On Saturday morning, Donald Trump – who, you’re reminded, is still the President of the United States – took to Twitter to reveal what he’d do to Amazon and the Washington Post if America had already completed its hideous metamorphosis from fledgling dictatorship to full blown authoritarian hell. You can read our full take on…
This week’s Commitments of Traders Report includes quite a few notable changes. The number of long positions in the Canadian dollar have fallen by a significant degree, while speculators have also increased their short positions in the currency. The result is that speculators are now net short the Canadian dollar for the first time since…
The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the GBP(5X) with the JPY(4X). The weaker currencies are the CAD(4X) followed by the AUD(2X) and the NZD(2X). By diversifying a nice combination can be traded in the coming month like e.g.:…
AT40 = 38.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 42.4% of stocks are trading above their respective 200DMAsVIX = 20.0Short-term Trading Call: neutral Commentary The bears did their best to spook the market, but they failed to break it down. The foundations felt wobbly for most of the week, but at the end…
Silver mine supply from the world’s fourth-largest silver producer fell significantly at the beginning of 2018. According to Chile’s Ministry of Mines, domestic silver production in January declined 20% versus the same month last year. Chile’s silver production has been falling considerably since its recent peak in 2014. In just three years, Chile’s domestic silver…
Dollar/yen began the last week of Fiscal Year 2017 by dipping to the lows but quickly recovered. Is this a change of course or only an adjustment for temporary purposes? The upcoming week features the Non-Farm Payrolls and a FY in Japan. USD/JPY fundamental movers The US economy grew at an annualized pace of 2.9% in Q4 2017, better…
Walmart is a very sophisticated buyer of health benefits. This will increase pressure on hospital-provided services. Please consider Hospitals Fear Competitive Threat From Potential Walmart-Humana Deal. Hospitals have been eyeing Walmart nervously for years as it advances into health care, seeking to leverage its enormous purchasing heft, physical reach and focus on price. The Bentonville, Ark.,…
The Japanese Yen is a leading indicator of major changes in risk sentiment. Risk Off periods, especially in global stock markets, are usually accompanied by a significant increase in the value of the Yen and the opposite happens during Risk On periods. When it happens, the moves are usually sharp and rather quick and would provide a confirmation of the dominant sentiment towards…
On February 9th, the first decline from 2873 was arrested two weeks later at 2533, slightly below the combined intermediate trend line from 1810 and the 200-DMA — a formidable support level. The trampoline effect sent the index rebounding to 2802 where gravity took over, and support was again tested on 3/23, with another decline…
Once again, the market played with fire. And once again, the market managed to escape… unburned. Stocks could have certainly fared better than they did, but even a small bounce is a much-needed step back from the ledge the market was approaching just a week earlier. It’s something to build on. Still, stocks are…
