Category Archives: Other

31 May

Trump presidency mean for Mexico

I got this from Mauldin Economics. It’s quite to the point, and it highlights how little power the president of the US in reality has:

Mauldin Economics: What would a Trump presidency mean for Mexico?

George Friedman: Very little. Mexico is the primary export target for California and for the entire American Southwest. If you disrupt that flow, you’re going to have a revolt from the western states like you’ve never seen.

ME: So the wall is not going to be built.

GF: The wall can be built, but what is it going to accomplish? The trucks had better come through. And this is really the problem.

You can read the rest here. It is short and to the point, well worth 3 minutes of your time…

http://www.mauldineconomics.com/this-week-in-geopolitics

Donald Trump

11 Apr

1-day course on trading techniques in London

Dear traders
It is a rare event when you can place two trading personalities at the same place at the same time. On the 28th May 2016 the legendary US trader Larry Pesavento and the Danish day trader expert Tom Hougaard will give a 1-day course on trading techniques in London.
It will be a long day, but not boring. The two have decided to split their time between them over a full day of education.

1-day course on trading techniques in London includes:

  • You get a course handout with the techniques Tom used to generate 38% in just 5 sessions.
  • It is the same techniques he used to generate 137% in one year.
  • You will get Larry’s book as well as being taught by the legend himself.
  • You will be on his alert email list for 30 days after.

Take a look at the complete day and book here

1-day course on trading techniques in London

 

1-day course on trading techniques in London

27 Jan

Art Cashin comment 27th January 2015

Art Cashin is sort of my hero on CNBC. I got his comment for today:

On this day in 1955, the police were called to the five story, Fifth Avenue, mansion of Serge Rubenstein. There they found the corpse of the controversial 46 year-old “Financier.” He had been strangled with a curtain cord. 

Rubenstein embodied in one man everything that would later be called “the sins of the eighties.” He was greedy. He was flashy. He was a raider. His operations were shrouded in mystery and covered by dummy companies. And he used the press to exaggerate his wealth, so that he could bump up his credit with gullible bankers. He had been the guest of presidents and potentates. And through it all most folks thought he was a real slime ball. 

In covering his murder, Time magazine felt he had so many enemies that, with only a little tongue in cheek, Time congratulated the New York City police on having “….narrowed the list of suspects down to 10,000.” It never got narrower. 

To note the date, stop by a dimly lit bar and sip a Black Russian. Try not to make any friends and don’t pay cash. But stay away from the curtains. 

Stocks didn’t get strangled Monday. Instead, they were run over by a speeding salt spreader, as states, cities and organizations hunkered down for a classic blizzard. Mother Nature, trickster that she is, moved the storm further offshore than models had projected. That led to snowfall less than one-third of the worst estimates. 

Nonetheless, as I write this in the pre-dawn hours in lower Manhattan, Wall Street is a ghost-town. No traffic. No papers. No coffee and almost no people. New York lives through its subways. It may be hours to get them back up and running. 

Markets Shrug Off Greece For A Pre-Storm Navel Gaze – The stock market swung in its narrowest range for any session this year. In the morning, they thought about oil, but seemed to become distracted, perhaps, by the severe storm warnings, in the afternoon.

 

In the U.S., stocks opened down and spent the first 20 minutes of trading going lower as crude sold off and looked like it might have one of those freefall sessions. 

Shortly after 10:00, the oil price headed back toward neutral and stocks followed suit. Around 10:30, I sent out this brief synopsis: 

Early weakness takes S&P down below the 50 DMA (circa 2047).  It rebounds to that level as WTI seems to stabilize. 

For the balance of the morning, stocks drifted up, achieving a mild move into plus territory around noon. I sent this follow-up: 

Oil ticks up slightly, allowing equities to get back near neutral and maybe better.  Run rate at noon projects to an NYSE final volume of 690/770 million shares. 

Trading desks may thin after 2:00 but believe skeleton crews have rooms in the city. 

(Some late day shuffling raised the NYSE volume to 805 million shares.)  

Afternoon saw a bit of a separation between stocks and oil. In fact, as previously noted, there seemed to be a separation between stocks and everything else. It may have had something to do with the growing intensity of the storm warnings. 

All scheduled athletic events were cancelled. All Broadway shows were cancelled. Officials talked of shutting subways and roads. Traders who had not secured a room in Manhattan began leaving early for what looked to be an arduous journey home. 

