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The Asymmetry Of Bubbles: The Status Quo And Bitcoin

The Asymmetry Of Bubbles: The Status Quo And Bitcoin

Shall we compare the damage that will be done when all these bubbles pop? Regardless of one’s own views about bitcoin/cryptocurrency, what is truly remarkable is the asymmetry that is applied to questioning the status quo and bitcoin. As I noted yesterday, everyone seems just fine with throwing away $20 billion in electricity annually in the […]
AUDUSD Daily Analysis – Thursday, Nov. 30

AUDUSD Daily Analysis – Thursday, Nov. 30

AUDUSD’s fall from 0.7644 extended to as low as 0.7552. Deeper decline to test 0.7532 support is possible and a breakdown below this level could signal resumption of the downtrend from 0.7897, then next target would be at 0.7450 area. Key resistance is at 0.7644, only break above this level will indicate that the downtrend […]
Gold Swings Down As Dollar Advances

Gold Swings Down As Dollar Advances

Gold prices closed at their lowest level in a week on Wednesday, under pressure from a stronger dollar rising stock markets. In economic news, the Commerce Department reported that the U.S. economy grew at a 3.3% pace in their third quarter. Federal Reserve Chair Janet Yellen said “We continue to expect that gradual increases in […]
Bitcoin Smashes Through $11,000 In A Wild Swing

Bitcoin Smashes Through $11,000 In A Wild Swing

Bitcoin continued to surprise investors and analysts as the cryptocurrency blasted through $11,000 a coin to all-time high of $11,395 on Thursday. A 15 percent increase from Wednesday’s peak of $10,787.99. So far, the coin has gained more than 1,000 percent in 2017 even as some experts called for caution and proper regulation of the […]
Further Signs Of Strengthening In The Eurozone

Further Signs Of Strengthening In The Eurozone

The common currency had opened last week on a somber note as reports about the coalition talks in Germany put Angela Merkel in a weak spot. The euro briefly fell after the news, as the possibility of a snap election emerged. However, the currency managed to recover from the initial decline as economic data from […]
USD/JPY Bullish Breakout Approaches Key 112.50 Resistance

USD/JPY Bullish Breakout Approaches Key 112.50 Resistance

USD/JPY 4 hour The USD/JPY broke above the resistance of the bearish channel (dotted red). The bullish breakout could indicate the completion of wave 2 or wave B (purple) as well. The key levels are the Fibs of wave X (pink) because a bearish bounce could see price fall towards the 61.8% at 110. Strong […]
International Financial ETFs Versus 3 Major World Indices

International Financial ETFs Versus 3 Major World Indices

It appears that several international Financial ETFs have, generally, performed well over the past couple of years and are, either approaching major resistance, or have already reached it, when compared with their respective country’s Major Index on a ratio basis. The first is the XLF:$SPX ratio, as shown on the 5-Year Daily ratio chart below. The second is the EUFN:$STOX50 ratio, […]
US Dollar: Senate Tax Plan Vote, PCE Inflation Data In The Spotlight

US Dollar: Senate Tax Plan Vote, PCE Inflation Data In The Spotlight

Eurozone CPI takes top billing on the European data docket, with the headline inflation rate expected to have hit a seven-month high at 1.6 percent on-year in November. Meanwhile, the German labor-market statistics are expected to leave the jobless rate unchanged at 5.6 percent while Swiss GDP figures point to accelerating growth in the third quarter. None of these outcomes seem […]
FV
                        Anatomy Of A Bubble 101

FV Anatomy Of A Bubble 101

Video Length: 00:22:56 This has the potential to be a top, or it could just intensify the bubble mentality even more if not making it even that much more likely that investors get caught when the top arrives. The more times the market recovers the more convinced traders become that there is no risk thus […]
S&P 500 And Nasdaq 100 Forecast – Thursday, Nov. 30

S&P 500 And Nasdaq 100 Forecast – Thursday, Nov. 30

S&P 500 The S&P 500 went back and forth during the trading session on Wednesday, initially breaking out to the upside but turning around to form a shooting star. The shooting star of course is a very negative sign, and I believe that we could see a bit of a pullback. The 2600 level underneath […]