MidWeek Market Update Report – June 13th
- Posted by Bob Loukas
- On June 13, 2012
Mid Week Market Update Report - June 13th
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Weekend Report – June 9th
- Posted by Bob Loukas
- On June 9, 2012
Although the world economy remains in the doldrums, where it will surely continue to just get much worse, the equity markets appear to have found a temporary floor and are ready to counter rally. There is no way this bull is going to hand the market over to the bears so easily. This week was the best performing of the year and has cleanly broken the prior DC trend-line.
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Mid Week Update Report – June 6th
- Posted by Bob Loukas
- On June 6, 2012
Little of substance to report on the Dollar front, except to say that it finally broke its well established trend-line today. As the break has occurred on Day 25 of the Cycle, it guarantees that this is the move down to a DCL. The Cycle is essentially progressing as per the weekend report
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The Herd Has Been Rattled – June 2nd
- Posted by Bob Loukas
- On June 2, 2012
If there was any lingering doubt of a coming recession, they were all diminished this week. The May payroll numbers came in at just 69k while April was revised down to 77k. This level of growth is beyond stall speed and is indicative of a contracting economy. The latest batch of economic statistics indicates an economy that is slowing down significantly.
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Midweek Market Update – May 30th
- Posted by Bob Loukas
- On May 30, 2012
I know many members are "itching" for some trades, believe me I want to trade too. But I won’t ever trade simply for the sake of action, I trade only when I believe I have an edge and better than an even chance of succeeding. I've worked way too hard for my money and experienced firsthand the dangers of trading to have my money risked on sub-par and ill-conceived trading strategies. As you mature and gain experience as an investor/trader you begin to appreciate and value your money too much. Real wealth is obtained through discipline and long term performance.
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Weekend Report – May 26th
- Posted by Bob Loukas
- On May 26, 2012
The best confirmation of our framework is actually coming from the miners. In spite of a Dollar headwind and an Equity market in decline, the miners have managed to continue their move higher out of their recent channel breakout. The technical oscillators have all turned bullish, and if we can find some momentum with the gold spot price along with some strength in the equity markets, we should see a sizable rally unfold within very short order.
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