A market on close buy program with over $300 million to buy on balance allowed the bulls to slip into the close with moderate ease. Then, off to imbibe some anti-freeze and prepare for the storm.

Earnings Season And The Dollar – As we kick into the heavy release of earnings season, the early results have been less than stellar. One cause (excuse) cited by many of the underperformers is the strength of the dollar. 

If that continues, and I believe it will, it will probably stay the hand of the Fed, or at least postpone it, possibly into next year. 

Drone Strikes In The Currency Wars – There was very sharp whipsaw trading in the Swiss Franc overnight. Some contend that the Swiss National Bank may have tried a quick surgical intervention. Whatever the cause, the unusual hyper-volatility in foreign exchange markets is sending a distinct chill that has nothing to do with a blizzard. 

Maybe It Was A Tape Delay – While markets seemed to have shrugged off Greece’s election yesterday, they seem to have renewed focus today. Here’s a bit from my friend Peter Boockvar over at the Lindsey Group: 

Markets swept Greece under the rug yesterday but Greece is again sticking their head out. Greek bonds and stocks are again getting hammered. The Athens stock market is down almost 5% with National Bank of Greece, Piraeus Bank and Eurobank Ergasias all down more than 10%. The 3 yr note yield is higher by another 214 bps to 14.2% after yesterday’s 197 bps spike. The upcoming discussions between the new Syriza leadership and the Troika will not be a kumbaya moment. As Greece wants to stay in the euro and needs money for upcoming maturities (3.4b euros to the IMF in February and March to start), the only outcome is a net present value haircut to their debt, not a nominal one. With Greece then paying a lower interest rate and longer maturity than the other countries bailed out (which they already are even before another adjustment), I’d not be happy as a citizen in one of those other countries. The Troika will also likely ease the austerity/budget deadlines with which Greece was supposed to comply with. German finance minister said “there are rules, there are agreements. New elections change nothing.” Alexis Tsipras said “there will neither be a catastrophic clash nor will kowtowing continue. We are fully aware that the Greek people haven’t given us carte blanche.”

Consensus – Hyper-volatility in Swiss franc and renewed concerns on Greek banks have markets rather edgy. High dollar dings earnings in some of the bluest of blue chips have futures taking a pounding. Also, vague rumors of a possible massive layoff from a big blue chip circulate. All may be a topic as FOMC convenes. Stick with the drill – stay wary, alert and very, very nimble.

 

12 Jan

Art Cashin says that…..

Whipsaw Week Ends In Another Leg Down – Equities got hit from a variety of fronts on Friday. There was the payroll data that looked terrific at the headline level but under further review had some deflationary undertones. Then there was the price of oil, whose continuing weakness suggests global slowing. Add in the carnage that showed up in European markets and you can see how the bulls faced an uphill fight that was nearly vertical.

The payroll numbers showed solid increases and last month’s jump in payrolls was even revised higher. The brief initial reaction in bonds seemed to buy into the concept that the higher payroll numbers meant the economy was kicking into high gear. In a few minutes, however, the boys in the bond pits began to see the drop in wages as possibly deflationary and yields went into negative territory.

Meanwhile in Europe, with the Parisian terror situation as backdrop, stock markets sold and then plunged. For purposes of comparison, let’s look at some of the European closes converted into Dow equivalent points: France -340; Germany-346; Italy -585; and Spain -700. Not a lot of help from our friends across the pond.

Millionaire club

11 Nov

Trading Psychology FREE material

What is the best trading strategy EVER?

YOU ARE.

To help you with your trading psychology, Steve Ward has written a new book on mindfulness.

Steve has kindly made the first chapter available to you via my website. He has also included a chapter from his previous book called High Performance Trading.

If that wasn’t enough, he has also given me permission to send to you the workbook from his online trading psychology course, an 8-week mentoring course on how to bridge the gap between what the market is offering you and what you get out of it.

Finally I am sending you an article from FX magazine about Steve Ward.

The PDF’s will be sent out one at a time, with 3 to 4 days space apart.

When you sign up, you will first receive a confirmation email, which you will have to open, and click on the link inside, to confirm you want to receive the PDFs.

Then you will receive the first email immediately. After that 3-4 days will pass, and you will get the next email.

There are a total of 4 PDFs being sent to you.

Enjoy

Kind regards

Tom Hougaard