The Top 4 Trading Assets Of The Week

The Top 4 Trading Assets Of The Week

Quick Recap of Global Economic New…… Much of the global economic focus is on the Fed interest-rate decision, the UK Budget and the state of the Chinese economy. The trading activity that we are going to discuss in this week’s post will tackle the hard issues facing these countries and how traders can benefit from […]
Today’s Trading Plan: Going For Six Straight Weeks

Today’s Trading Plan: Going For Six Straight Weeks

Technical Outlook: SPX rallied on Friday for a third straight day following the FOMC Statement.  The downtrend off of the November highs has been tested but not broken. A minor rally today would lead to a break of that downtrend.  Russell broke out of its bull flag pattern after lagging the market early on last […]
Weekly Market Outlook – 12% Up From Lows, Where To Now?

Weekly Market Outlook – 12% Up From Lows, Where To Now?

Weekly Market Outlook – March 21, 2016 We just completed the fifth straight bullish week for the market. The S&P 500 (SPX) (SPY) advanced 1.35% last week, clearing a couple of key resistance lines in the process. Yet, other resistance lines have yet to be hurdled, and could end up being problems that work against stocks now […]
China’s Latest Problem: Half A Trillion Dollars In Unpaid Bills

China’s Latest Problem: Half A Trillion Dollars In Unpaid Bills

It’s no secret by now that China has a rather serious debt problem. Although getting a precise read on it is next to impossible, all told the debt pile probably sums to something like $30 trillion. Various reports put the figure at between 250% and 300% of GDP all-in and as we reported back in January, that […]
Valeant Downgraded To Equal Weight From Overweight At Barclays

Valeant Downgraded To Equal Weight From Overweight At Barclays

Barclays analyst Douglas Tsao downgraded Valeant Pharmaceuticals (VRX) to Equal Weight from Overweight and cut his price target for the shares to $34 from $135. The drugmaker closed Friday down 9%, or $2.71, to $26.98. Tsao admits he underestimated the “lasting consequences” of Philidor as well as the near-term impacts of the company’s Walgreens (WBA) […]
Forex Ranking, Rating And Score For Week 12 – 20 March 2016

Forex Ranking, Rating And Score For Week 12 – 20 March 2016

When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: CHF(3X) with the AUD(3X) followed by the JPY(2X). The weaker currencies are the GBP(4X) followed by the USD(3X) and the NZD(2X). Nice combinations for coming week […]
Markets Post Across-The-Board Gains For A Fifth Week

Markets Post Across-The-Board Gains For A Fifth Week

Positive momentum prevailed again last week for the major asset classes, based on a set of proxy ETFs. For the fifth consecutive week through Friday, Mar. 18, the risk-on trade delivered another round of profits across the board. The trailing one-year period still reflects plenty of damage, but the red-ink brigade continued to retreat on this […]
Bullet Report – Dollar Still Under Pressure

Bullet Report – Dollar Still Under Pressure

  ​EUR/USD hit 1.1250 in early Asia, but lacks momentum to test/take out 1.1293. The currency pair trimmed gains from 1.1285 to trade around 1.1270 levels. Trading Central prefers long positions above 1.1240 with targets @ 1.1305 GBP/USD finds itself under pressure as it heads towards 1.4410. 1.4470 looks to be the main resistance right […]
FTSE 100: The Sluggish Price Action Continues To Dominate

FTSE 100: The Sluggish Price Action Continues To Dominate

The FTSE 100 has kept a sluggish upward bias over the last few weeks, a trend which may continue, as long as price trades above the March 10 low of 6006. On a rising trend, price tends to seek out the next resistance level, which is now the December 29 high of 6321. This may […]
Recent Moves In Oil Prices

Recent Moves In Oil Prices

Today I discuss the factors that brought oil prices so far down and more recently back up. World oil production was essentially stagnant for seven years beginning in 2005. Field production of crude oil averaged 73.9 million barrels a day in 2005 and averaged 74.7 mb/d in 2011. Monthly world field production of crude oil […]