Silver Cycle Model Chart – Saturday, April 21
2018.04.20 Silver Cycle Model Chart The model continues to suggest that the local maximum was reached in late January 2018, and lower prices are highly probable between now and August 2018.
Author Archives: Darren Marchal
OPEC Approaches ’Mission Accomplished’ Moment In Jeddah, WTI Near...
Fundamental Forecast for USOIL: Bullish Talking Points: Brent options skew showing the strongest bias for further gains in four years OPEC looks to have nearly cleared the glut turning the focus on what is next and adding to volatility Per BHI, U.S. Oil Rig Count rises 5 rigs to 820, US total rig count to 1,103…
More Buybacks For The Rich – And More Ding Dongs For The Rest Of ...
On one hand, share repurchases can be an appropriate use of cash if surplus capacity exists and firms lack productive capital investment opportunities. On the other hand, additional profits from tax reform could also be allocated to employees through higher compensation. Wage growth appears to be a key issue for Democrats as we approach the…
U.S. Steel Producers On A Roll As May 1 Deadline Approaches
The U.S. steel industry is buoyant in the backdrop of a favorable regulatory environment. The goal of the government is to revive the industry, which has seen a steady decline as local production was increasingly substituted with cheaper imports. Steel imports have jumped from $22.7 billion in 2010 to $29.1 billion last year, according to…
Good Earnings Cause Interest Rate Fear To Resurface
In this crucial weekend video newsletter update we go through what to expect next week in the market and what dividend yielding stocks present opportunities as interest rates rise.
S&P 500 Snapshot: Up 0.5% WoW
The S&P 500 rose and fell this week, ending Friday up 0.5% from the same time last week. The index was down -0.85% from Thursday and is down 0.95% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 2.96%. Here is a daily chart of the S&P 500. Today’s selling puts…
GBP: The Trend Remains Your Long-Term Friend
Talking Points: UK inflation slips lower than expected but wage pressures build. Bank of England’s Carney gives nothing away. UK Q1 GDP is released at the end of the week. Fundamental Forecast for GBP: Neutral We remain neutral on GBP in the short-term but believe that the long-term uptrend in Sterling remains in place and offers potential…
‘Real Motion’ Wrecked AAPL – Is The Market Next
Earlier this week I highlighted how the market can be influenced by the actions of a few big components of ETFs. On Friday AAPL fell hard. The media will blame it on an analyst downgrade, and fears of slowing sales in China, but that’s only the catalyst that explain why it fell. It doesn’t explain why it…
Forex Critical: The Mexican Peso Slams Into A Presidential Debate
It seems the U.S. dollar index (USD) has stopped going down. Since careening to its lows in January, the U.S. dollar has bounced up and down through a well-defined range. It is starting to look like the U.S. dollar index (USD) has stopped going down. Source: Stockcharts.com The U.S. dollar gained each of the last 4…
Commodity Money Flow For 2018: Keep An Eye On Dr. Copper
The following three graphs show the percentages gained/lost for commodities for: 2018 (Oil and Gasoline have been the big winners), the month of April (Copper and Silver have joined Oil and Gasoline as the biggest gainers),and the past week (Silver and Copper have gained the most, followed by Oil and Gasoline). The following 1-year and 2-month charts of these commodities show their price relative to their 50-day MA, as well as their prior swing highs/lows, all of which…