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EUR/USD Weekly Analysis – Sunday, November 19

EUR/USD Weekly Analysis – Sunday, November 19

EUR/USD broke above the falling trend line on the daily chart and is now facing 1.1879 resistance. A breakout of this level will confirm that the downside movement from 1.2092 had completed at 1.1554 already, then further rise towards 1.2092 previous high could be seen. Above this level could signal resumption of the uptrend from […]
Above The 40 – The Stock Market Sharply Switches To A Bullish Divergence

Above The 40 – The Stock Market Sharply Switches To A Bullish Divergence

AT40 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 54.6% of stocks are trading above their respective 200DMAsVIX = 11.4Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) failed to follow-through on Thursday’s snapback rally, but a bullish divergence kept the short-term prospects looking good. While the index gapped down and fell […]
World Stocks Mixed As Global Market Rally Loses Momentum

World Stocks Mixed As Global Market Rally Loses Momentum

Global financial markets ended the week on a mixed note. In the US, the Dow industrials ended the week down 0.4%, while the S&P 500 declined 0.1%. It was their biggest two-week declines since mid-August, when worries about rising tensions between North Korea and the US weighed on stocks. Debate over the prospect of a significant […]
Weighing The Week Ahead: Will Black Friday Lead To A Green Market?

Weighing The Week Ahead: Will Black Friday Lead To A Green Market?

The economic calendar includes few reports, crammed into two days of a holiday-shortened week. Many will be taking time off – including some of the “A List” pundits. I expect to see some new faces on financial television and a lot of discussion about consumers and the economy. Many will be asking: What does Black […]
The Rally Trumpets An Appealing Yet Solemn Tone

The Rally Trumpets An Appealing Yet Solemn Tone

A Trumpet, in the hands of an accomplished musician, can be played to sound like the penetrating cry of an elephant. How ironic that the elephant in the photo is a wooden shell of a prehistoric woolly mammoth, or another version of our Rallysaurus. The rally is blowing its own horn in the face of […]
Technical Market Report For November 18, 2017

Technical Market Report For November 18, 2017

The good news is: Beginning last Thursday new lows all but disappeared and the secondaries outperformed the blue chips. The Negatives The negatives disappeared at the end of last week. The Positives The breadth indicators turned upward beginning last Thursday and continued to move upward on Friday in spite of a down day for the […]
Delivering Negative Alpha

Delivering Negative Alpha

“No matter how you “slice-and-dice the data,” hedge funds are struggling to meet their promise to clients to consistently produce high returns with low correlation to markets. It’s kind of: ‘I promise you a Rolls Royce and I give you a Honda.’” – Matt Granade, Chief Market Intelligence Officer, Point72 Asset Management There are more hedge funds […]
A Market On Edge

A Market On Edge

Stocks end a volatile week right where it began the week. In this crucial weekend update learn we look at what to expect next week and what risks are lurking.
‘Anything Without A Cusip’

‘Anything Without A Cusip’

Let’s assume we are in fact late-cycle. Some folks will tell you that’s not the case and they’ll roll out all kinds of cherry picked metrics to support their contention that “mid-cycle” is a better description of where things stand. One thing worth noting about those arguments is that they are incomplete if the person […]
NEO Cryptocurrency Coin Started Another Mega Rally?

NEO Cryptocurrency Coin Started Another Mega Rally?

Cryptocurrency NEO, which is also known as the Chinese variant of Ethereum, rose a spectacular 50% today. Although not visible on this chart it touched $45 USD per coin a couple of hours ago. Note that NEO was trading at $25 USD on November 1. According to Wikipedia NEO tries to create “a financial system that will […]