Sell in May and Go Away? Panic Buying and the Fear of Missing Out
Posted on May 11, 2009 at 3:22 in Fundamental Analysis, News: Scheduled and Breaking, Technical Analysis by Jerry FurstNo Comments »

By Jerry Furst - Sr Analyst: 1st on Forex -  Investors Education Network

Mind Your Head - Bank Stress Test Leaves No Pain!

The US equity markets continue to look bullish and some are calling the Bears out for their final slaughter - The long awaited, delayed, and leaked Bank “Stress Test” hit the market with a whimper on Thursday.

The results - 10 of the19 “Too Big to Fail” banks will need about $75 Billion USD to shore up an estimated total of $599 Billion in losses.

S&P 500 Daily - as the chart above shows the 200 MA on the S&P 500 within tagging range - also note the previous years “Sell in May and Go Away” working quite well. Who’s getting ready to clock their profits and take off for the summer?

The Euro has been trending higher and a review of my posts of last week show the Head and Shoulder Pattern in play with an ultimate pattern target of 1.3750 only 100 pips away as of this writing - May 10th  - 22:30 EST

  

EUR-USD - The two charts above show last weeks post compared to where we are now. (click to enlarge charts) - Nice trend in play

Loonie Looms Large - Back to Parity?

The long consolidation on the USD-CAD that began back in October of 2008 is over! The Daily and 4 Hour charts posted here show a beautiful Head and Shoulder breakout with strong momentum to the downside.

  

USD-CAD The above charts from April 19 and Today May 11th show that there is potentially another 300 pips to go before the Head and Shoulder pattern plays out at around the 1.1200 range. (click to enlarge charts)

The Week Ahead - Calendar and Webinar

US News to Watch for this week includes:

Tuesday - International Trade and Treasury Budget

Thursday - PPI - Weekly Jobless Claims

Friday - CPI - TICS Data - Consumer Sentiment

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Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

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Beautiful Charts, Ugly Economic Data - News
Posted on February 27, 2009 at 6:42 in News: Scheduled and Breaking, Technical Analysis by Jerry FurstNo Comments »

Another Week - Another Batch of Bad News

 

  •  Weekly Jobless Claims - Worse Ever!
  •  Bank of Amerika Chief - Subpoenaed Over Pay Bonuses
  •  AIG Needs Billion$ More
  •  General Motors Heading for Bankruptcy
  •  Iran ready to make some Nukes
  •  North Korea Ready to Launch Them
  •  That’s just Thursday’s short list from the US
  •  Europe and Asia’s Data is Debatably Worse!
  •  But Wait…. There’s More… to come!

 

US GDP Expected to Come Out at -5.4 %

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Chart Patterns Setting Up

EUR-USD  1 Hour Chart - Shows Triangle Pattern

 USD-CAD - Daily Triangle Pattern - Consolidation Coming to the Breaking Point?

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Jerry Furst is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients

Click Here for a Free Self Evaluation Survey.

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ECB Holds Rate Steady - US Jobless Claims Rise
Posted on October 2, 2008 at 12:34 in Fundamental Analysis, News: Scheduled and Breaking by Jerry Furst1 Comment »
By Jerry Furst - Sr Analyst
 
ECB: Rates on Hold for Now
Jean Claude-Trichet has decided to hold rates steady. During his press conference Trichet is  being quoted as saying that, “Upside inflation risks have diminished somewhat.” His rationale is that the high inflation coming through the pipes is from past oil and food price hikes, and he anticipates these costs coming down.  
This as the European Central Bank head faces the hard realities of the Euro-zone sinking into recession. However,  The phone lines are probably quite active between manu of the central bankers and it may be only a matter of time before rates start coming down from many central banks.
 
Bernanke Surprise Coming?
The odds of a surprise move by the FOMC and Ben Bernanke could potentially come at any time (as always) with an unscheduled rate cut. The questions here if that happens are: how much of a cut, if it will be coordinated with other central banks, or if it causes a domino effect of some kind. Currency traders do not want to be caught by a surprise like this - tight stops may not work.
 
Euro Makes New Lows as Dollar Holds Up
 
The Euro made fresh yearly lows of 1.3854 before rebounding back to the 1.3900 handle after the rate decision. The Greenback is showing superb strength in the face of the potential for a lot of printing. However US Jobless claims came out higher as Non Farm Payroll is due up tomorrow.
  
Stabilization-Rescue-Bailout Drama Continues 
 
In the evening of October 1, The US Senate passed a “Stabilization” bill that is being passed over to the House. The questions are will the bill pass, and will it work as intended to stave off more serious issues pending. It’s amazing to watch  the political gears turn so fast - with so many citizens finally waking up - after so many players being asleep at the wheel for so long.
 
Trade Safe and or Enjoy the Show!
 
 The 1st on Forex - Week Ahead - Summarized Calendar and Webinar

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Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

 
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