Author: Scott Hoffman

The EU reached a deal to help Greece; details are still kind of sketchy.  The CDS of the PIIGs fell but the Euro is a little lower.  The EU may have put out this fire, but it raises bigger problems of credibility of...

Markets were pretty quiet last night.  There’s no new news on the Greece and PIIGs front.  I also wonder whether the winter weather is dampening trading interest.  Washington DC is about shut down, we got a...

Although I was an economics major in college, I’ve been a technical trader for most of my trading career.  I don’t disregard the fundamentals, but I find them hard to trade off of.  (Not to mention that...

The Dollar is lower on news that the EU is going to meet on Thursday to discuss the PIIGs (Portugal, Ireland, Italy, and Greece) in an effort to stanch the fiscal problems that started with Greece.  ECB President Trichet is...

Stocks took a beating last Thursday ahead of Friday’s payroll report.  This big selloff set up a Buy day on Friday; let’s take a look at it to view it through the lens of the Taylor Technique. The early part of...

There was nothing but platitudes from the G-7 meeting this weekend.  There was conflicting news on Greece.  It’s being said that some European banks aren’t taking Greek paper for repos.  On the other...

The January NFP report was a mixed bag. January’s payrolls came in as expected, but there was a big downward revision to December’s NFP.  The unemployment rate fell by 0.4%; but the birth/death model shenanigans...

It’s been a wild day today.  Problems with the weaker of the EU economies set the stage for the weak jobless claims number, which in turn raised fears about a weak NFP report tomorrow morning.  Looking at the...

Well, last night started with a rise to 10 yr. highs in NZ unemployment, a drop in retail sales in Australia, and the mushrooming problems with Toyota. The EU pledge to prop up Greece led investors to bail out of some of the...

There’s some follow through movement from yesterday’s moves, some more than others.  If tocks can’t extend their rally we could end up getting a little bear flag here.  Overnight there wasn’t...