Fibonacci

Good Morning,

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Fundamentals continue to improve. We had another better than expected weekly claims number. Next week's unemployment report should print pretty close to the 200k number. By next week, equities could be at new all time highs with they way the confidence the bulls are showing!

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

Quiet fundamentals aside from earnings. Speaking of earnings, we are about to get AAPL's earnings. Check out the small bounce off the trendline. I talked about this in the "AAPL Breakdown" post last week. But now what. Will this descending triangle act as new resistance? A perfect place for AAPL to be overbought again. But as you know, with earnings, it can be a crapshoot and you need to take extra market volatility into account.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Evening,

Here we are. Just below 1500. Only 5% off new all-time highs! So, will 1500 provide resistance? Will 1525, 1550 and then the old highs at 1575 provide resistance?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

My last post was on 01/16 and titled "SPX Can't Go Down". Now we are at the point of calling the article "SPX Can't Be Stopped". It seems likely that the "psychological barrier" of 1500 will be tested. It also seems that the 1500 area could be a place for the SPX to finally take a breather.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

If you can't go down.... That is the question. Are we topping out and about to roll over? Are we going to bust through the 1470 level in SPX.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

I know you are all waiting for me to give you an update on AAPL. Well believe me, I have one. But first, let's cover a busy, busy week of fundamentals. ASIDE from earnings, the economic calendar is full:

**Retail Sales - spending is up!

**PPI- no inflation anywhere, so a non-event

**Empire State Manufacturing Incex - expectations were for a rebound above Zero, but we didn't get it

**CPI - no inflation anywhere, so a non-event

**Philly Fed

**Claims

**U of M

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

To hedge or not to hedge. Looks like the hedgers are getting caught again as SPX is on the verge of another upside breakout. Claims were near the 375k area, but that mattered little as the bulls were in control again. Draghi from the ECB spoke positively about Europe as the ECB kept rates the same. The BOE also left rages unchanged. No data tomorrow as Earnings are on the horizon.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.