Good Afternoon,
I have been searching for the inter-market relationship and I found
it. It was the OPPOSITE of what it had been in the past, but yet, so
obvious!
First up though, the increasingly positive fundamental picture - see
weekly claims today. And funny enough, you haven't heard a word about
the unemployment report tomorrow as all the talk is about record highs
in the DOW. As with all other "micro" economic data, I expect a downside
surprise to do absolutely nothing and a good report/upside surprise to
get SPX to the 1550 level.
Posted By:
Brian Kahn
Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.
Where will traders sell into the pound rally?
The British pound has begun to correct its three-month old downtrend and it’s during the past three days that the talk of a pound reversal has found an audience. Do three sessions of higher highs justify reversal talk or is this simply an opportunity for the bears to pile back in?
Raghee Horner