Today’s Trading Plan: Attempting To Rollover
Technical Outlook: SPX pulled back yesterday to the 5-day moving average and bounced ever so slightly in the final 30 minutes of trading. Today the market is looking at a significant sell-off to start the day. It is important to remind yourself of what happened on Friday when the market sold off and the subsequent […]
FTSE 100: Are Soft Crude Oil Prices Back To Haunt Stocks?
The FTSE 100 (FXCM: UK100) is once again spending another day in the narrow price range of 6006 to 6237, making it a total of 24 trading days since the formation of the range. While a narrow range like the current does not tend to draw attention and excitement from traders, when the range finally […]
U.S. Equities Continue To Attract Capital As Long-Standing Uncertainties Abate
Q1 turned out to be one for the ages, and after some extreme moves and bouts of volatility, stocks settled down and closed out the quarter with a flourish. After falling more than -10% from the start of the year until February 11, the S&P 500 was up +6.6% in March, up +13% since February […]
Morning Call For April 5, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.66%) are down -0.78% and European stocks are down -2.15% at a 5-week low on concern that global economic growth is faltering. German Feb factory orders unexpectedly fell by the most in 6 months and IMF Managing Director Lagarde said the world economy’s outlook has dimmed. A […]
Market Internals Have Already Reversed
The market internals are already signaling that a long term bottom has been completed. At some point we will get a corrective move. When we do, it will clear the overbought conditions and the market will then be set up to test the all-time highs in May. The NYA summation index is making higher highs […]
WTI Crude Oil And Natural Gas Forecast – April 5, 2016
WTI Crude Oil The WTI grade of oil initially tried to rally during the day on Monday, but turned right back around to slide through the $36 handle. This of course is a negative sign, and the market should then reach towards the $34 level in my estimation. I believe that short-term rallies continue to […]
Yen Surges To Multi-Month Peak On Investor Worries
The Japanese Yen earlier hit a 17-month peak versus the US Dollar after yet another decline in oil prices sent FX traders rushing into the proverbial arms of safe-haven assets. Analysts have pointed out, however, that while the Yen is a traditional safe-haven currency, fears of an intervention by the Bank of Japan mean that […]
When The Doves Don’t Cry
Yellen hit the dollar hard with her dovishness and might do that soon. Why did she go there? We continue with analyzing the fresh figures coming out of the US and preview the upcoming events. Yellen’s Dovefest: A few of Yellen’s statements were surprisingly dovish and her worries seemed exaggerated. Did she try to hit the […]
China’s Middle Class Will Fork Over $1 Trillion For This Must-Have Service By 2020
Global investors are concerned about the undeniable slowdown in the Chinese economy, but that obsessive focus on bottom-line economic growth means that people are missing out. You see, there are immense shifts underway in China right now. The economy is maturing, and a recognizable middle class –already larger than the United States’ at 109 million people […]
Think Half Of A Cycle Ahead
Financial markets are trendy and noisy in the short-run, sensible in the long-run, and perverse in the intermediate-term. What do I mean? Something like this: short-run movements are news-driven, and driven by people trying to catch up with the latest data. Many people imitate the behavior of others, and over the intermediate-term, some stock prices get out […]
