The chart below shows the relative strength of stocks versus long-term US Treasuries over the last year. When the line is rising, it indicates that stocks are outperfoming Treasuries and vice versa. While equities have outperformed Treasuries over the last year, the peak point of relative strength actually came back in early February. Since then the relative strength chart has been making a series of lower highs and is showing signs of rolling over. It is often said that the equity market tends to discount events six months out into the future, and if that is the case, then the equity market began to start pricing in the end of QE2 right on schedule.
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Hi
Its been a while since the last post. SORRY! It was caused by the disruption of a new bathroom and a ton of new video / computer equipment that I still have to get my head around
I am away for a few days to look at Arrrh! another house towards the top of the South Island (A wee bit warmer up there) and then when I get back I will be cracking on with some more video training.
Here is a video that looks at making sure your trading decision has a good foundation. Have a great day
GBP/USD Leans Toward Further Overall Decline Despite Rebound
GBP/USD as of Tuesday has dropped down to hit a key 38.2% Fibonacci retracement and also approached its 1.5750 downside support target, before making a significant rebound. This occurs after a couple of weeks of sideways consolidation around 1.6000 that followed on the heels of a bullish trendline breakdown. For P/USD forex technical analysis, please click here.
Director of Technical Research and Education
FXDD
Daily Forex Analysis – July 13, 2011
USDCHF Analysis. USDCHF is facing 0.8275 previous low support, a breakdown below this level will indicate that the longer term downtrend from 0.9774 has resumed, then further fall towards 0.8000 could be seen. Initial resistance is at 0.8400, above this level will indicate that lengthier consolidation of the downtrend is underway, and delay the resumption of downtrend.
EURUSD Analysis. EURUSD broke below 1.3969 support and reached as low as 1.3837. Now the pair is forming a cycle bottom on 4-hour chart.
Take profit SILVER at sure peak at 39.20
july 14, 2011
thursday,
10.00gmt
we made very well in long silver and gold spot, now time to take 95% of our profit in them
take profit silver at 39.22 since we had long from 36.70
take profit gold at 1593 or 1598 since we hade long from 1550
I think silver can go up or down for now 50/50, then take all of our profit in silver first