The Pound Sterling continued to climb during London trading on Tuesday after the release of the latest manufacturing data from the UK. According to Markit Surveys, the PMI manufacturing survey for March came in at 55.1, well above the 54.7 that had been predicted by analysts; the February reading, however, was revised downward to 55.0…
The Australian Dollar is approaching multi-year uptrend support after plummeting nearly 6% off the yearly highs. If the broader uptrend is to remain viable, prices will need to find a low ahead of this key structural support confluence in the days to come. It’s make-or-break here for the Aussie. AUD/USD DAILY PRICE CHART Technical Outlook: In this week’s Technical…
Tesla is rebounding a bit today along with the general market, at least so far. Elon Musk promised speedy production. Bloomberg reports Tesla Eases Cash Concerns With Promise of Model 3 Progress. The company led by Elon Musk built 2,020 Model 3 cars in the last seven days, trailing its target for a 2,500-unit rate for…
Gold started the month with an upswing, silver soared and… Silver stocks declined. Yes, you read that right. Big upswings can be bullish developments, but it’s definitely not true in all cases. For instance, in this case, one could say that while it’s true that gold moved higher, it failed to move to the late-March…
After a perfect year in 2017 (S&P 500 up every single month), equity markets are struggling. The S&P 500 just finished down 2 months in a row (February, March) for the first time since early 2016. Meanwhile, the Japanese Yen is rising, leading all major currencies against the Dollar in 2018. Are these facts related?…
The legal cannabis industry is a unique prospect for those looking for a potentially lucrative investment opportunity. In 2017, sales in the US state of Colorado reached $1bn in just eight months, a 21 percent increase from the same period in the previous year. According to Statistics Canada, Canadians spent around CAD 5.7bn ($4.5bn) on…
“Davidson” submits: As you know, I do not invest in FANG type issues, the majority of which do not build long-term shareholder equity. Every market cycle has them. They are built on ‘the new, new thing’ mentality and are often infused with investors’ wild imaginations as to future growth prospects as in TSLA owning the…
The technology sector, which is the biggest contributor of the nine-year bull market and the Trump rally, has been caught in vicious trading over the past month. This was primarily due to the huge decline in large-capitalization technology and Internet stocks, as a result of a slew of negative news from some of the key…
Jeff was a small business owner in New Hampshire. One Tuesday afternoon, his neighbor called… “You need to get home NOW! There’s a dumpster in your yard, a padlock on your door, and a bunch of guys are ransacking your house!” Completely panicked, Jeff dropped everything and raced home. When he got there, he found most…
It never ceases to amaze me the extent to which markets can stay overbought and oversold, and this is one of the reasons why David and I decided to develop the Quantum heat map indicator for MT4 and now for MT5. This indicator not only allows us to rank our 28 currency pairs in terms…
