Breakouts

Good Afternoon,

The fundamentals keep on keeping on. See weekly claims for a dose of supportive data.

Technically, we have the SPX just below that all time high print of 1575. The question now seems to be how far will it go through it before retracing? Speaking of retracements, I will talk about those in tonight's IBFX webinar.

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

Remember how yesterday's post was about the EUR/GBP up at the resistance level. Can you buy the EUR now?

I will review Retracements in tonight's IBFX webinar.

Happy Trading and Be Environmentally Cool

Coach Brian

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

I will review Retracements in tomorrow night's IBFX webinar.

Happy Trading and Be Environmentally Cool

Coach Brian

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,

The fundamental picture keeps on improving. Retail sales came in well above expectations. As I said earlier this week, if fundamentals come in as epected or better than expected, it should further support the equity rally. One "major" data set tomorrow in the form of claims. They should be flat to maybe a bit softer, but still trending in the right direction.

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,

The big news is the SPX just below all time highs. It seems inevitable it will test and then make new highs as the Fed stimulus continues to have its effect on keeping the bulls in play and the bears at bay. Hey, that rhymes! That should be on CNBC! Let's say it again: The Fed stimulus keep the bulls in play and the bears at bay!

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

See you Thursday for the IBFX "Retracements" Webinar!

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

I am looking forward to next week's IBFX Webinar which will deal with retracements.

Happy Trading and Be Environmentally Cool

Coach Brian

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 have been searching for the inter-market relationship and I found it. It was the OPPOSITE of what it had been in the past, but yet, so obvious!

First up though, the increasingly positive fundamental picture - see weekly claims today. And funny enough, you haven't heard a word about the unemployment report tomorrow as all the talk is about record highs in the DOW. As with all other "micro" economic data, I expect a downside surprise to do absolutely nothing and a good report/upside surprise to get SPX to the 1550 level.

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,

All time highs. Was there ever a doubt? Remember, we still have the SPX (which is chock full) of companies that are savvy, lean and performing well just below its all time highs. So another 50 points in the SPX gets you another 300-500 points in the DJI, which is well over 14,500.

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

I am looking forward to next week's IBFX Webinar which will deal with Retracements.

Coach Brian

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.