Metals and Miners formed significant lows in December and prices should rally sharply in 2018. The dollar is breaking support and likely started a new bear market. Commodities, in general, should be embarking on a multi-year advance. Gold is at resistance. Closing the week above $1,300 would be very productive. Failure to break above $1,300…
The US dollar continues to fall in price against the euro and the yen after a significant weakening during yesterday’s trading. Investors suggest that a decrease in demand for the dollar is associated with a fall in the 10-year US government bonds yield. At the same time, the euro rises in price against the US…
It looks like the cryptocurrency community could get into serious trouble if they continue with their immature and materialistic ways. Ethereum’s founder is apparently fed up with the immaturity of the digital currency crown, and might even leave the scene if this continues. What is Ethereum Founder Mad About? The 23-year-old Vitalik Buterin took to…
Audio Length: 01:23:41 Anthony Saliba, an original Market Wizard, was first on episode 107. On that episode, we mostly discussed Tony’s life as a trader and related subjects. But one area we didn’t get into too much, was his life as a parallel entrepreneur and an investor. So, I mentioned to Tony, this time around, it’s…
USDCAD broke below 1.2623 support and extended its downside movement from 1.2920 to as low as 1.2556. Further decline is still possible and next target would be at 1.2433. Near-term resistance is at the falling trend line on the 4-hour chart. Only a clear break above the trend line resistance could indicate that the downtrend is…
The last week of trading of 2017 looks to be ending near all-time highs, and with markets well placed to continue this form into 2018. The Russell 2000 is looking primed to jump higher with strong pressure at resistance. Of the indices, it’s best placed to break higher – negating the November ‘bull trap’ in…
The last week of trading of 2017 looks to be ending near all-time highs, and with markets well placed to continue this form into 2018. The Russell 2000 is looking primed to jump higher with strong pressure at resistance. Of the indices, it’s best placed to break higher – negating the November ‘bull trap’ in…
Friday’s stock picks: Long Bank of the Ozarks (OZRK) Long Johnson Controls (JCI) Short Imax Corp. (IMAX)
Addiction to momentum dominated 2017.Extremes were amplified not only in politics, in the hostile cultural environment, but in various classes of financial assets too. It’s very hard to express the risks of constant frenzies, whether that be in life or in markets. As such we’ve spent a good part of 2017 pointing out how there…
S&P 500 The S&P 500 rallied slightly during the trading session on Thursday, using the 2675 level as a bit of a floor. However, we have very little in the way of volume and I think at this point you are probably in the look for pullbacks to take advantage of, more than anything else….
