Another fantastic week of trading comes to a close.
An epic close at that, as U.S equities continue their relentless climb higher – higher indeed, to the absolute highest level ever. EVER!
THE U.S EQUITIES MARKET HAS REACHED IT’S HIGHEST LEVEL IN THE ENTIRE EXISTENCE OF MAN.
I applaud the U.S Federal Reserve for their achievement. Bravo! You’ve done it.
You’ve successfully devised a system, “where in” you and your cronies eat lobster and fillet mignon for breakfast lunch and dinner, every day of your lives – while passing the bill on over to the waiter, bartender and busboy ( frantically scrambling for any “scraps” they can tuck away in their gym bags) leaving pennies for a tip.
Bravo! Bravo! Everything is coming together perfectly – exactly to plan.
This chart on U.S Macro Data…………again.
How come I keep killing it with generally “bearish stock market calls” and “100% bearish currency movements”?
This thing is being sold on a level you’ve no possible comprehension of.
No “possible” comprehension of.
Have a good weekend all. Buy buy buy!
In terms of sentiment charts the SPX is looking pretty much like it is in the “returning of confidence” or “enthusiasm” stage….not so good for buying into.
The entire business cycle sits a “stones throw away” from complete and total euphoric bliss….
that being a “Fed induced” stones throw away…..
I’ve been on the other side of the mountain for months now and have been knocking it outta the park….
This thing is being “sold” hard.
The time has come. The patience may finally pay off. Yen shorts are the highest since 2007!
See the following from EFX:
“Speculative accounts had a net yen short of -112,216 contracts as of Nov. 19, which compared to last week’s net yen short of -95,107 contracts and the net short of -99,769 contracts, seen May 28. This is the first time that net yen shorts have been larger than 100,000 contracts since July 2007.”
Okay, so what happened at the end of May? Well, USD/JPY was over 102 and pierced 94 by mid-June!
Something to consider as this has the potential to be a whopper of a trades to cap the year off with.
Also, it’s fun to point out the USD/JPY was over 120 in July of 2007; this was right before it started it’s multi-year downtrend into the 70s in 2012… scary indeed!
It’s the only piece of the puzzle missing David.
I am “a hair” away from getting long JPY, and indeed – getting some Xmas presents early!
Evening. Just been looking at the top 100 forex bloggers of 2013. Amusingly you’re not on the list. Hope you’ll be able to sleep knowing that. Obviously “consistently profitable” wasn’t in the criteria but being able to analyse last wks charts was. My cat saw the fib bounce at blah blah blah on Thursday. I must hold spot on future market analysis too highly. Have a good wknd.
Thanks for the “heads up” Andrew….and I’m not “exactly sure” but…I think there’s a compliment in there somewhere as well.
It’s funny really…..I check up on the “forex space” in general – and find a slew of domains that have been in existance since like…..2006 etc…
It’s a numbers game, and I’m the new guy on the block.
Let’s check the list again in 2020.
Kong! what’s your take on the PBOC’s announcement last week? if you covered it elsewhere could you please direct me to it? thanks in advance!