It is Sunday afternoon and that means we get to review the performance of last week’s historical top and bottom stock symbols in the S&P 500. As you may recall these symbols are the result of parsing a database containing over 50 years worth of statistical performance data. The idea is to extract the prospective top ten winners and losers of the coming week purely based on historical statistics. The result is then sorted by liquidity and any symbol that is scheduled to report earnings or pass ex-dividend is being excluded.
A few days ago I got a bit frustrated thinking that I had missed several break out patterns which in hindsight looked hard to miss. Since then however almost all have turned on a dime and I am happy to report that I have already canceled my e-Bay order of a slightly used Japanese seppuku training kit.
Ti’s the season and it’s time to bring back an old tradition here at Evil Speculator: our special lair baked market outlook scenarios. Reason being that what I’m seeing unfold in equities opens the possibility for large outlier moves on the immediate time horizon, which means either by Friday or next Tuesday at the latest. Let’s get to it:
It’s time to talk about Forex as the temporary Dollar rally has effectively ended and is now launching significant advances in various cross pairs. You may recall I have been anticipating this very scenario since Monday after seeing a potential floor pattern on the EUR/USD in particular . Unfortunately however the one pertinent horse I had in play appears to be the lame laggard of the bunch, which means I’ll have to find myself a sturdy banana tree later this afternoon.