EUR/USD: Is It Time To Buy The Dip?
EUR/USD has retreated from the highs, mostly on profit-taking from the big sell-off of the US dollar. It previously advanced thanks to Draghi’s unconvincing complaints about the exchange rate. What’s next? Here are three opinions: Here is their view, courtesy of eFXnews: EUR/USD: Markets Likely See A Scope For A Move Towards 1.25 – BTMU BTMU […]
COT Report: Black (Crude) And Blue (UST’s)
Over the past month, crude prices have been pinned in a range $50 to the high side and ~$46 at the low. In the futures market, the price of crude is usually set by the money managers (how net long they shift). As discussed before, there have been notable exceptions to this paradigm including some big […]
Respectable Gains Offer Test Of Highs
So with markets threatening support they instead gap higher and post further gains. Today has probably done enough to see markets post new all-time highs while shorts are left with little to work with. The S&P gapped higher with technicals net bullish. Volume was a little disappointing (given the degree of gain) but all of […]
Alteryx Lock-Up Expiration Could Send Share Price Downward
Event Overview Alteryx (NYSE:AYX) made its market debut on March 23, 2017, raising $126 million through its offer of 9 million shares. Shares priced at $14, the high end of its initial price range of $12 to $14, then jumped 10% on its first day of trading. Since then, the stock price has continued to […]
USDJPY Analysis: Testing Important Cloud Resistance
In the 4 hour chart as shown below, USDJPY is now testing important Kumo (cloud) resistance. At current levels, the price is at the 61.8% Fibonacci retracement of the decline from 110.66 to 107.31. Short-term support is found at 109.25-109.05. If this area is broken downward we could see a rejection that could start the […]
World Markets Update – Monday, September 11
All eight indexes on our world watch list have posted gains for 2017 through September 11. The top performer thus far is Hong Kong’s Hang Seng with a gain of 27.07%, followed closely by India’s BSE SENSEX at 19.74%. In third is our own S&P 500 with 11.13%. The Last Four Weeks The tables below […]
The S&P Is Pushing Into New Highs
I was not too surprised that the hurricane was weaker than expected since we’ve all seen that many times before. But I definitely was not expecting a rally of this strength. The short-term uptrend has re-asserted itself. The SPX is pushing into new highs, so it seems time to switch the medium-term trend from down […]
Intersect ENT – Chart Of The Day
The Chart of the Day belongs to Intersect ENT (XENT). I found the medical instrument stock by using Barchart to sort today’s All Time High list first by the highest weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 8/3 the stock gained 11.00%. Intersect ENT, Inc. is a […]
E The Case For A Valuation Disclosure Requirement
The U.S. Securities and Exchange Commission can help investors protect themselves from overpriced stock deals if it requires valuation disclosure in offering documents. Briefly, valuation is the presumed price to buy a company, based on its stock price. When new shares are sold, savvy investors focus on the “pre-money valuation,” which is the number of […]
Some Effects On Inflation From Harvey And Irma
It has been a rough few weeks. First, Hurricane Harvey drenched Houston and south Texas with feet of rain, turning millions into temporary refugees and tens of thousands of them into longer-term refugees as 40,000 homes were destroyed along with a million automobiles. Then, Hurricane Irma battered Miami and Tampa Bay, which is a rare feat and […]
