E AUD/USD Can Reach Fibonacci Ratio Of 261.8
AUD/USD made a sharp and strong drop around 4th of October down to 0.7730 which we labeled it as sub-wave v of 3. As such, recent rise was seen as wave 4 correction, that found a top near the former swing high of minor wave four and near the Fibonacci ratio of 38.2. That said, […]
September 2017 Headline New Home Sales Improve
Written by John Lounsbury and Steven Hansen The headlines say new home sales improved and was well above market expectations. Our analysis also shows acceleration of new home sales. Analyst Opinion of New Home Sales This month the backward revisions were upward, but the rolling averages modestly improved. Because of weather and other factors, the rolling averages are […]
EC Life In A Low-Return World: To Hedge Or Not To Hedge?
We believe we will see low returns over the next seven to ten years. Pension funds, endowments and individuals may have to adapt their behavior and strategies or else risk failing to reach their objectives. Currency risk is often viewed as a by-product of the broader investment strategies that an investor has employed, rather than […]
Swing Trading Strategy Report – Wednesday, Oct. 25
My Swing Trading Approach Last few days the market breadth has been extremely poor. That has me concerned and will likely limit how much more long exposure I add to the portfolio today. Indicators VIX – Moved higher for the second straight day. The bears tried to pounce on it but no luck. T2108 (% of stocks […]
VXX Short Squeezed As VIX Beta Hits -19, Highest Since September 2008
Whether it is because bond yields finally broke out of 6 month ranges, due to nerves ahead of tomorrow’s ECB tapering announcement, because the SNB is taking a long lunch break, or simply because investors finally realized that stocks have never been more expensive… … but something odd is taking place today: selling, and nowhere is […]
Bitcoin Completes A 5 Of A 5 Wave Count
Bitcoin is now in the process of pulling back within the 1st leg of a perceived A-B-C correction since completing a 5 of a 5 wave count. This narrowly missed a measured move target in the 6200 region, but is in the vicinity of a terminal wave count. Typically, after completing an impulsive move, it is […]
“Buy & Hold” Fantasy Story Reaches Fever Pitch
“Much of what passes for orthodoxy in economics and finance proves, on closer examination, to be shaky business.” The Misbehavior of Markets – by Benoit Mandelbrot & Richard L. Hudson. I’m concerned at this juncture for the “buy-and-hold” zealots. I know, and respect, many of the disciples. I mean, I really like these professionals, study their work, but I […]
Subject To Gradation
Economic growth is subject to gradation. There is almost no purpose in making such a declaration, for anyone with common sense knows intuitively that there is a difference between robust growth and just positive numbers. Yet, the biggest mistake economists and policymakers made in 2014 was to forget that differences exist between even statistics all […]
Trump’s Planned Tax Reforms: A Look At The Numbers
Introduction Tax reform is never easy. There are with lobbying groups aligned on all sides to protect their special interests and create new ones. This makes tax reform one of the most difficult political feats to accomplish. At this point, only the broad outlines of Trump’s tax reform plan are available. Below, the numbers on […]
Accenture: A High Quality Dividend Growth Stock Benefiting From The Digital Age
Accenture (ACN) has raised its dividend every year since it began paying one in 2005, recording annualized dividend growth en excess of 20% during that time period. With healthy payout ratios, excellent free cash flow generation, a clean balance sheet, and proven durability, Accenture is well-positioned to continue rewarding shareholders with strong dividend growth in the years […]
