Last week's update focused on the implications of Brexit and I warned readers of downside risks and to lighten positions due to an expected spike in volatility... and so it goes. The ES fell 120 pts in 24 hrs, the European and Asian stock markets fell 8+% and the GBPUSD reversed lower in a 10 […]

The markets are setting up for Binary Brexit move. I am lightening positions ahead of a very important market event. While we can all try to be heroes and anticipate major market events, unless you have an edge you are merely gambling. I want to dedicate this update to scenario planning for the Brexit vote so […]

Last week's update focused on the topping patterns in global equity markets with the expectations of a bearish reversal. Late last week I tweeted that the ES_F 2116.50 upside measured target had been met (within 3pts of week's high) and the bearish intraday H&S setup which followed through to the downside nicely. We can't call major swing highs […]

US equity markets continue their topping process while European and Asian markets have turned down while Bond markets continue to rally as expected and the US$ reversed lower as warned about in last week's update. Commodities and in particular precious metals rallied following the sharp decline in the US$. None of this was unexpected. This week kicks […]