Big Picture: Before we get into the market commentary, let me just say that I love McDonald’s. Not the stock, the institution. I’m away from home this weekend and have been struggling all morning to find reliable internet. The search for reliable internet at 5:30 am on a Saturday led me to McDonalds. Now I […]
Big Picture: Good morning everyone (well, everyone in the US anyway). Last week I mentioned that I thought the tides might be changing. This week we saw a continuation of last weeks move in both Bonds and Gold and it appears as though the downtrend in those markets has slowed. I think what we’re seeing […]
Big Picture: The tides might be changing. Stocks were up a little bit this week, but both Bonds and Gold ended with big moves higher. It looks a slowing in the downward trend might be taking place in those markets. Despite being short Bonds and Gold, all of my options positions are still positive. […]
Big Picture: Happy New Year and thanks for reading the weekly recap. This week was fairly quiet with the exception of Gold, which was up 2% on the week. Stocks saw a little bit of a pullback and Bonds are sitting essentially unchanged. I had some trades triggered in the Donchian Channel system and that […]
Big Picture: Happy Holidays and thanks for reading the weekly recap. As expected, we had a fairly quiet week with the Christmas holiday. Stocks generally pushed higher while Gold and Bonds moved lower. I’m including some commentary on a shorter timeframe for the Russell 2000 and Gold below (65 minute bars). Let me know if […]
Big Picture: The big news event of the week was the Fed announcement to do whatever it is that the Fed does. Create inflation so they have something to lie about? Going into the FOMC announcement stocks looked weak and gold looked like it wanted to firm up, but the exact opposite was the outcome. […]