14 Mar 2024 @ 13:31
The FTSE 100, a key indicator of the UK’s largest companies, has been a point of concern for investors lately. The primary culprit? Its lack of exposure to the booming tech sector. Across the pond, the S&P 500 in the US has been on a tear, fueled by the strong performance of tech giants. These […]
19 Jan 2024 @ 12:00
The British pound finds itself in a tug-of-war, caught between rising inflation and a weakening economy, making its future path murky. Inflation, the beast currently plaguing the UK, could strengthen the pound by prompting the Bank of England to raise interest rates, attracting investors seeking higher returns. Annual inflation rate in the UK unexpectedly rose […]
28 Oct 2022 @ 13:09
The new UK government gave a boost to sterling, GBP/USD rallied to the main resistance line on the chart below. This followed a steep decline when the budget was announced in September. Markets don’t move in a straight line but they tend to folow the same path. The path for GBP/USD is down, I believe […]
17 Feb 2022 @ 11:43
The stock market has been a one way bet for many years, it has been easy to make money but the good time is coming to an end. Stocks are about to underperform other assets. There is a limit to the rate of ascent, when a market goes up constantly the market becomes disconnected from […]
27 Jan 2022 @ 12:24
I thought it was too early for the Fed to turn dovish, stock markets have been rising so much since 2020 that the Fed will use this opportunity to activate tapering and rate hikes. Fed members know that raising rates and stopping or reducing QE will have a negative impact on stocks, this action must […]
14 Oct 2021 @ 15:00
The US CPI numbers were more or less in line with expectations, that was a relief and markets rallied yesterday. If there is less inflation bond yields fall, stocks and gold rally. There was also a big jump in commodity prices despite the fact that the Fed will taper the amount of stimulus. After the […]
24 Jun 2021 @ 09:20
While last week decline in the FTSE 100 was a good start to push the 34-day BTI to neutral, the decline stopped and the 34-day BTI is still overbought (above 400). The 34-day BTI is a trend reversal indicator, when it is overbought (above 400) the odds of a trend reversal in the FTSE 100 […]
08 Apr 2021 @ 08:06
The FTSE 100 broke above the January high at 6903, this means the rally from last year low is still in progress and we now have five waves up. Yet a new high does not mean the start of a new bull market, here the new high is the fifth wave (wave E) of the […]
27 Nov 2020 @ 12:38
The FTSE 100 is still below its June high at 6512 but the S&P 500 is well above its June high. The S&P 500 has been outperforming the FTSE 100 for months but since the news of a vaccine the FTSE has outperformed the S&P. Many sectors in the FTSE 100 index are undervalued, as […]
11 Nov 2020 @ 11:52
Sentiment has turned bullish and we have two possible scenarios on the FTSE 100. Either the rally is wave C of a triangle inside wave (4) or it is wave C of a zigzag inside wave (4). The difference between the two wave counts is in the target. If it is a triangle the target […]