USD/JPY 4 hour The USD/JPY bullish price action broke above the resistance trend lines (red), which was a key decision zone for a bigger reversal or downtrend continuation. Price looks to choose for a bigger reversal and the bullish momentum could be (part of) a wave 1 (blue). A break below the 100% Fib level…
The U.S. stock market’s recent volatility has been very high. We demonstrated in this study that high volatility is a short-term bearish sign but a medium-term bullish sign for the stock market. Here’s another way of looking at it. The S&P experienced 4 consecutive days of >1.5% movements (CLOSE vs. CLOSE $) from March 22 – 27,…
Risks are building medium- to long-term, but the Nasdaq 100 is getting oversold on the daily chart. After major U.S. equity indices reversed on February 9, tech-heavy indices were the only ones to rally to new highs. The Nasdaq 100 index peaked on January 26 at 7022.97, which then got taken out on March…
Investors know that technology stocks have skyrocketed over the last few years, helping lift the S&P 500 and the Nasdaq to new heights. They also understand that this recent bearish turn can be attributed, in large part, to investors selling these same tech stocks. The recent market-wide downturn obviously offers investors the chance to buy…
USD/CAD is facing 1.2948 resistance. A breakout of this level would indicate that the downtrend from 1.3124 had completed at 1.2814 already, then the following upside movement could take price to next resistance level at 1.3000, followed by 1.3124. Support is at 1.2803, only a breakdown below this level could trigger another fall towards 1.2650.
Institutions in search of yield are gobbling up loans with little protection, at riskier and riskier spreads. Record-breaking chart from LeveragedLoan.Com. The share of outstanding leveraged loans that are covenant-lite crept to another record high in February, reaching 75.8%, according to LCD and the S&P/LSTA Loan Index. At the end of February, the amount of U.S….
Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month. At this point, before the close on the last day of the month, all three S&P 500 strategies are signaling “invested” — unchanged from last month’s triple “invested” signal. Three out of…
As I mentioned in yesterday’s post of the FAANGs, volatility is on the rise for all of them, including Netflix (NFLX). The weekly chart below shows the confluence levels of two sets of Fibonacci retracements…around 273, 235, 210 and 174. These levels also intersect with the lines parallel to the median of the Andrew’s Pitchfork channel, and the median, itself. A drop and hold below the first…
Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the US stock market depended on, like, ten Internet stocks with negative aggregate earnings. The resulting inverted financial pyramid was, the critics claimed, very easy to tip over. They were right…
Are Bonds signalling that Risk-on Continues for Stock markets in 2018? This is the question we will cover in this article to assess if the market is still in a Risk-On phase in 2018 or if the tide has turned. Financial Media outlets are full of stories about how Tariffs and trade war is impacting the stock…
