Below charts and rough technical analysis is not to paint a grim picture but is rather an attempt to define a range for the downside. It’s better to develop trading plans with the worst case scenario in mind vs. developing plans on pure hopes and dreams. I don’t argue that equities are starting to show [...]

Bank of England cuts benchmark interest rate by 1.5% to 3.0% and says “significant” cut needed to meet 2% target, revised down inflation outlook. Dow futures are down triple digit, not a good sign. Generally after a 90% down days one can expect short term rallies and that’s not what market is saying, at least [...]

What a week. US Markets almost collapsed, bounced and then again dumped in the last 6minutes of trading of last Friday. The news of the last week was and still is, Nikkei, which is at 25 year low. As of this writing, Nikkei closed, again, down by another 6.3%, talk about the fears, bears!!!
While losing [...]