Tuesday’s only winner in top 10 was IOTA, after the IOTA foundation announced it would work together with German automaker Porsche on the Program 4 project. IOTA, who is working on creating more solutions in real-world case usage, will work together with Porsche along with other startups on this program which is focused on smart…
Asian shares are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4% while the Hang Seng is also up 0.4%. The Shanghai Composite is trading up by 0.1%. US stocks closed little changed on Tuesday after President Donald Trump announced he was withdrawing the US from the Iran nuclear deal signed three years…
Gold has traded in a drifting rectangle pattern for most of this year. The rectangle pattern on the daily chart is part of a huge weekly chart base pattern. That has been forming for about five years. Note the enormous increase in trading volume over the past two years. This is extremely positive technical action. Trump…
Market Analysis The market’s attention has been on S. America’s soybean prospects and trade statements from the capitols of China and the US over the past 8-12 weeks. Reports from the two main soybean producing countries have continued their basic trends with disappointing Argentine harvest reports that has been slowed by recent heavy rains and…
After a banner year, the emerging markets thrived in the first quarter of 2018 too, courtesy of cheap monetary policies, a strong global economy, rising commodity prices, and a weak dollar. The trend seems to be reversing now as the greenback has gained strong momentum, triggering a selling spree in the emerging market currencies. Notably,…
Over the years I have written extensively about gold and from an intraday speculative perspective there is, of course, always money to be made, whether long or short. But for the longer term investor in gold these are tough times where patience in abundance is required, which is why I have moved to the monthly…
This latest real estate bubble looks just like the last one. It’s surged about the same, this time peaking a little higher, and has run for about as long. But what’s driving this bubble is totally different than what drove the last one. The first bubble was thanks to Baby Boomers flooding the market as they surged…
So, I’m sitting here agonizing over whether I should sell short the U.S. Treasury bond market (TLT) once again. Thanks to the bombshell Israel announced alleging the existence of a secret Iranian nuclear missile program, oil has rallied by 2%, the U.S. dollar has soared, and stocks have been crushed. The TLT has popped smartly,…
While it looks as if we’ve got a major trend reversal in place for interest rates, the short-term shows waning momentum. That means don’t panic.
Despite the exit of U.S. from the Iran Deal there was no real damage done to the market. In fact, some indices are well positioned to benefit. Best of these looks to be the Russell 2000. Today’s close left the index right against triangle resistance with a fresh MACD trigger ‘buy’ along with a similar trigger…
