Traders & Investors Club

We find ourselves at a very interesting juncture in the Stock Market.

October, which is traditionally the most bullish month of the year, especially if we ignore the rather unfortunate statistical aberrations of 1929, 1987 and 2008, has not disappointed those of us who have kept faith in the market recovery. The current consensus amongst Fund Managers is that the market is primed to rally until year-end.

So, the worst is over.

Or is it?

From a technical perspective, all will be revealed very soon. There is a significant triangle formation in progress, the breakout of which will determine the direction of the market until Santa appears in the fireplace.

The case for a bullish breakout is strengthened by the fact that the triangle is forming after a strong upward thrust, which would suggest a continuation of the move. However, the NASDAQ100, which we would expect to be leading the charge, has remained in the doldrums for most of 2011 only briefly flirting with a break of the low 2400s in July.

By the next Traders & Investors Club meeting, we could have our answer.

Here is a summary of the agenda:

Market Roundup And Open Forum

Kevin Barry of the Traders & Investors Club will be discussing his market positions for the month ahead as well as presenting our regular summary of the recent global market action and throwing the floor open for YOUR take on the current trading environment.

An Audience With Ashraf Laidi

Although it is true to say that we always look forward to the presentations by our guest speakers, it is not very often that we get genuinely excited at the prospect of a forthcoming visit. This is one of those times as we shall be welcoming our very special guest, Ashraf Laidi, founder and CEO of Intermarket Strategy and the author of 'Currency Trading & Intermarket Analysis - How To Profit From The Shifting Currents In Global Markets'.

Ashraf held the position of Chief Market Strategist at CMC Markets for several years where he specialised in the analysis of the G10 currency pairs and the intermarket flows in equity, commodity and fixed income markets of the major central banks.

Ashraf's expertise in dissecting Federal Reserve policy and unraveling the cyclical relationships between yield curves, economic indicators and equity market performance enabled him to predict the Federal Reserve interest rate cuts of summer 2007, four months prior to their occurrence at a time when the majority of economists, strategists and traders anticipated rates to be hiked or left unchanged. He went on to call the record highs in gold and the dollar's break below parity against the Swiss Franc and the Canadian dollar. During the summer of 2008, Ashraf persistently predicted that the Federal Reserve would continue cutting rates at a time when Fed funds futures were pricing in a 95% chance of rate hikes in the fall.

Ashraf regularly appears on CNBC, Bloomberg TV and the BBC. His insights also appear in the Financial Times, Wall Street Journal, Barrons, New York Times and a host of other international publications.

Ashraf's distinct approach to market analysis is based upon his unique style in bridging the fundamental and technical aspects of the market. He is an extremely engaging speaker and you are assured of a highly entertaining, stimulating and informative session.

Don't miss this rare opportunity to get up close and personal with one of the UK's top market analysts..

Market Roundup - 22nd November 2011

Event: 

Traders & Investors Club Meeting - 22nd November 2011

October, which is traditionally the most bullish month of the year, especially if we ignore the rather unfortunate statistical aberrations of 1929, 1987 and 2008, has not disappointed those of us who have kept faith in the market recovery. The current consensus amongst Fund Managers is that the market is primed to rally until year-end. So, the worst is over. Or is it?

 

From a technical perspective, all will be revealed very soon. There is a significant triangle formation in progress, the breakout of which will determine the direction of the market until Santa appears in the fireplace.

Markets: 

Indicies

Currency

Futures

Bonds

ETF's

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An Audience With Ashraf Laidi

Event: 

Traders & Investors Club Meeting - 22nd November 2011

In this freewheeling and informative presentation, Ashraf demonstrates how his distinct approach to market analysis, based upon his unique ability to bridge the fundamental and technical aspects of the market, has enabled him to make consistently profitable calls in the face of so called 'conventional wisdom'.

Ashraf Laidi, founder and CEO of Intermarket Strategy and the author of 'Currency Trading & Intermarket Analysis - How To Profit From The Shifting Currents In Global Markets'.

Ashraf's expertise in dissecting Federal Reserve policy and unraveling the cyclical relationships between yield curves, economic indicators and equity market performance enabl

Markets: 

Indicies

Currency

Average:

3

Your rating: None Average: 3 (6 votes)

Read more

Login to post comments |   |   |   |   |   |  Tags: Indicies, Currency