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Trading Support And Resistance -Sunday, August 5

Trading Support And Resistance -Sunday, August 5

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
Models’ Update: Sunday, August 5

Models’ Update: Sunday, August 5

Here’s what my various trading models are saying about the U.S. stock market right now. The Medium-Long Term Model states that you should be long stocks right now. We are not in a “big correction” or “bear market”. This is still a “big rally in a bull market”. The next “big correction” or “bear market” is at […]
Forget Apple, This Is ‘The Correct $1 Trillion Question’

Forget Apple, This Is ‘The Correct $1 Trillion Question’

Apple achieved the $1 trillion market cap mountain this week and folks were falling all over themselves to write and read stories about how the company achieved this milestone. That’s fine to the extent it gives us an excuse to reflect on one of the most remarkable stories in the history of corporate America, just […]
Upcoming Earnings To Watch: DIS, FOXA, SNAP

Upcoming Earnings To Watch: DIS, FOXA, SNAP

The week of July 30 was another busy one during second-quarter earnings season. Apple AAPL blew investors away on its way to its historic $1 trillion market cap, while Tesla TSLA continued its polarizing ways. All of the FANG stocks have now reported, but the week of August 6 is full of big names as well. Apple’s quarterly earnings […]
USD/CAD Weekly Analysis – Sunday, August 5

USD/CAD Weekly Analysis – Sunday, August 5

USD/CAD’s downside movement from 1.3385 extended to as low as 1.2967. A further decline is still possible in a couple of weeks and the next target would be at bottom support trend line of the rising price channel on the daily chart. Resistance is at the bearish trend line, only a clear break above the […]
Study: S&P Has Gone Up 5 Weeks In A Row, Doesn’t Mean A Pullback Will Follow

Study: S&P Has Gone Up 5 Weeks In A Row, Doesn’t Mean A Pullback Will Follow

The S&P 500 has gone up 5 weeks in a row, prompting some market watchers to anticipate a short term pullback.   Blind speculation is a poor form of investing/trading. It is very common for the S&P 500 to go up 5 weeks in a row. The past 20 historical cases demonstrate that this is […]