I have been quiet for the past year because I have not thought much of the markets as a whole. I still don’t think highly of the global equities markets. Deflation looks to have finally appeared with the Chinese currency devaluation. Here is a link to my last article in July.
If you didn’t then you were probably depending on the media and the so called pundits on those channels as well as your long only investment advisors. Oddly enough Gold appears to have found a bottom since Morgan Stanley called for $800 gold a few weeks back.
Maybe it is time for the global equities markets to pay the price for Quantitative Easing! Congrats if you identified the topping formation around 18000 on the Dow Jones Futures daily charts!
I usually post a lot of charts but I think I am going to just go and enjoy my day!
Livesquawk and MTPredictor can help you regardless of the markets you trade or invest in. Charts and data courtesy of Ninjatrader and Kinetick. Also, eSignal specials are available for new subscribers. Contact me at 561-283-4282 for a live demonstration or read more about our trading solutions and try them out for a week by visiting their respective pages. If you are a user, supplier or producer of commodities or are responsible for a pension fund and are looking for an independent market strategist to help you to design a customized strategy for managing your exposure and risk in these markets then do not hesitate to contact me.
As always trade at your own risk and always use stops.