The above chart looks at Commodity ETF DBC on a weekly basis over the past 8-years. DBC remains in a downtrend creating lower highs and lower lows inside of channel (1) since 2009. It hit support of the channel back in 2016 and has been creating a series of higher lows ever since, inside of channel (1). Over…
Amid unpredictable trading and market-wide volatility, investors should do their best to avoid stocks with questionable outlooks and stretched valuations. One such example is Credit Suisse (CS – Free Report), which currently sports a Zacks Rank #5 (Strong Sell) and a “D” grade for Value in our Style Scores system. Credit Suisse offers investment products, private banking, and financial…
BACK-LOADED ECONOMIC CALENDAR BRINGS RBNZ, BOE, US CPI This week’s economic calendar is back-loaded, with a series of high-impact events on the docket for later in the week with a lighter outlay up front. On the Central Bank side of the coin, we have an RBNZ rate decision on Wednesday followed by a ‘Super Thursday’ event from…
We perform technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. We are very bullish on the gold stocks and very bearish on the US Dollar.
from the International Monetary Fund — this post authored by Chris Lane and Elliott Harris In 2015, 193 countries adopted the 17 Sustainable Development Goals (SDGs) as an overarching policy roadmap through 2030. These goals are predicated on the idea that for a sustainable future, economic growth must go hand-in-hand with social inclusion and protection of the environment….
Oil prices face a day of reckoning as the U.S. decides whether it will remain in the Iranian nuclear accord, and the realization is that due to underinvestment in oil it might be difficult to replace Iranian oil if it is taken off the market. What also is clear the market is going to be…
The bad news about the next recession: most economists won’t predict it. The worse news: the few forecasters who will accurately predict the next recession will also be predicting recession for years of prosperity. Even though forecasts are not perfect, there are some warning signs that business leaders can use to assess the risk of…
If you repeat a myth often enough, it will eventually be believed to be the truth. “Stop worrying about the market and just buy and hold stocks.” Think about this for a moment. If it were true, then: Why do major Wall Street firms have proprietary trading desks? (They aren’t buying and holding.) Why are…
This week will be a big week for political negotiators, and traders are taking notice. Of specific interest is the Iranian nuclear deal which is poised to crumble if a new nuclear deal cannot be reached. Trump has set May 12th as the deadline by which new deals must be reached. Trump has called the prior…
Shares of Air France-KLM crashed as much as 14% on Monday – the company’s biggest drop since 2002 – after CEO Jean-Marc Janaillac, announced his resignation as company workers rejected a pay proposal that would’ve ended a crippling strike. The company’s shares have slipped 40% since the beginning of the year, making it the worst…
