By Christopher Quigley – This week’s “flash crash” has inflicted some technical damage on the market but nothing too serious, for the moment. However, some caution is warranted. To gauge where the markets go from here I believe it important to focus on how...
It is anticipated that within the next two weeks Teresa May, Britain’s Prime Minister, will trigger formal talks to remove the UK from the European Union. Of all the 27 countries of the EU Ireland is particularly placed to be adversely...
Since the Brexit vote this summer most national and international media outlets were focused on the American presidential election. However, one story that got lost in the Trump firestorm was the fact that it increasing looks...
Since May 2007 Deutsche Bank shares have dropped from 150 US Dollars to around 12 US Dollars as we speak. Suddenly “the wires” are going viral with updates on the catastrophic state of the bank’s balance sheet. Here is what Kenny...
In 17 days time, on the 23rd of June, Britain goes to the polls to decide whether to stay in the European Union or not. Should Great Britain opt to leave it will send financial and political shock waves around the world. Many believe a win for the leave faction would put Europe’s...
The current rally which broke out on the 22nd of February is beginning to show signs of exhaustion. Of the major indices, the NASDAQ is the weakest. Price has already broken below the 200-day moving average (DMA) and a break...
On the 26th of February, the Irish people went to the polls in a general election. Nearly three weeks later a government has not been formed because no dominant party won an outright majority. It looks like this instability...
On the 15th. of December last we noted that the Dow Transports had given a re-confirmed bear signal and accordingly we advised caution. Since then the Dow Industrials have fallen 989 points (approx). The Industrials need to break the 15,750 level for a full bear market to be re-confirmed. Based on...
Very few people today know that between 1934 and 1961 the British historian Arnold Toynbee wrote “A Study of History” describing the rise and fall of the 23 civilizations he had identified in human history. In contrast to Oswald Spengler, who thought that the rise and fall of civilizations was...
In the last two recessions the A/D line worked brilliantly, forewarning increased market risk. The charts below show that for the recession of 2000 the death cross occurred in July 1998. The contraction of 2008 was...
The expected “oversold technical bounce” due to recent market weakness materialized this week. With the good news from Greece spurring sentiment on, the NASDAQ has just jumped to new highs with the Dow 30...
European markets were on a roller coaster ride last week as rumor and counter rumor about a Greek deal with the European Central Bank circulated and affected sentiment. When news hit Friday that the IMF team had...
In February 2012 I wrote an essay on the fascinating and timeless work of Nikolai Kondratieff with a brief introduction to long-term economic cycles known as Kondratieff waves or K-waves. As I explained at the time...
If ever you wanted an example of Dow Theory “Divergence” the Dow indices comparison chart below provides it. A quick observation clearly shows that the Dow Transport Index (white line) is collapsing while the Dow Industrials (green line) is holding its own...
Feb 3 – Cris Sheridan welcomes Christopher Quigley who explains the origins of Dow Theory, how it can be used for understanding the market’s primary trend, and what it’s telling investors currently.
I believe the decision yesterday by the Swiss Central Bank to end its pegged link to the Euro and change its interest rate to a negative .75% is as a seismic event in the history of European monetary integration.
Vladimir Putin would have been well advised to study the lessons of the Suez crisis before he invaded Crimea. Like Anthony Eden of Great Britain he is beginning to realize that economic warfare can be more ruthlessly destructive than military might.
Since October 24th Der Spiegel the German newspaper has been running a fascinating series of essays on the unfolding economic crisis in Europe. The scope and detail of the series has caused a bit of an online stir in that this bastion of German mainstream journalism painted a very negative view of the future...
This Thursday, the 18th of September, Scotland goes to the polls to decide whether it wants to stay in a Union with the rest of Great Britain or go down the road of independence. At the moment the election is too close to call with sentiment equally divided between either camp.
Back in 2001, Buffett said in an interview with Fortune Magazine that “the single best measure” of stock market valuation is by taking the total market cap (TMC) and dividing it by the total gross domestic product (GDP). Today, TMC is equal to 114.5% of total GDP.
