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Archives by Year:
Forex Market Driven By US Inflation & Trade Tension
With US-China Trade tension continuing to escalate, short USD/JPY? China said that it would impose levy tariffs on about $60b US goods as soon as the US enacts measures The focus for the coming week will be the ongoing trade-war escalations and the impact of the recent tariff measures on producer and consumer prices. Last week, Trump […]
Gold Remains Very Weak
For gold bugs the weekly chart for the December gold contract makes for dismal viewing, and despite the rally for gold intraday last week as seen on the deep lower wick to the candle, this morning’s early price action seems to have picked up the bearish tone once again, with a gap down open as […]
WTI Crude Oil And Natural Gas Forecast – Monday, August 6
WTI Crude Oil The WTI Crude Oil market initially fell during trading on Friday but found enough support near the $68 level to show its proclivity to stay within the consolidation area that we have seen over the last couple of weeks. At this point, I believe that the $67 level will continue to attract […]
Is The S&P 500 Equal Weight Index Signaling Trouble Ahead?
In trading, all that matters is price. And I tend to look use it to identify patterns that can help investors and traders. We can also use market ratios as a gauge of the stock market’s health. Today, we’ll look at the Invesco S&P 500 Equal Weight ETF RSP vs the S&P 500 Cap Weighted SPY. In […]
Chart: Fundamental Sentiment Reset
This chart comes from the weekly survey I run on Twitter, which asks respondents whether they are bullish or bearish on equities and bonds for primarily fundamental vs technical reasoning. There has been an interesting pattern in “fundamentals” sentiment, with the turnaround in bond fundamentals sentiment seeming to presage the reset in equity fundamental sentiment. With a […]
The S&P 500 In The Week When Apple’s Market Cap Reached $1 Trillion
We’re definitely on the backside of 2018-Q3’s earnings reporting season, where the pace of news about the previous quarters earnings is slowing and investors are turning their attention toward other diversions. In the first week of August 2018, the biggest diversion was the news that Apple (NYSE: AAPL) had become the U.S. stock market’s first trillion dollar […]
EUR/USD Leans To The Lows – Levels To Watch
The EUR/USD kicked off the new trading week with a downside move and now eyes the 2018 low. Will it bounce or break lower? The Technical Confluences Indicator shows that the pair faces significant support around 1.1508. This is the convergence of the 2018 low, the Pivot Point one-week Support 1, and the Pivot Point one-day Support 3. Below, there […]
Stocks Outlook – Monday, August 6
Thoughts We’ve exited the “blackout” period for stocks buybacks, which will be bullish for the stock market this month China’s “crashing” stock market is not a bearish factor for the U.S. stock market Auto sales are rolling over, which suggests that this bull market probably only has 1 year left. COT sentiment data is bullish […]
EUR/USD Bearish Impulse Challenges 1.15 Support Zone
EUR/USD 4 hour Source: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave The EUR/USD broke the support trend line (dotted blue) and could either be re-starting the downtrend or extending the bullish correction (pink WXY as indicated in the image). A break below the bottom (blue) of the range at 1.15 could indicate a change in wave patterns: […]
Crude Oil Prices Fell As China Rebuffed US Call To Cut Iran Imports
Crude oil prices edged lower Friday after China said it will not follow the US’ lead in cutting imports from Iran. The re-imposition of sanctions following the Trump administration’s decision to scrap an Obama-era nuclear disarmament accord begins on Monday. Meanwhile, gold prices corrected a bit higher following the prior day’s steep losses. STRAY HEADLINES MAY SPARK OIL, GOLD […]
