No Chinese Support for Wynn Resorts and No Prop for Sinosteel

“Earlier this month, it is reported in the local Macau media that the Director delays to Macau and mainland China that the central government is going to help support Macau’s economy. And these comments followed similar statements from Macau’s Chief Executive last month. I think no real specifics were given. So my question to you … Read more

T2108 Update (October 8, 2015) – The S&P 500 Continues A Strong Run Toward Overbought Conditions

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

Australian Dollar Healthcheck: An Extended Period of Weakness Remains Ahead

(This is an excerpt from an article I originally published on Seeking Alpha on October 1, 2015. Click here to read the entire piece.) {snip} RBA Governor Glenn Stevens found a clever way to imply that the decline in the Australian dollar (FXA) still has a ways to go. First, he implied that the terms … Read more

An Anti-Climactic Fed Meeting On the Path of Policy Normalization

(This is an excerpt from an article I originally published on Seeking Alpha on September 18, 2015. Click here to read the entire piece.) If you have followed the CME Group 30-Day Fed Fund futures prices, today’s decision by the Federal Reserve to leave interest rates unchanged did not surprise you. You may have even … Read more

T2108 Update (September 17, 2015) – The Fed Helps Bring the Market Closer to A Major Breakout

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more