My Swing Trading Approach I may add another position to the portfolio today. I will also moveup my stops to protect my profits on existing positions. Indicators VIX – Not a huge move. I would have expected more out of it yesterday. Instead it only popped 5.3% to 10.03. I suspect the bears will pounce on…
The Swedish Crown edged higher against the Euro after the country’s central bank signaled a number of rate hikes next year. Riksbank did point out, however, that the current ultra-loose policy would be tightened only gradually. The benchmark lending rate was held at the current -0.50%. According to one FX strategist in Paris, the announcement…
GBP/USD largely preserves the range from earlier this week as Bank of England (BoE) Governor Mark Carney refrains from speaking on monetary policy, with the pair at risk of facing choppy prices over the remainder of the year as market attention turns to phase two of the Brexit deal. While the BoE will allow European banks to…
On December 20, 2017 one of the most overhauling tax reforms passed. The Tax Cut and Jobs Act impacts investors in many ways. Let’s explore some of the tax reform changes that will affect investors the most. Investment Expenses repealed Individual investors will be losing the investment expenses they used to claim on their schedule A…
Shares of Chipotle Mexican Grill (CMG) are sliding following a media report saying public health officials are investigating a potential illness outbreak tied to a Los Angeles restaurant. The investigation comes after customers complained of vomiting and diarrhea. POSSIBLE ILLNESS OUTBREAK: According to a report by Business Insider, public health officials are investigating a possible…
USDJPY pair closed higher on Tuesday following through higher on Wednesday. On the downside, support lies at the 113.00 level where a break if seen will aim at the 112.50 level. A cut through here will turn focus to the 112.00 level and possibly lower towards the 111.50 level. On the upside, resistance resides at…
With UST yields backing up a little bit after the yield curve collapsed so far so fast, the combination of tax cut and reform “stimulus” juxtaposed with the constant, non-transitory mainstream message of recovery and growth has left us with yet another BOND ROUT!!! It has been somewhat if not completely reminiscent of earlier in…
Trend-following is something I’ve struggled with for years — always felt like voodoo magic and data-mining. That said, I finally came around to appreciating the practice after a ton of research replication efforts, independent research. At the time I was investigating the topic there really weren’t any references or books that gave me the depth of…
Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years. Stock Market Wealth Effect Kicks In The National Association or Realtors reports Existing-Home Sales Soar 5.6 Percent in November to Strongest Pace in Over a Decade. Lawrence Yun, NAR chief economist, provides this explanation. “Faster economic growth…
