A long term oscillator, known as the Coppock Curve, points towards weakness in the Dollar. Figure 1 is a monthly chart of the Dollar Index (symbol: $DXY) with the Coppock Curve in the lower panel. The Coppock Curve is currently trading above the upper trading band that looks for statistically significant extreme readings over the [...]
Some of the more popular charts across a variety of markets. These are weekly charts. The black and red dots are key pivot points, which represent the best areas of support (buying) and resistance (selling).
I last wrote about the Dollar on January 20, 2012 when I stated: “This week, I am going to say that the bull trend in the Dollar is “definitely” over. I am basing this observation on the fact that we are starting to see a clustering of negative divergence price bars. This doesn’t necessarily mean [...]
There have been a lot of changes in the trading models over the past 2 weeks, but the basic tenor from this perspective is that hard assets should outperform paper assets.
This is our monthly review of our trading models or those tools that help us navigate the markets. In the equity markets, our model has turned bullish. To start the year, the model was bearish, and the basis for this was the lack of bearish sentiment in the market. No bears means no short covering, [...]
Last week it was “likely” over. This week, I am going to say that the bull trend in the Dollar is “definitely” over. I am basing this observation on the fact that we are starting to see a clustering of negative divergence price bars. This doesn’t necessarily mean a top and a reversal, but it [...]
It is over before it even got started. The upthrust in the Dollar that started about 6 months ago near the all time lows is in all likelihood over. It was short, but it is over. At best, the Dollar will consolidate its recent gains, but more likely, I would assume that it is going [...]
There is no question that the Dollar Index is in an uptrend, and as stated in this article, this has not been good for equities over the past 10 years. So equity bulls be careful.
This is our monthly review of our trading models or those tools that help me navigate the markets.
About 1 month ago, I presented my Dollar trading model. This is a simple strategy, utilizing monthly charts of the Dollar Index. The entry signal is on a monthly close greater than its simple 10 month moving average. My sell signal is the presence of a negative divergence between price and an oscillator that measures [...]
Before the month gets away from me, I thought now would be a good time to review our trading models.
Figure 1 shows a weekly chart of the SP500. The price bars marked in red are those times when our Dollar model (see this article) suggests an upward trend in the greenback.
Figure 1 shows a weekly chart of gold (cash data). The price bars marked in red are those times when our Dollar model (see this article) suggests an upward trend in the greenback.
Why October, 2011 isn’t August, 2010
I often get the feeling that traders and investors have put too great a trust in the monetary magic of the Federal Reserve.