Trading Ideas

The S&P's Sudden Loss of Altitude

I was panicked. On my previous training flight, I had put the Cessna 172 into a nose dive.  That’s right, in my attempt to demonstrate a power-off stall, I had literally pointed the airplane directly at the ground.  Which is not a good idea if you want to remain in the air! I will never ...

Book Bits | 13 October 2018

● The Four Pillars of Portfolio Management: Organizational Agility, Strategy, Risk, and Resources By Olivier LazarSummary via publisher (CRC Press) Portfolio management consists mainly of making decisions about which initiatives to undertake, which initiatives not to pursue, and which resources a ...

BNS.PR.I Firm on Modest Volume

The Bank of Nova Scotia has announced: that it has completed the domestic public offering of Non-cumulative 5-Year Rate Reset Preferred Shares Series 40 (Non-Viability Contingent Capital (NVCC)) (the “Preferred Shares Series 40”). Scotiabank sold 12 million Preferred Shares Series 40 at a pric ...

October 12, 2018

Trump continues to attack the Fed: President Trump responded to falling stock prices on Thursday by continuing to throw rocks at the Federal Reserve, which he has described as “crazy,” “loco,” “going wild” and “out of control” for slowly raising interest rates against the backdrop o ...

Gold Starts To Run 2018-10-11 CT Video

The Canadian market has been hit hard. The $TSX is currently 200 points away from the highs of 2008. Thats hard to have 10 years with little progress.  The weekly PPO went negative this week which is another reason to be less optimistic for a fall rally. On a weekly chart, the trend is the bi ...

Chinese markets sag but more pain to come

Stephen Innes Head of Trading OANDA Asia Pacific discusses his views on China  with Victor Ferreira from Canada’s Financial Post   North American stock markets weren’t the only ones to feel the pain this week: China’s main index dipped nearly eight per cent as the country’s markets cont ...

Next week’s spotlight falls on the USD and the RMB complex.

Well, that was dramatic, but some significant levels on equity markets held on a closing basis, while the DXY rallied into the close. But in the end, it was all about cleaning the slate while living to fight another day. Next week spotlight falls on the USD and the RMB complex, and following the li ...

DP Weekly Wrap: Picking Bottoms

"The road to trading glory is littered with the bodies of those who tried to pick bottoms."        -- Carl Swenlin (once upon a bad day) To use an expression made popular by the late Kennedy Gammage, bottom picking is for "swingin' riverboat gamblers." To be sure, it is a risky endeavor, ...

US Retail Sales to Support Dollar


The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend. Strong US data and a clear interest rate hik ...

Tentative Signs of Life in Gold - David Brady (12/10/2018)

Oct 12, 2018 Gold has finally caught a bid this week and is up to its highest level since July 31. The fact that the U.S. and China appear to have agreed on a meeting between Trump and Xi on trade issues at the next G20, coupled with the U.S. treasury’s decision not to label China a currency man ...