Webster’s dictionary defines allegory as a story in which people, things or happenings have a symbolic or hidden meaning that can be used effectively in teaching or explaining difficult ideas.Accordingly, an allegoric story is used here to explain the important difference between a government income statement and balance sheet, and its application for investment decisions…
Oh My Gosh! OmiseGo’s token, OMG, just confirmed above the daily Ichimoku cloud. It was one of the only cryptocurrencies to see gains on Monday, next to Cardano. But what is OmiseGo and how should you invest in it? Read on! What is OmiseGo? OmiseGO is an existing payment management platform similar to Stripe. It was…
AT40 = 55.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 46.3% of stocks are trading above their respective 200DMAsVIX = 16.6Short-term Trading Call: neutral Commentary The buyers went right back to work after bears engulfed the end of trading last week.The indices crept higher on the day toward critical resistance at their 50-day moving…
After opening the day flat, share markets in India have continued to trade rangebound, and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the capital goods sector and stocks in the IT sector leading the losses. The BSE Sensex is trading down by 11 points (down 0.1%), and the NSE Nifty is trading down by…
Source: Admiral Markets MT5 with MT5SE Add-on US retail sales overnight exceeded expectations, and in particular car sales were higher in the US, which is good news for DAX30 car exporters. European Equities have been a little bit under pressure as the EUR continues to gain strength, making their exports more expensive. Monthly trend is still intact, with…
Stock markets edged higher on Tuesday as the dollar remained stable as earnings season began in earnest and mixed data out of China brought tempered optimism. China’s economy grew 6.8 percent in Q1 2018 as compared to Q1 2017, reports on Tuesday showed. This positive report was met with less than stellar results in other…
In previous blog posts (e.g. hehe) I explained the limitations of sentiment as a market timing tool. Since the public is invariably wrong at price extremes, it certainly can be helpful to track the public’s sentiment and use it as a contrary indicator. However, whereas price extremes always coincide with sentiment extremes, sentiment extremes often don’t…
WTI Crude Oil The WTI Crude Oil market pulled back slightly during the trading session on Monday, losing 1.6% by the time the markets closed for the day. The uptrend line underneath should continue to be supportive, and I think that it’s not until we break down below that level that we can start selling….
On Friday I wrote: Again, the size of your reserves reflects, and is proportional to, your potential need for funding. You can’t accumulate that many unless you have a similarly arrayed “dollar short.” The bigger the stockpile the more potential for it to get out of hand if things go the wrong way (usually on the…
Four years ago, I wrote a piece for Forbes called “This New Libor ‘Scandal’ Will Cause A Terrifying Financial Crisis,” in which I explained that the “real” Libor scandal wasn’t the Libor rigging scandal, but the fact that that Libor interest rates were simply too low for too long, which was helping to fuel dangerous economic bubbles around…
