A week ago, stocks were only toying with the idea of a break above some major resistance levels. As of the end of last week, they punched through that ceiling. It was a tepid effort, and so far hasn’t attracted any meaningful follow-through. The volume behind the move has been pretty pathetic too. We’re…
There are plenty of reasons to hate both emerging and commodities markets. Both were very weak in the past. Some investors may have lost money by selling some of their commodities and/or emerging markets holdings because they were not moving while so many other sectors were strongly in green. That may be frustrating. However, talking…
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to…
The EOS breakout is finally here. And it’s not what the bulls were waiting for. After the massive gains towards the all-time-high level of $23 in April, EOS got trapped in a triangle chart pattern as the bullish momentum slowed down. This was just at the time when EOS dev team announced via Steemit that they…
The EOS breakout is finally here. And it’s not what the bulls were waiting for. After the massive gains towards the all-time-high level of $23 in April, EOS got trapped in a triangle chart pattern as the bullish momentum slowed down. This was just at the time when EOS dev team announced via Steemit that they…
The week closed with the Dow Jones down 6.71% from its last all-time high in the BEV chart below. How hard would it be for it to make a new all-time high from here? Not very hard one would think, but I don’t have a horse running in this race so I’m not emotionally involved…
Financial markets eye confirmation hearings for two new Fed officials as well as CPI and GDP data from Europe and Japan in the week ahead. US Dollar Forecast: US Dollar May Resume Rally on Fed Hearings, External News Flow The US Dollar may return to the offensive as incoming Fed officials voice support for rate hikes and…
Next week we will be one third of the way through Trump’s Presidential term. Last year I used to point out that it was really still Obama’s economy, as the GOP had failed to pass, nor Trump commence, any economic policy of consequence. That is no longer the case. In late December the GOP Congress…
One of the top performing subsectors at a time when the great stock bull market flashes a buy signal is the Dow Jones U.S. Toys Index (DJUSTY). It is imperative for anyone’s portfolio to seek exposure to sectors, markets, commodities that show relative strength after a retracement like the one we saw in January and February of…
High-level negotiators from the United States, Mexico and Canada failed to find common ground during Friday’s talks about the North American Free Trade Agreement (NAFTA), leaving analysts wondering whether an agreement will be reached before the May 17 deadline. The deadline, set by U.S. House of Representatives Speaker Paul Ryan, was chosen to give ample…
