Market Analysis

  With today’s Fed announcement came this press release:http://www.federalreserve.gov/newsevents/press/monetary/20111213a.htmAs we now know, the Fed stated that: “Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth.”The upshot of their December meeting was that there was no change to their

  The Bank of Canada’s Governor, Mark Carney, delivered a speech today entitled “Growth in the Age of Deleveraging”…here’s an excerpt:”These are trying times.In our largest trading partner, households are undergoing a long process of balance-sheet repair. Partly as a consequence, American demand for Canadian exports is $30 billion lower than normal.In Europe, a renewed

Data released this evening for Australia shows a considerable drop in Home Loans and Trade Balance as shown on the graphs below (provided courtesy of www.forexfactory.com).  The Daily chart below of the AUD/USD forex pair shows that price is currently sitting on its 50 sma (red). It has been rejected after several recent attempts to move higher just below the 200 sma (pink). Price is trading in

The market is at an interesting juncture here. The daily SPRI is indicating a bounce should be in the cards here, and the weekly SPRI could very easily see such a reading in the next 1-2 weeks. On the weekly chart we have a nice bearish wedge, and the macro economics globally, when considering the

Anything can happen of course, but I’ve got to say that Friday’s action – the double-digit gap up on the S&P, followed by the slow, perpetual drip of selling that occurred throughout the remainder of the day, to finish in red, was a very bearish sign heading into Monday and the week ahead. Also, there

There's a lot of  talk about an IMF bailout and Germany and France forging a strong pact together to save the European union which could create havoc for the bears next week if you're not careful. As a result, I strongly recommend that you take precautions if you are still short this market. The euro

This week, conditions didn’t improve anymore for the bulls, and now we have a strong level of confidence that the market will be heading lower in the near-term. That doesn’t mean we won’t get some bounces out of this market, in fact I expect there to be plenty of them, but I do believe swing-trading

Ok, yes, calm down! Sit down, please, everyone will get to speak!  Thank you.  Yes, the Edgy Investor has been AWOL for a while, but I haven't been KIA!  I've had some actual deadlines placed on me at work and haven't been able to chat on a daily basis now, but I hope to come

Like last week, the SPRI is still showing itself at major extremes from evey angle, and the likes of which hasn’t been seen since the March/April recovery from 2009. As I’ve been saying for the past week, now is not the time to be jumping on the bull’s band wagon, as risk to the downside