chart shows an inverse head and shoulders breakout in the S&P. Given that currencies like to trail equities, this suggests that we could see further gains in the EUR/USD and maybe even USD/JPY.

Posted in Forex Technicals, S&P, Stock Market, forex blog No Comments »

Here’s an interesting chart from Nomura’s Technical Strategist showing how there seems to be a nearly a perfect 14 session cycle between peaks. It looks to me like some of the peaks are VERY short-lived but nonetheless it is an interesting chart with a pattern that’s worth keeping in mind because it suggests that [...]

Posted in S&P, Stock Market, forex blog 4 Comments »

With the Dow Jones Industrial Average hitting 5 year lows today, the burning question on everyone’s mind is, how far can stocks fall.
This is a perfect time to republish a post that I wrote in the middle of October titled DJIA: Does the Past Offer Hope?
Here is a very interesting chart published by [...]

Posted in Dow, Forex, Forex News, Forex Technicals, Stock Market, US Dollar, euro, forex blog, usd/jpy 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 07:49 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Jobless Claims Breach 400k
Bernanke Says Recession May be near
US Slowdown Takes Toll Across the Globe
US Factory Orders Fall for Second Month in a Row
Credit Crisis [...]

Posted in Bernanke, Bloomberg, British Pound, Euro Intervention, FX Radio, Federal Reserve, Forex Podcast, Inflation, Japanese Yen, Reserve Bank of Australia, Stock Market, Trichet, US Dollar, US Economy, Wall Street Journal, euro, non-farm payrolls, payrolls, recession No Comments »

US stocks have fallen over 7 percent since the beginning of the year. For US traders, investors and anyone with a 401k, this certainly feels like a bear market.
However, the performance of US stocks isn’t nearly as bad as the performance of equities in many other countries around the world. According [...]

Posted in Stock Market, Wall Street Journal No Comments »