It really is a funny old world that we live in. The British Pound was hammered overnight when some meeting minutes were released showing that two of the seven members of the British MPC voted for more QE than the others. Why this matters nowadays who knows?

The UK is generally seen as a pillar of fiscal rectitude these days as it is taking steps... Read more...

I was saying on Friday morning that a lower close on Vix that day would confirm a Vix Buy (equities) Signal, and also a bearish engulfing candlestick on the Vix daily chart. Vix confirmed both on Friday and that very much needs to be borne in mind as a strong warning signal here for equity bears. The situation is more complex than that of course,... Read more...

I did mention yesterday morning that Wednesday's trendline break didn't preclude a new high and obviously I was glad I did, even if that seemed a bit wishy-washy. I've watched that film before, though I was surprised to see a new high made so fast yesterday. That leaves us pretty much where we were on Wednesday morning, with the trendline break in... Read more...