Trend Following

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

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.

Good Morning,

I previewed the fundamentals in my last article, so we will skip them and get right to the technicals. It is a fairly light week data wise. You should be preparing for earnings season - mark your "earnings calendar" with the dates for the stocks you own/trade.

Technically, equities first as they continue to drive other financial markets. SPX is getting very close to the trendline that has been resistance and now could provide support:

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.

Good Afternoon,

As promised, a NFP wrap-up. And how do you like that for "low volatility"? Analysts expected 114k and we got 114k. Funny how that happens - when markets aren't volatile, you don't get any breaks. So anyone who thought there would be surprises, there weren't.
And technically, the markets rally big off the news of 114k jobs created - are you serious? As I said yesterday, I feel bad for the job seekers.

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.

Good Afternoon,

Pretty "large" trading ranges today. Fundamentally, claims were flat, so we will have to see what happens tomorrow with NFP. Usually, if we go up in anticipation of a good number and then it comes in soft, boom, we crash. But equities have just a good chance to go up on bad news as they do on good news.

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.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

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.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

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.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

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.

Good Afternoon,

Fundamentals first. ISM came in just above expectations, but the employment component came in below expectations. New orders were flat. Remember wny I am am focusing on the employment component - only 4 days away to another dismal jobs report.

Bernanke also spoke today. He defended the Fed's "no inflation anywhere" campaign. Go ahead and tell someone living off of fixed income that there isn't any inflation.

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.

Good Afternoon,

Before previewing the week ahead, let's wrap up Friday's data. We saw the CHIPM headline number contract to 49.7. Sub-components such as new orders and employment were dismal. In fact, the employment component was at a two and a half year low. See my previous article titled "Stink, Stank, Stunk" for further commentary on last week's brutally soft economic data.

This upcoming week will be a whopper:

**Monday: ISM Manufacturing - watch the sub-components. Bernanke is also on the docket.

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.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

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.