Breakouts

Past performance is not indicative of future results

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,

As I said on Sunday evening, it is a shame that the fiscal cliff is overshadowing the fundamentals because they have been getting better. See unemployment claims today, but there could be some seasonalities to it, so continue to monitor it. We have CHPM tomorrow, will it stay above the 50 contraction/expansion line? Also, we are only a week out from the December unemployment report - so a busy economic calendar over the next few trading days.

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,

All of the hubbaloo abou the fiscal cliff and the SPY is still just a few percentage points from its bull rung highs. Heading into the final 6 trading days of the year, I think we can all look back and thank our lucky stars as to how well the equity market performed. Think deeply about the headwinds we have overcome this calendar year.

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

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,

Basically, we are at the same place we were two days ago. We broke hard yesterday and rallied hard today - the risk in equities seems to be to the upside. If you are shorting this market, you better be doing in very good locations and be willing to take quick profits as the equity markets are rebounding and are acting with such a resilience that it doesn't seem like anything (fiscal cliff) can keep them down. 

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 tomorrow night for the IBFX Q4 Review/Q1 Preview 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.

Good Afternoon,

It has been since Sunday when I looked at the equity markets as oversold given the Fibonacci's/congestion area I centered in on in the charts posted that day. Before we get to technicals, lets review the fundamentals.

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.

Market Review of Tuesday: last night, due to impact of a substantial reduction in the U.S. third quarter Current Account, U.S. stocks continue to rise. Dow Jones, Nasdaq and the S&P rose 0.87%, 1.47% and 1.16% respectively. European stock markets were also affected and soared due to previous optimism about financial cliff. Regarding commodities, gold and silver fell sharply; gold fell below 1695 with the low dropping to 1661. Crude oil remains strong. In the currency market, the market sentiment was high. But the commodity currencies and European currencies obviously showed differentiation.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Market Review of Monday: European stock markets fell slightly, the three major U.S. stock indexes boosted by Obama's new fiscal cliff solutions, the sharp rise in the Dow Jones, Nasdaq and S&P rose 0.76%, 1.33% and 1.16% respectively. With respect to commodities, the trend of crude oil was impacted by the escalation of the situation in Syria; gold pulled back slightly upward; silver closed flat. For the foreign exchange market yesterday, the trend is slightly chaotic, with the risk currencies being collectively weaker. The Canadian dollar trend is still the weakest.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Good Evening,

Fundamentally, we have a busy week. In the USD, we have Empire State Manufacturing (look at new orders and employment) as well as claims, Philly Fed, and durable goods. On the central bank front, Draghi is speaking, the RBA is also on the docket and finally, the BOJ. As I mention in my webinars, keeping an eye on the central banks and the fundamental "news circus" is essential.

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.