Facebook has been in the news of late, unfortunately for the bulls, its been mostly negative. Could this situation be creating an opportunity? The Power of the Patterns believes it has. Facebook has experienced one of its sharper declines in its short history, since the highs in January. The decline brought it down to rising support…
It is an interesting thing. Throughout the last four decades there is a direct link between the actions of the Federal Reserve and the eventual economic and market outcomes due to changes in monetary policy. In every case, that outcome has been negative. The general consensus continues to be the markets have entered into a “permanently…
In the past one month, the EUR/USD pair has moved up and down. It has moved to a high of 1.2477 before losing the gains to a low of 1.2237. The pair reached the above high on March, 27 following increased pressure about trade. Then, investors believed that the dollar would be a bigger loser…
S&P 500 The S&P 500 pulled back initially during the trading session on Wednesday, reaching the bottom of the Bollinger Bands indicator. However, we have rallied rather significantly, and this is a strong sign, considering that we had sold off so drastically. Ultimately, the market that shows this type of resiliency is typically a very…
When I last wrote about the Mexican peso three months ago, I described the NAFTA-driven context surrounding the breakdown of USD/MXN below its 50-day moving average (DMA). I was still holding onto a long-standing short on USD/MXN. I managed to keep holding this short until Wednesday evening (April 4, 2018). The Mexican peso is sustaining a…
The latest announcements by the US and China to slap trade tariffs on each other could take a bite out of economic growth. But at this stage it’s just talk. The potential for trouble in the months ahead can’t be dismissed. Meantime, the current estimates for first-quarter GDP growth in the US point to a continuation of…
This week my Safari portfolio seeks a high yield and growing stock in the Industrials sector. That sector has twenty-three industries all busy designing, fabricating and servicing things we want and use from aerospace to waste management and all the business services and equipment required, in between. Today I’m reviewing another diversified industrials firm. It’s…
Stocks across the globe rose in a continuation of yesterday’s euphoric rally that sent the Dow Jones nearly 1000 points higher from its session lows, as the moderation of trade war rhetoric – despite the tit-for-tat tariff announcements by China and the US – lifted risk sentiment across the board. As a result, whereas yesterday’s…
The year-over-year rate of growth relative to the previous month of the US Coincident Index improved. A comparison of this US Coincident Index to other coincident indices follows. Analyst Opinion of the Current Status of the Coincident Indicators The reality is that most of the economic indicators have moderate to significant backward revision – and this month…
Between today and 2025, the world will be a very different place. We can learn nothing about the next 4 to 7 years from government, central bank or media propaganda as they neither understand what will happen nor tell the truth. But we can learn a lot from history. Most people rely on the internet…
