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Market Thoughts And Forecast From The Legendary Robert Prechter

Market Thoughts And Forecast From The Legendary Robert Prechter

In a recent interview I conducted with the legendary market technician Robert Prechter, he offered some very interesting insights into how he views today’s market, along with his perspective on socionomics. He also provides us with a general forecast as to how he sees the market playing out in the coming decade. 1. How did […]
EUR/JPY Back To 116?

EUR/JPY Back To 116?

How EUR/JPY trades in the coming week hinges almost entirely on the outcome of this weekend’s French election. The results will affect the euro and risk appetite, which effectively amplifies EUR/JPY’s potential reaction. Chances are Marine Le Pen and Emmanuel Macron will be the last 2 standing and euro’s fate will depend on who has […]
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                        Gold Is On The Cusp Of Long-Term Bullish Reversal Ahead Of French Elections

E Gold Is On The Cusp Of Long-Term Bullish Reversal Ahead Of French Elections

Gold ended 2016 at $1150.62 and since then the metal has been on a winning streak that pushed prices to a five-month high of $1295.46. As of now, the metal trades around $1286; this amounts to 11.76% gain from the Dec closing level. One may feel confused as the Fed did move interest rates higher […]
Tech Sector Holds The Key

Tech Sector Holds The Key

As of mid-day on Friday (April 21), and during the past couple of range-bound months, the Technology sector is outperforming the large-cap and small-cap stocks, as shown on the following charts. It’s still sitting above both its 20 and 50 day moving averages, while the Dow 30, S&P 500, S&P 100, Nasdaq 100, Nasdaq Composite and Russell […]
Rig Count Rise Continues To Lead US Crude Production To 20-Month Highs

Rig Count Rise Continues To Lead US Crude Production To 20-Month Highs

With WTI prices back below $50, it appears stocks and NOPEC production are trumping any OPEC hype/hope and today’s Baker Hughes’ rig count merely adds to those concerns. For the 13th week in a row, the number of US oil rigs rose (up 5 to 688, the highest since April 2015). *U.S. GAS RIG COUNT UP 5 TO 167, BAKER […]
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                        The Lowdown On Long-Short ETFs

EC HH The Lowdown On Long-Short ETFs

EMAIL INBOX: Dave – read your article today.What is your take on the long-short ETF space at this point in the market?Products like DYLS and DYB are looking more appealing in my opinion.Interested to hear your take. The long/short ETF category is one that many investors may not even know exists. These strategies have typically been […]
Barclays Upgrades Costco After Protection From Amazon Shown In Survey

Barclays Upgrades Costco After Protection From Amazon Shown In Survey

The shares of Costco (COST) are rising slightly after Barclays upgraded the stock to Overweight from Equal Weight. After reviewing the results of its consumer survey, the firm says that Costco is “very protected from” the Amazon (AMZN) threat impacting so many others in brick-and-mortar retailing. SURVEY RESULTS AND ANALYSIS: Barclays’ survey of 600 consumers […]
Existing Home Sales Best Since February 2007: Good As It Gets?

Existing Home Sales Best Since February 2007: Good As It Gets?

Existing home sales beat expectations with a climb to 5.71 million units, seasonally adjusted annualized (SAAR). Econoday calls this an acceleration, is that what’s happening? Highlights The resale market, after a period of steady sales, is now accelerating to new expansion highs. Existing home sales rose a very sharp 4.4 percent to a higher-than-expected annualized rate of 5.710 […]
WTIC: Get Ready To Trade The Departure From $50.00 Per Barrel

WTIC: Get Ready To Trade The Departure From $50.00 Per Barrel

Written by Corey Rosenbloom Crude oil (StockCharts:$WTIC) has plunged toward the $50.00 per barrel level, collapsing from negative divergences into resistance. This was our forecast play for Oil – a bearish swing “down away from” the $54.00 level for members. Let’s see how it developed, study the pattern, and plan the next swing: Here’s a quote from […]
French Elections Preview And Gold

French Elections Preview And Gold

The first round of presidential elections in France is held on Sunday. What can we expect from that event and how can it affect the gold market? In the recent edition of the Market Overview, we wrote that centrist Emmanuel Macron and nationalistic Marine Le Pen were expected to move on the next round. However, the […]