After opening the day flat, share markets in India witnessed volatile trading activity throughout the day and ended the day in the green. Sectoral indices too ended the day in green, with stocks in the power sector and stocks in the infra sector leading the gains. At the closing bell, the BSE Sensex stood higher by 115 points (up 0.4%) and the NSE Nifty closed…
Yesterday’s signals were not triggered, as there was insufficiently bearish price action at $7,335. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken between 8am New York time and 5pm Tokyo time, over the next 24-hour period only. Short Trade Short entry after a bearish price action reversal on the H1 time frame following…
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my Safari portfolio seeks a high yield and price…
The last Housing Market Review covered data reported in February, 2018 for January, 2018. At the time, I connected the dots on the bearish implications of converging technicals and fundamentals. The iShares US Home Construction ETF (ITB) actually managed to hold onto support at its 200-day moving average…until today. So not only is the seasonal trade on…
Previous: On Monday the 2nd of April, trading on the EURUSD pair closed down. The single currency rose during the European session to 1.2345. The main factor behind the dollar’s decline was the decision by Chinese authorities to impose import tariffs on US products. As exchanges opened in the US after the Easter break, the situation…
EUR/USD 4 hour The EUR/USD is still challenging the support line (blue), which is a key bounce or break spot. The bearish retracement is either completing a wave 2 (purple) or a wave A of larger bearish ABC (brown). If price breaks above the resistance (red), it will be important to see how price breaks…
Financial crises tend to start at the periphery and work their way into a system’s core. Think subprime mortgages (a tiny little niche of a few hundred billion dollars) that blew up in 2007 and nearly brought the curtain down on the whole show. There’s no guarantee that the same dynamic will play out this…
Just days after initiating its ‘petroyuan’ futures contract, and hours after an unprecedented announcement that China will pay for oil in yuan, The Global Times, the unofficial mouthpiece of the Chinese government, printed a remarkable story from ‘one of its editors’ highlighting the ‘petroyuan’ and its potential to topple the US Dollar as global reserve currency. The Shanghai debut…
Latest Price – $139.20. Daily Chart Pattern – price looks to be generally in an uptrend with a secondary low in place with a recent test of that higher low turning price back up. Fibonacci – the higher low was just above the 88.6% retracement level which is normal for the first correction in a…
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and IT sector witnessing maximum selling pressure. The BSE Sensex is trading down by 66 points (down 0.2%), while the NSE Nifty is trading down by 25 points (down 0.3%). The BSE Mid Cap index is trading up by 0.2%, while the BSE…
