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 PSU sector and stocks in the energy sector leading the losses. The BSE Sensex is trading down by 3 points (down 0.1%), and the NSE Nifty is trading down by 15…
The market volatility this year has been blamed on a lot of factors. The initial selloff was blamed on a hotter than expected wage number in the January employment report that supposedly sparked concerns about inflation – although a similar number this month wasn’t mentioned as a cause of last Friday’s selling. The unwinding of…
WTI Crude Oil The WTI Crude Oil market broke higher during the trading session on Tuesday, gaining 4% in an explosive move. Ultimately, this is a move based upon the tensions between the United States and America dropping a bit. Because of that, it looks likely to bring in more of a “risk on” move,…
Cash is king. At least for the moment. Data Source: S&P Dow Jones Indices. In the first quarter of 2018, short-term Treasury bills finished higher while both the S&P 500 and 10-Year Treasury bond declined. The greatest fear among many investors is that this trend will continue. Is this a rational fear? How often…
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Intuit (INTU) Long C&J Energy Services (CJ) Short Marriott International (MAR)
Gold short-term Elliott Wave view suggests that the yellow metal is in a sideways move, typical characteristic of a triangle Elliott Wave structure. A triangle is a sideways range structure with ABCDE label. In the case of Gold, decline from 1/25/2018 peak ($1366.06) ended in Minor wave A at $1302.6. Minor wave B bounce ended…
The stock market volatility over the past several months has everyone scratching their heads while trying to figure out the next major move. Though I still believe that the U.S. stock market is experiencing an unsustainable debt-fueled bubble that will end in a much more powerful bearish move than we’ve experienced this year, I still…
There’s one fact about markets that most investors don’t quite understand… The stock market is a creature whose personality mimics the psychology of the investors who give it life. If investors are calm and optimistic, the market reflects that positivity. But, when investors are unsure about the immediate future (like now) and have to juggle…
Hello Fellow Traders. In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EUR/NZD published in members area of the website. We’re going to explain the forecast and Elliott Wave Pattern. Before we take a look at the real market example of Expanded Flat, let’s explain it in…
Here is a brief review of period-over-period change in short interest in the March 16-29 period in nine S&P 500 sectors. XLB (SPDR materials ETF) After remaining under the 200-day moving average since March 22, XLB (57.99) retook the average Tuesday but merely by a penny. The journey toward at least the 50-day (59.27) becomes…
