Author: Scott Hoffman

Today’s update will be abbreviated so I can get it out before “unenjoyment”.  With Obama’s job summit, this could be an important report.  The consensus estimate is for a drop of 100K in NFP...

The ECB left rates unchanged and are discussing withdrawal of stimulus.  The Euro initially rallied on this news, but was unable to trade thru last week’s high, and ended up making a double top.  US jobless...

Today felt like Groundhog Day in stocks; there was another test of recent highs that failed to follow through, then a selloff.  The Taylor Technique told us to look for a selloff today; let’s look at how you could...

There wasn’t much news overnight.  The ADP employment report came out about as expected. A strong employment component in yesterday’s PMI report raised hopes for a decent NFP report on Friday. A Chinese official...

February Gold futures hit a new all time high for gold at $1200.50 this morning.  With $1200 being a rally target thrown around a lot, it seems like a good time to take a look at the chart. November 24th was the first daily...

There was good news all over the place last night.  Dubai World had reassuring comments about its debt; China’s manufacturing grew at its fastest pace in five years.  Japan reiterated its easy monetary policy and...

Friday saw a huge trading range in stocks in a knee jerk reaction to the Dubai World news.  The initial reaction was the selloff to 1067.00 Thursday night; this occurred before there were many US traders...

The central bank of the U.A.E. said it “stands behind” the country’s local and foreign banks as they face losses over a possible Dubai World default.  Financial stocks are under pressure; the Bank of...

So much for quiet holiday trade!  The Dubai World debt news really threw the markets for a loop.  The heaviest selling and the lows for the break occurred last night while Asia and then Europe were trading. For those...

Dubai World (a state owned investment fund) said that it’s asking for a credit extension to it can restructure $60 bln. in debt.  This is reviving the credit crunch fears, was exacerbated by the US holiday...