On a day when the CDS insurance for Deutsche Bank buckled in the short term, as pointed out on Bloomberg TV, another warning sign is apparent. Murray Gunn, head of technical analysis at HSBC, looks at trend wave trading signals and notes disturbing technical patterns between 2016 and almost the same month in 1987. When the short end of the yield curve buckles it is interpreted as indicating heightened risk near term Insuring Deutsche Bank debt over the short term jumped significantly relative to longer-term time horizons, Bloomberg’s Alix Steel noted this morning on Bloomberg Markets. Such a buckling along…
HSBC Warns Of Technical Patterns Similar To October 1987
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.