Category: Market Moment
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![The Trading Desk: Commodities and the Santa Claus Rally]()
The Trading Desk: Commodities and the Santa Claus Rally
Ah the last two weeks of 2023. The Christmas to New Years holiday trading tends to be quiet in terms of economic data and corporate press releases. Most institutional traders are on holidays. Retail traders have nothing better to do. Because of the lower liquidity, these few weeks tend to see either range bound price…
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![Dow Jones hits new record highs as Fed dot plot shows three rate cuts in 2024.]()
Dow Jones hits new record highs as Fed dot plot shows three rate cuts in 2024.
Recent price action on US stock markets indicated that investors were expecting a dovish Fed. In fact, we have already discussed the major shift in Fed Fund Futures probabilities being the factor in stock markets rising. Even with Powell indicating that the Fed will be pragmatic and more rate hikes may be needed, it seems…
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![Bitcoin to $50,000 by year end?]()
Bitcoin to $50,000 by year end?
Back on October 24th 2023, I laid out my technical analysis for Bitcoin and told the bulls that a major breakout had triggered. The breakout zone was the $31,000 zone and I expected upwards momentum while the price of Bitcoin remained above this price level. In that article, my next resistance zone came in at…
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![Gold rally faces a key test]()
Gold rally faces a key test
On October 3rd 2023, I published an article which caused some fright among metal bulls. I outlined how the technicals indicated that silver could go below $20 and gold below $1800. I outlined key technical levels which had been breached and thus led to sellers piling in. Here are the charts which I put up…
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![US retail sales blow expectations! What economic slowdown?]()
US retail sales blow expectations! What economic slowdown?
While many traders and investors wake up early on the West Coast to open charts of the stock markets, the very first markets I look at before my morning cup of coffee are the debt markets. Of course if you are a regular reader of my work then you know why I do this, and…
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![Billionaire hedge fund manager Paul Tudor Jones sees 12% stock market drop!]()
Billionaire hedge fund manager Paul Tudor Jones sees 12% stock market drop!
With the recent events in the middle east, many traders and investors were curious to see how stock markets would open. Maybe a surprise to some, but stock markets opened higher and are continuing their strength. Market risk has appeared to have disappeared with the Dow Jones up over 200 points on the day. To…
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![Silver below $20 and Gold below $1800?]()
Silver below $20 and Gold below $1800?
On September 19th 2023, I published an article titled “The moment of truth for silver!“. I really meant it. The price of silver was contained between two major trendlines and technical traders were waiting for the break. What got me worried was the fact that everyone’s favorite white precious metal had retraced hard after briefly…
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![Major technical reversal pattern close to triggering on stock markets post Federal Reserve!]()
Major technical reversal pattern close to triggering on stock markets post Federal Reserve!
“Interest rates will remain higher for longer”. This is what most analysts can agree upon after yesterday’s Federal Reserve conference. It was quite a strange one. Powell did not want to give concrete answers to questions regarding if the Fed is done with hikes. But we know that there is one more rate hike coming…
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![The moment of truth for silver!]()
The moment of truth for silver!
It is now make or break for silver. The precious metal was on fire in the second half of August seeing five days of continuous rally followed by a few more green days taking the price briefly over $25. This zone turned out to be resistance and silver prices have given up those gains. We…
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![Chip Designer Arm IPOs 10% over its debut price but questions arise on valuation]()
Chip Designer Arm IPOs 10% over its debut price but questions arise on valuation
Chip designer Arm (ARM:Nasdaq) launched its initial public offering today (September 14th 2023). The ARM IPO priced 95.5 million shares at $51 per share at a valuation of $54.5 billion on a fully diluted basis. This $51 was the high end of the expected range of $47-$51. Arm came out swinging. The open price was…
