T2108 Status: 27.4%T2107 Status: 27.6%VIX Status: 19.6General (Short-term) Trading Call: neutral – bullish biasActive T2108 periods: Day #47 over 20% (overperiod), Day #1 under 30% (ending 45 days over 30%) (underperiod), Day #3 under 40%, Day #6 below 50%, Day #20 under 60%, Day #361 under 70% Reference Charts (click for view of last 6 months…
Americans have long lived in a nation made up primarily of middle-class families, neither rich nor poor, but comfortable enough, notes NPR’s Marilyn Geewax, but this year – for the first time in US history, that changed. A new analysis of government data shows that as of 2015, middle-income households have become the minority, extending a multi-decade decline that…
I was ready for the pound to strengthen yesterday, but not for as much as it did. There was no news which would have pushed the dollar down. The market is continuing to close long positions on the dollar and has been doing so since the ECB didn’t go as far with their monetary policy…
Distortions within fragile markets more and more are becoming evidenced not only by trading swings, but by statistics in real world consumption; geopolitical concerns tempering lots of endeavors; a realization that defaults among ‘submerging’ economies and energy entities is a valid concern; and a shaken the ‘junk bond’ market; more pending. That investors and speculators…
The Fed is poised to hike the benchmark interest rate in two weeks after almost a decade, oil prices are hitting fresh lows on supply glut and overvaluation concerns over the U.S. market are doing rounds. Together, these aren’t creating the best backdrop to invest in equity markets. Moreover, slowdown in China and the Euro…
Wave Analysis: EUR/USD is currently a slight Bullish bias. Wave (c) traded long as previously forecasted and even closed above the major resistant level 1.09382, but could not reach 1.1073. We are still waiting for further upward movements towards this resistant level, before we can go short. Any close above this resistant level will call…
What if you fell asleep while out for a walk with your dog, and like Rip Van Winkle, awoke 20 years later to a whole new world? After inquiring after friends and family, investors would then probably want to know, “how’s the stock market doing?” If you invest in individual stocks, it would be the…
For the 5th day in a row, Onshore Yuan has tumbled against the USDollar. Absent the violent devaluation in August, this is the largest drop since March 2014, leaving the Chinese currency at its weakest level against the USD since August 2011. It appears that after showing some signs of ‘stability’ to appease The IMF’s political decision, and…
Yesterday’s Trading: By the end of Wednesday the euro/dollar had renewed to the U4 at 1.1042. Growth for the pair exceeded one figure. There was no news yesterday to put the dollar down. More long positions on the dollar were closed yesterday as they have been since the ECB declined to ratchet up their efforts…
Trucking Spot Prices Plunge Here’s an interesting chart and commentary courtesy of James Jaillet who writes Truckload Rates Sunk Again in November. This is the fourth straight month that rates dipped in all three segments, continuing a now year-long downward trend spurred by both a major drop in diesel prices and market conditions. Paid rates, verified…
