Tesla Model 3 Delivery Horror Stories Keep Coming In

Tesla Model 3 Delivery Horror Stories Keep Coming In

In keeping with their  business model of having the cart well in front of the horse, Tesla has just announced that they’re going to begin taking orders for the Model 3 in China. But as a New York Times expose recently pointed out, many of those who ordered Model 3s in the United States – like 44 year old Jim Fyfe – are […]
The Bullish Short-Term Trend

The Bullish Short-Term Trend

There was a lot of selling over the past week, yet the PMO Index didn’t move lower which strikes me as bullish short-term. So, I would say the short-term uptrend is probably intact although I don’t really know. The short-term trend is difficult to determine during these periods of market stress. Also, the days leading […]
If The Market Gives You Bad Dreams, Time To Get Up

If The Market Gives You Bad Dreams, Time To Get Up

I imagine that investors’ dreams vary to a large degree. There are some who dream of a market collapse. There are others who dream of new highs. Both dreams can wind up too much for investors as those dreams may be lofty.   Winsor McCay 1905 Furthermore, a long-range plan is one thing. A trading bias based on hope […]
Weighing The Week Ahead: Will Holiday Shopping Provide An Economic Boost?

Weighing The Week Ahead: Will Holiday Shopping Provide An Economic Boost?

We have a normal economic calendar, but a very short week. Many market participants will head for home early on Wednesday for an extended weekend. Some will skip this week entirely. We’ll have interesting data on housing, sentiment, and leading indicators, all reported in a three-day period. The prediction for Friday is easy. The annual […]
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                        SPX, Gold, Oil And G6 Targets For The Week Of November 19th

E SPX, Gold, Oil And G6 Targets For The Week Of November 19th

If you followed the year-end chart unfold live, then you have noticed that the futures hit every single technical target with utmost precision. First of all, the lower weekly target acted as support/resistance all week long. Second, the futures crossed but didn’t close below 2700. And third, on Thursday SPX bounced off the point where […]
EUR/USD Forecast November 19 – 23 – Has It Found A Bottom?

EUR/USD Forecast November 19 – 23 – Has It Found A Bottom?

EUR/USD fell to new 17-month lows but recovered quite quickly. What’s next? The ECB Meeting Minutes and PMI’s stand out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Italy did not budge on the European Commission’s rejection of its budget. The showdown continues in the upcoming week. In […]
Gold Gazing Into Space Despite Other Markets’ Frenetic Pace

Gold Gazing Into Space Despite Other Markets’ Frenetic Pace

Greetings from the high country here in Squaw Valley where yesterday (Friday) with much pomp and ado was celebrated the opening of the 2018/2019 ski season: except that there isn’t any snow. Rather akin to the ever-present pomp and ado bestowed upon Gold by we steadfast analysts: except that there isn’t any price movement of substance. Nonetheless, […]
Weekly Market Outlook – A Good Start, But Only A Start

Weekly Market Outlook – A Good Start, But Only A Start

  The trading week certainly started on the wrong foot, but the bulls didn’t let things tumble out of control before stepping back in. The buyers were able to lock in a huge reversal on Thursday, and we got some pretty good follow-through on the effort with Friday’s trading. The indices aren’t back above the […]
Unfinished Business

Unfinished Business

Often, and apparently wrongly attributed to Mark Twain, is the observation that it is not what we know that gets into trouble, but “what we know that just ain’t so.” Now though, investors suffer from a different problem. Several processes are in motion, and there is little confidence in their outcomes. Among these are Brexit, US-China […]
USDCHF Remains Weak And Vulnerable On Price Sell Off

USDCHF Remains Weak And Vulnerable On Price Sell Off

USDCHF remains weak and vulnerable on price sell off the past week. On the downside, support lies at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, […]