Ernest Wong

Aussie Dollar Should Recover First

I would recommend a US$ neutral position - short Euro and long A$. The chart had already broken down, which line up nicely with the fundamentals. Could be a big winner we are looking at.

Time for Dollar Bears to Go Long Commodity Currencies

I would prefer a USD neutral strategy- long A$ and short Euro, or long Sterling and short Euro.

Sucker's Rally Approaching an End

The NASD100 broke out of its recent trading range, it will go higher from here. Not likely to hit new lows again for any indices. I will stay long.

Leveraged ETFs: Too Good to Be True?

For hedging or speculating, the eMini SP500 futures give more bang for your bucks. It has very good liquidity and low transaction costs. If you have an opinion about the direction of the Dow, why use ETFs? E-minis offer so much more...

The Start of a Springtime Oil Rally?

Looking at the gasoline futures chart it is tracing out an ascending triangle pattern. It rallied almost 20 cents in 2 days. Talking about extreme volatility here! I would continue to hold long. Intermediate term target is in the $1.80 range. Cheers!

As Dow Breaks Bear Stearns Low, Euro / Yen Hits High

The chart patterns of EUR/JPY and CHF/JPY suggest more upside move. Stay long!

Recession to Inflation: Transitions Benefit the Dollar

Finally the USDX broke out of a bullish pattern, with EUR, CHF and GBP are all at their support levels. Chart patterns suggest a break down very soon. Stay tuned.

US Dollar: 5 Reasons It Will Not Hit a New Low

Totally agree with 206418 on the CHF/JPY trade! Cheers!

Preparing for the Fall

No doubt we are in a recession. Being self-employed for 22 years, I know it when I see it. But the charts are telling a different story - the march low will hold, foreign equities will outperform, EUR/YEN will go higher. Cheers!...

Bank of America: The Most Popular Dividend in America?

BAC is one solid company. They run a tight ship. Also, they constantly think of a way to nickel-and-dime you to death. I know, I have been their customer for almost 20 years, way back when they took over Security Pacific.

Japanese Market Awakening from Its Long Slumber?

A review of the Nikkei 225 weekly chart shows that it made a higher high in mid-May and as such broke the down trend line from the high made in summer of 2007. Cannot conclude that it is the beginning of an uptrend, but if I were short I would have covered.

22-Year-High Jump in Unemployment Hits Stocks and Dollar

On a big down day in the global stock markets, does not seem like there are too much unwinding of the carry trade -- EUR/JPY and CHF/JPY both broke out of their triangle patterns indicating more upside to come. The CHF/JPY even made new all-time high. Stay long...