Author: Scott Hoffman

Markets were already leaning down after Friday’s rate hike by the Bank of India and the passage of the healthcare bill.  The Chinese Commerce Minister said that sanctions against China over FX rates amounted to...

Overnight the Bank of Japan announced it is doubling its lending program aimed at curbing deflation; this led to a rise in Japanese stocks.  It may also serve to weaken the Yen, which would be welcome for its...

By the Taylor Trading Technique today was a Buy day for the British Pound futures.  I thought I’d use it as a chart example of figuring out where a market is in the TTT cycle. The daily chart for June British Pound...

Chinese PM Wen had an interesting speech.  He said China welcomes overseas investors, and wants to create an environment to foster it.  At the same time, it sounds like Google is going to close its Chinese search...

There are many interesting parallels to the Taylor Technique and Market Profile.  One of the concepts that I find useful for both is the idea of acceptance or rejection of prices.  A rally indicates acceptance of...

Stocks continued in tight ranges overnight; there’s economic news coming out of China tonight and the US tomorrow and Friday.  OPEC forecast a 12.5% rise in oil demand this year, fostered by economic growth. ...

There wasn’t much news overnight, and the beginning of the week will be light on economic releases.  There were lots of Chinese officials speaking last night, but not necessarily much to trade off today.  PBOC...

February NFP was a bit better than expected at -36K.  At the beginning of the week the estimate was for -20K, but it kept dropping during the week; I saw an average estimate of -70K yesterday.  There was a slight...

Chinese stocks were down ~2.5% on thoughts they will move to curb lending in order to cool their economy. Premier Wen Jiabao who said that China’s growth path is “unbalanced, uncoordinated, and...

In this morning’s STI watch list, my comment for crude oil was:  “Sell day; yesterday’s high at 80.95 is the Sell day objective. Power Buy?”  A reader asked what I meant by Power Buy. According...