Brilliant, thank you. This is the video I watched. Gosh it is a few years ago now. Thank you kindly sir.
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Its OK.
Its so far back I had not even realised Dennis was ever doing video clips.
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all RED as far as the eye can see
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A lot more green as the day’s trading comes to an end
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Top Trade AUDUSD is up for a second straight day
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Another all green day
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More currencies over take the Yen and more to come, Top Trade AUDUSD up for third straight day. My money is on AUDJPY and I like the action today
Stocks have either turned the corner with the NASDAQ now taking the lead, or they are setting us up for one nasty bear trap
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I was in audusd and Audjpy and cad jpy … went to cash before the pce tomorrow. I was up 10% this week so taking money off the table is prudent
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we still have that strange action where the yen is strong on the same days stocks are up.
NASDAQ continues to lead
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Small pullback in Yen pairs on Friday
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Yes, that’s odd. Maybe a viable indicator for an unusual level of risk? Like the VIX but more subtle?
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Reaction to Tokyo area cpi reading Fri morning our time.
Number was higher than Dec and higher than exp - it’s often seen as a leader for the nationwide reading 3 wks hence - more of an indicator i suppose.
Anyways market reacted in Asian to the release by buying Yen which is not a surprise (some guys questioning how come the buys just before the news)
Vix measures implied volatility - there is a better index for measuring implied risk - the Russell
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I don’t doubt what you say about risk. I have never looked at either the VIX or the Russell.
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consolidation
Yen continues to trade up and down with major US indexes
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With my work nzd over the past 15 weeks has been the strongest currency with usd being the weakest so really watching this pair cad second weakest
The VIX measures expected volatility over the next 30 days - they call it the ‘fear gauge’.
The Russell on the other hand reflects investors appetite for risk - as John Murphy described it back a few years “there could be another MFST lurking there”.
With small caps obviously the risk is higher and likewise the possible reward - thus a real-time indicator of investor risk appetite.
Most recent example is right now:
Russell hr1 first - a lot of buying:
And then the SPX coming trundling along:
Both charts over this past 2 days
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A surge today in the CHF and a small gain for CAD, everyone else was down against the Yen, we continue to follow that pattern of Yen strength on days stocks are up
January is over and things are looking good for stocks, the NASDAQ led the way up 9.6% for the month. That should be good news for everyone’s retirement accounts
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Just a quick update to that post - how did the S&P behave in the couple of hrs afterwards into the close.
The last candle at 4049.6 - that wasn’t broken - tried to in the final hour but buyers prevailed - risk was on.
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Stocks have reacted positively to the Fed - as exp USD has fallen.
Market expecting lesser focus on rate rises from the US.
Prices have pretty much played to the script - note the chart on the S&P this morning and how that has played out.
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I’m happy with that. As the saying goes, good news comes out of uptrends, bad news comes out of downtrends.
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