US 10-year is looking bullish. If you look at the weekly chart, there is a FLAG Pattern Breakout and on the monthly chart, there is a falling wedge pattern breakout. The charts are indicating that US 10-Year Yield is heading up for a 4%-5% in coming months. Below are the weekly & monthly chart for your…
Resiliency This past year turned out to be quite a bit better than many had feared. The populist-nationalist wave did not sweep across Europe. It was a key risk a year ago, after the UK referendum and the US election, and spurred underperformance by the eurozone. The US exited the multilateral Trans-Pacific Partnership (TPP) that had…
Now that it is abundantly clear that for a stock to explode higher, all that is necessary – and sufficient – is a press release mentioning the company’s name and throwing in the word “blockchain” in the same sentence (see Riot Blockchain, LongFin Corp, Net Element, and Nova Lifestyle), other public microcaps have decided that if that’s…
The Conference Board Leading Economic Index (LEI) for the U.S improved this month – and the authors say “that solid economic growth will continue into the first half of 2018“. Analyst Opinion of the Leading Economic Index Because of the significant backward revisions, I do not trust this index. This index is designed to forecast…
The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index…
How high can gold rally? To $1,270 – $1,290. That’s what we wrote on December 14. Stockcharts’ intraday high for yesterday’s session is $1,271.40, which means that our target area has already been reached. However, gold will remain in the target area even if the rally continues for another $20 or so. Which scenario is likely to…
My Swing Trading Approach I’ll look to add another position to the portfolio today, should the market strength hold up, in the early going. I expect light volume from now until the end of the year. Indicators VIX – Dropped 3% but what was most impressive was the print of 8.90. Currently sitting at 9.72 ….
This is one of my favorite posts to write every year as we get to look back on Wall Street predictions and see how they panned out. We have done this in 2014, 2015, 2016 and 2017 so it is becoming a tradition to see which strategists did well and which missed the mark. Last year, the strategists predicted a bull…
The mix of inflation and retail sales releases in Canada hasn’t always been favorable for the Canadian dollar. In many cases, the data that fell short of expectations overshadowed the better than expected publication. And in other cases, both figures chased each other to the bottom. This is not the case this time. CPI beat…
This does not fit the narrative… ignore it! Americans’ outlook for the U.S. economy fell in December to match the weakest for the year and a weekly measure of confidence cooled to a two-month low, even as both gauges remain high by historical standards, the Bloomberg Consumer Comfort Index showed Thursday. As Bloomberg notes, The pullback in…
