I will be keeping posts to a minimum until the New Year. Friday finished with a bit of a high volume flourish, which added a nice gloss to Thursday’s big gains. The Russell 2000 managed to go one step further with a breakout. Watch this index over the coming days; if it can hold the…
Looking for a last minute book to purchase this holiday season for the bright business or economics student in your life? Perhaps the student in your life appreciates mixing economic theory with murder, as in The Mystery of the Invisible Hand by Marshall Jevons. Marshall Jevons is the pseudonym of economics professors Kenneth Elzinga of the University of…
EUR/USD Signal Update Last Thursday’s signals expired without being triggered as none of the key levels were hit. Today’s EUR/USD Signals Risk 0.75% Trades may only be taken between 8am and 5pm London time. Short Trade 1 Short entry after bearish price action on the H1 time frame immediately following the next touch of 1.2360. Put…
This is getting out of hand. A recent post received too many high quality comments. I discuss the discussion some here. The general view expressed in the discussion is that it sure looks as if non residential fixed capital investment as a percent of GDP expressed (nrfinvgdp) and nominal interest rates are positively correlated, because high non residential…
Still thinking about that perfect Christmas gift for someone special? Still mulling over a good investment going forward? Two distinct questions with two totally different answers, right? Maybe not… Diamonds could be the answer to both. For centuries, diamonds have served as a preserver of wealth, along with gold and silver. And like precious metals,…
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are sometimes posted on…
And so it begins…Collapsing crude prices are starting to make their way through the North American energy sector, as the most unprofitable oil & gas rigs are mothballed. Those flashing red numbers are not just on your screen any more. Source: Baker Hughes The closures have been particularly acute in Canada, where some 40 oil…
This market has had the “market” beaten out of it. If I had any sense – or, more precisely, if I had the sense to not have any sense – I’d just throw charts and reason out the window and dump my entire net worth into SPY calls so I could spend the next ten years cleaning out…
Here are my forecasts for upcoming economic data.
Just when it looked liked the market was going to stumble over the edge of the cliff, the bulls backed away from a meltdown… and then some. After a nasty 3.5% pullback in the second full week of December, the bulls countered with last week’s 3.4% bounceback, and tested new record highs in the process….
