Today I’m reviewing small-cap Norway based shipping and ports firm. It’s name is American Shipping Company ASA It’s trading ticker symbol is ASCJF. American Shipping Co ASA is a ship owning and lease finance company with a fleet product tankers and shuttle tanker operating in the U.S. domestic trades. American Shipping Company ASA operates a…
USD/JPY 4 hour The USD/JPY bullish channel is breaking above a key resistance trend line (dotted red) of a triangle chart pattern, which could indicate a larger bullish continuation within wave Y (pink). A break above the previous top at 111.40 could confirm the wave Y of a larger wave D of the daily chart,…
We know that this next week will be a holiday week for U.S. markets, so we’re just going to go straight to the charts this week to recap the fourth and final week of June 2018! Because we’re at the end of 2018-Q2, it’s also time to look ahead into the alternative futures of 2018-Q3……
AUD/USD moved sideways in a trading range between 0.7322 and 0.7443. As long as 0.7443 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7676 and a breakdown below 0.7322 support could take the price to 0.7200 area. Only a breakout of 0.7443 resistance could signal completion of the downtrend.
Different week, same focal point for markets: it’s all about trade. Last week ended with a broadside from GM which, in comments filed with the Commerce Department, warned that tariffs could lead to U.S. job losses. On Saturday, Peter Navarro dismissed that as “smoke and mirrors.” Let’s see what Trump has to say or, more to the…
This week the attention falls on the popular Purchasing Managers’ Indexes (PMI) as just about every country in the world provides a timely insight into how their economy is tracking. But one report that often flies under the radar is the US Credit Managers’ Index (CMI) which provides an insight into the US economy and in particular –…
As you probably already know, the stock market’s seasonality is bearish from May – September. That’s where the phrase “Sell in May and go Away” comes from. The stock market has bucked “Sell in May and go Away” this year. It has gone up every single month in Q2 2018 (April, May, June). When…
Financial markets are considered a forward-looking discounting mechanism. It means they anticipate future events and that current market prices discount or reflect all available information about present and potential events. The markets are, therefore, leading indicators of fundamental and economic data. In the stock market, it is all about expectations. Analysts and investors estimate future…
Monthly Chart Pattern – price has been in a downtrend since the 2011 high and the current price action looks corrective in nature. An ABC correction looks to be playing out with price still to put in a wave C high. Bollinger Bands – price is back at the middle band and I am looking…
SBTV spoke with Daniel Ameduri of Future Money Trends to discuss gold, silver, mining stocks and the future for cryptocurrencies. Daniel also shares about how silver demand from electric vehicle applications and renewable energy will rise. Discussed in this interview: 02:05 Gold price and Fed rate hike 05:43 Gold is a cash position, not an investment 07:50 Bullion vs mining stocks…
