Last week was important for the macro outlook with the ECB backing away from Balance Sheet reduction and instead maintaining very loose monetary policy. This resulted in a spike down in the Euro as Bunds rallied and the EU-US spreads tightened. We now have the BOJ and ECB confirming a dovish outlook with the FOMC […]

Summary observations: - a big week for bonds to see if TLT can bounce off its 200 day sma and hammer out a near term low - USDJPY breaking above 114.50-115.00 will likely signify an acceleration lower in Bonds and PM's - ES has enough waves in place to complete its impulsive rally - no […]

Important Note: This week I will be travelling and visiting family. I will still be available for questions but responses may be delayed. Apologies in advance. Last week we had good follow through on the turn we identified in the Bond, PM and Yen complex. Equities continued to grind higher with no signs of a […]

The global equity bull market continued higher last week as expected with the Nasdaq Indices finally confirming the recent highs of the majors. Late last week we were looking for a spike low to be formed in the Bond, PM and Yen complex. Friday's NFP provided a hammer low in an important support zone which […]

This week, I've decided to step back for a quarterly review of where the markets are at from a bigger picture perspective and focus on the next opportunities. - equity market rallies are extended and should be completing wave (3) - VIX shorts hit record ATH's - Looking for confirmation of a bullish US$ turn […]