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EUR/USD: The Pair Strayed, Then Returned To The Balance Line

EUR/USD: The Pair Strayed, Then Returned To The Balance Line

Previous: On Tuesday the 17th of January, trading on the euro/dollar pair closed 3 pips down. The intraday low was 1.2195. In the European session, the euro dropped after reports from Germany, where the Social Democrats are split on whether or not to join in a coalition government with Angela Merkel’s Christian Democrats. Later, a Reuters […]
Indian Indices Trade Marginally Higher; IT Stocks Witness Buying Interest

Indian Indices Trade Marginally Higher; IT Stocks Witness Buying Interest

Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the IT sector and banking sector witnessing maximum buying interest. Realty stocks are trading in the red. The BSE Sensex is trading up 123 points (up 0.4%) and the NSE Nifty is trading up 32 points (up 0.3%). The BSE Mid Cap index is trading down by 0.1%, […]
Markets Head Downward With Cryptocurrencies Leading The Decline

Markets Head Downward With Cryptocurrencies Leading The Decline

Bitcoin briefly hit below $10,000 on Tuesday on Coinbase, a leading cryptocurrency exchange, for the first time since crossing the milestone price in November 2017. Other key cryptocurrencies were also under pressure, with ripple falling below $1 and Ethereum sinking a whopping 30 percent to a low of $854 before heading higher. As of 2:11 p.m. […]
Unchain My Bullish Heart

Unchain My Bullish Heart

Funny, when Keith and I took a walk to town the other day, we saw this bronze sculpture. Chained, so nobody can walk away with a 400 pound bronze bull, we thought it potentially symbolic. Today in the market, someone tied a link chain around the bull’s neck and then padlocked it. It all began […]
Bitcoin’s Dramatic Fall From Grace

Bitcoin’s Dramatic Fall From Grace

I first started writing about BITCOIN in September of 2017 (all of my articles on this crypto curency can be found at this link). It has fallen to its 50% Fibonacci retracement level [measured from its all-time low of 4.2 (in February 2012) to its all-time high of 19,891.0 (in December 2017)], as shown on the following Monthly chart. And, as I reported (in the […]
Cryptocurrency Bloodbath Continues – What’s Next?

Cryptocurrency Bloodbath Continues – What’s Next?

Cryptocurrency Market Overview:  It’s been a bloodbath across the board for Bitcoin and other altcoins in the past few days. I’m not gonna say I told you so, but our buy-limit orders have been going through one after another. We had yet another live strategy development session Tuesday morning, setting up the next steps for […]
Global Fund Managers Are Long, Unhedged And Partying Like It’s 2019

Global Fund Managers Are Long, Unhedged And Partying Like It’s 2019

Global fund managers don’t see an equity pullback in 2018 and expect the bull market to continue into 2019 according to Bank of America’s latest Global Fund Manager Survey. The survey, which the bank conducts on a regular basis to gauge the sentiment of fund managers around the world, quizzed 213 panelists with $591 billion in assets […]
Stocks To Trade: TSLA, ACM, WY

Stocks To Trade: TSLA, ACM, WY

Wednesday’s stock picks Long Tesla (TSLA) Long Aecom Technology (ACM) Short Weyerhaeuser (WY)
Falling Prices Are A Good Thing

Falling Prices Are A Good Thing

There is nothing wrong with declining prices. What signifies industrial market economy under a commodity money such as gold is that prices of goods follow a declining trend. According to Joseph Salerno, In fact, historically, the natural tendency in the industrial market economy under a commodity money such as gold has been for general prices […]
Sketchy Bankruptcies Are Corrupting A Vital Market Mechanism

Sketchy Bankruptcies Are Corrupting A Vital Market Mechanism

News reaches us that a number of bankrupts – Scottish businessmen apparently – are fiddling the system. If true, then this is extremely serious: bankruptcy is the most important part of our economic system. Since we humans are prone to making mistakes, all of our economic systems are at risk. So we need a tool which will […]