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Bitcoin Is So Like 1979 Silver

Bitcoin Is So Like 1979 Silver

Bitcoin smashed up and smashed down, yet the final washout is still to come. Video Length: 00:10:03 Silver match up: And a reminder of Bitcoin cycle.
The Holiday Shopping Season Is Off To A Strong Start, But Is This Level Of Consumer Spending Sustainable?

The Holiday Shopping Season Is Off To A Strong Start, But Is This Level Of Consumer Spending Sustainable?

A discussion about the most recent downturn in Bitcoin which was hovering around its peak last Thanksgiving, and everything around the holiday shopping season including early results from Black Friday and Cyber Monday, what categories are shaping up to be the most popular, how tariffs will affect retail, and how new apps such as Spring […]
EUR/JPY Weekly Technical Outlook: Euro TurnsAat Multi-Year Support

EUR/JPY Weekly Technical Outlook: Euro TurnsAat Multi-Year Support

In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Euro has fallen nearly 5.5% year-to-date against the Japanese Yen with price reversing just ahead of multi-year uptrend support this week. Here are the key targets & invalidation levels that matter on the EUR/JPYweekly chart heading into the […]
Margin Trading Vs. Leveraged ETFs

Margin Trading Vs. Leveraged ETFs

First, what is the difference between these two methods of investing? We walked through leveraged ETFs last time, so we will focus mainly on margin trading today. Margin trading refers to borrowing funds from a broker in order to trade an asset such as stocks. The purpose of the loan is to amplify the gains […]
Stocks And Precious Metals Charts – Comex Option Expiration Antics On Display – Smart Money Has Left The Building

Stocks And Precious Metals Charts – Comex Option Expiration Antics On Display – Smart Money Has Left The Building

The concept behind the Smart Money Flow Index is simple. The SMI states that: 1. The “dumb money” trades during the first half hour of each trading day (9:30 am to 10 am), while… 2. The “smart money” trades during the last hour of each trading day (3 pm – 4 pm).  The index was invented by […]
“It’s Going To Be Devastating”: GM Cost Cuts Hit Home In Ohio

“It’s Going To Be Devastating”: GM Cost Cuts Hit Home In Ohio

The massive job cuts announced by General Motors have been the talk of the financial media since they were announced on Monday. Not only did the news trigger a buying frenzy of GM stock among trading desks, it also quickly made its way to the factory floors at places like Northeast Ohio, as workers found […]
Market Talk – Tuesday, Nov. 27

Market Talk – Tuesday, Nov. 27

Even though the US market lost a little of Monday’s gains into the close, the mood in Asia still appeared reasonably constructive ahead of any trade talks. The Hang Seng was a little more confident as it responded well to rebounding tech values, but even then only managed a near unchanged close. Shanghai opened well […]
Bitcoin Near Support, Bitcoin Cash Crash: Where To From Here?

Bitcoin Near Support, Bitcoin Cash Crash: Where To From Here?

Technically speaking, the chart of Bitcoin looks godawful. Each bounce has been feeble compared to the prior decline. The above chart is from yesterday but it hasn’t changed much. Bitcoin is $3797 as I type. It bounced from around this level a couple days ago to $4125 and here we are again. The first level […]
They Warned Us

They Warned Us

We can add this to the list of all the things going wrong in October. If it felt like a wave of renewed deflation built up and swept over markets and the global economy, it’s because that’s just what had happened. I don’t think it a random coincidence the WTI curve went contango and oil […]
WTI Crude Tumbles Back To $50 Handle, Credit Markets Crack

WTI Crude Tumbles Back To $50 Handle, Credit Markets Crack

One day after Goldman muppet’d its clients with a reassuringly bullish note, WTI Crude has crashed back to a $50 handle near its lowest levels since Oct 2017 (sending HY credit risk spiking near two-year wides). USD strength is not helping… As a reminder, here is Goldman: Goldman Sachs Group – which has been urging its client to […]