Volkswagen AG’s (VLKAY – Snapshot Report) global sales dropped 2.2% year over year to 833,700 vehicles in Nov 2015 from 852,900 vehicles delivered in Nov 2014. This was owing to a significant decline in sales in the U.S., partially offset by improved performance in Western Europe and China. Volkswagen’s U.S. sales fell 15.3% to 45,300 units in…
(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 occasionally posted on…
The Euro continues to consolidate near the 1.10 figure against the US Dollar having recovered as expected following the ECB monetary policy announcement. An increasingly pronounced inverse correlation with the S&P 500 speaks to sensitivity to risk trends and warns the upcoming FOMC rate decision may rekindle volatility. A daily close above the December 9 high at 1.1043 paves the way for a test of falling trend…
Video Length: 00:01:38 During the session on Monday, the WTI Crude Oil markets fell significantly. However, we did find enough bullish pressure underneath to turn things back around and bounce. Because of this, we ended up forming a hammer which of course is one of the more bullish candlesticks that you can get. The candlestick…
Video Length: 00:04:01 I’m really getting tired off all the anti-America talk recently. How we’re not as good as we used to be and countries like China are going to pass us up and we’re all fat, and lazy and foreigners hate us. I for one, am sick of having to apologize to the world….
This is the real “data” that The Fed is “dependent” on… As Deutsche Bank notes, The Fed is “right” to be raising rates. If they had done it earlier all the problems they now have to face, they wouldn’t have had to. If they do it later, those same problems will be even worse. Of course had…
It is sagacious to eschew obfuscation – so let’s be direct – the US stock market sucks right now. There are a number of problematic issues for stocks at this time, but let’s look at three key factors, as if they are three legs of a stool: Treasury yield curve Fundamental company operations Stock index…
Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly on Wall Street. Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. We are witnessing a…
The market started the week on the back foot, breaking below the 1066/4 area, and tested the support around the $1058 level. Gold prices fell $13.41 an ounce yesterday as market players positioned for a looming Fed rate hike. A rebound in stock markets also weighed on the precious metal. The XAU/USD pair is trading…
Pollution and global warming caused by fossil fuel has been on the rise lately. Global superpowers are leaving no stone unturned to restrict greenhouse emissions, protect the climate and go eco-friendly. President Obama has always been active in cleaning up carbon pollution. A proposed Environmental Protection Agency rule even seeks to reduce 30% carbon…
