This is an old NFTRH+ chart of the monthly XLE. There have been some false alarms and bounces on daily charts, but we used the monthly as the moderator. It has been likely to register the bottom channel line and/or lateral support (i.e. the 54 to 57 range), but it is in a bull market,…
This book is not what I expected; it’s still very good. Let me explain, and it will give you a better flavor of the book. The author, Jason Zweig, is one of the top columnists writing about the markets for The Wall Street Journal. He is very knowledgeable, properly cautious, and wise. The title of…
The AUD/USD pair went back and forth during the course of the session on Wednesday, testing the 0.72 level for support. Because of this, we ended up bouncing a bit and forming a hammer at this point in time. This hammer mirrors the hammer from the previous session, and as a result it looks as…
The AUD/USD pair went back and forth during the course of the session on Wednesday, testing the 0.72 level for support. Because of this, we ended up bouncing a bit and forming a hammer at this point in time. This hammer mirrors the hammer from the previous session, and as a result it looks as…
Let’s talk about what to watch out for this week…and where it may be leading. Video Length: 00:03:22
Duluth Holdings (NASDAQ: DLTH) – Buy Recommendation – $16.75 PT The 25-day quiet period on underwriter analyses that began with the November 20, 2015 IPO of DLTH will come to an end on December 15, giving the company’s IPO underwriters the ability to publish recommendations and analyses of the company on December 16. Duluth Holdings markets rugged clothing,…
Without giving any reasons, South African President Jacob Zuma has fired his finance minister (after just 19 months in office). This has shocked investors, already anxious about the nation’s surging debt and sluggish economy and South African bonds and FX have collapsed. 10Y yields spiked 140bps to 10.18% – the highest since July 2008 – and CDS have soared. The…
China was instructed by the IMF that as an operational requirement for joining the SDR the gap between the onshore and offshore yuan (CNY and CNH respectively) needed to close. This was important for central banks to hedge. The opposite is taking place. That is what this Great Graphic, created on Bloomberg depicts. The yellow line is…
US retail sales are expected to increase 0.3% in tomorrow’s November report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction reflects a moderate improvement in growth over the previous month’s sluggish gain. The Capital Spectator’s average forecast for November is at the high end…
The quickest and surest way for investors to lose money is to invest in companies where the management is, to put it politely, incompetent. Numerous instances exist throughout history. But we’re perhaps seeing the worst example ever, and it’s from the global mining industry. The level of incompetence being displayed is simply astonishing. Chinese Steel Collapse…
