Tian Yang, Variant Perception’s Head of Research, recently covered their must-read Understanding Leading Economic Indicators report with FS Insider. Yang explains the three major categories that most economic data fall into, how leading economic indicators (LEIs) help identify Understanding Leading Economic Indicators report, why most economic data in the news is lagging and not helpful for investors and,…
WTI Crude Oil The WTI Crude Oil market has been very noisy during trading on Monday, initially dipping towards the $70 level only to turn around and rally again. OPEC says it expects global demand to grow going forward, and that put a little bit of bullish pressure into the market. The $70 level now…
This is how so many traders lose money. They get frustrated, panicked, or overly emotional at major bottoms and they end up selling into oversold conditions when they should be buying, and then they buy into overbought conditions expecting the market to continue higher indefinitely when they should be selling. This is how so many…
The S&P 500 (SPY) yesterday opened the trading day strong but spent the rest of the day fading to a much smaller gain. (The percentage of stocks trading above their respective 40-day moving averages (DMAs), T2108 (AT40), ended the day with an ominous loss that leaves it hanging below the 70% overbought threshold). This near day-long…
Asian shares are lower today as Japanese and Hong Kong shares show losses. The Nikkei 225 is down 0.1% while the Hang Seng is down 0.9%. The Shanghai Composite is trading down by 0.2%. Back home, India share markets are witnessing buying interest as BJP is leading Karnataka elections. The BSE Sensex is trading up by 347 points while the NSE Nifty is trading up by…
The GBP/USD found some stability on Monday but Tuesday is different with the UK jobs report and the US Retail Sales release. Where will the Pound go? The Technical Confluences Indicator shows that the GBP/USD has lots of support to the downside but not too many resistance lines to the upside. While many support lines await to the downside,…
What does it mean to be data dependent? The term immediately conjures up the image of studious Economists working their mathematics to perfectly calibrate the proper monetary policy response. It is attached to the Federal Reserve, and other central banks, but its application is much broader. Businesses are, obviously, data dependent and often in the same…
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up three and ten cents, respectively, from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.68 and San Francisco, CA is the most expensive city, averaging…
Tuesday’s swing-trades: Long Yandex (YNDX) Long Wayfair (W) Short Lennar (LEN)
Gold prices fell as the US Dollar returned to the offensive Monday, rebounding after a corrective pullback as expected. Traders were probably looking for an excuse to even out exposure following three days of downward retracement before Fed nominees Richard Clarida and Michelle Bowman sit for Senate confirmation hearings tomorrow. The nominal trigger for the greenback’s intraday recovery came…
