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1-Year Treasury Rates Hit 10 Year High

1-Year Treasury Rates Hit 10 Year High

Yesterday in the bond auction, the 1-year Treasury bill yield hit a 10-year high at 2.02 percent. This is good news for savers as they are finally starting to see some risk free returns on their money in the bank. Furthermore, new Fed Chair Jerome Powell testified on Capitol Hill and suggested that there will […]
US Dollar Bullish Momentum Faces Final Resistance Zone

US Dollar Bullish Momentum Faces Final Resistance Zone

EUR/USD 4 hour The EUR/USD broke below the support trend line (dotted blue) and is now testing the previous bottom (green). The support zone is a key decision level for a bullish bounce or bearish breakout and will decide whether USD strength or weakness will prevail. A bearish break makes a wave 4 (purple) pattern […]
Sensex Trades In Red; Manufacturing Activity Slows Down

Sensex Trades In Red; Manufacturing Activity Slows Down

After opening the day in red, Share markets in India have continued the downtrend and are presently trading deep in red. Sectoral indices are trading on a negative note, with stocks in the metal sector and stocks in the banking sector witnessing maximum buying interest. The BSE Sensex is trading down by 250 points (down 0.7%) and the NSE Nifty is trading down 82 points […]
AUD/USD Daily Analysis – Wednesday, February 28

AUD/USD Daily Analysis – Wednesday, February 28

AUD/USD broke below 0.7790 support, indicating that the downtrend from 0.7988 has resumed. Further decline would likely be seen in the coming days and next target would be at 0.7700 area. Near-term resistance is at 0.7830, only break above this level could bring price back to test 0.7893 key resistance. Above this level could take […]
The Divergence Of GE And The S&P 500

The Divergence Of GE And The S&P 500

Watching the movement of the stock prices of individual companies change with respect to one another can be a lot like watching the flight of a flock of starlings. Imagine, if you will, a flock made of the stock prices of the individual companies that compose a stock market index like the S&P 500 (Index: INX). A […]
Silver Hits Key Support Amid Hedge Fund Exodus

Silver Hits Key Support Amid Hedge Fund Exodus

While the dollar is down around 3% year-to-date, not all dollar-denominated assets are rallying and in fact, silver is now the biggest loser among the precious metals. Palladium’s recent resurgence has pushed it back above silver for the year (though still in the red) as Gold and Platinum remain in the green for the year. […]
Stocks To Trade: SPLK, BAC, FSLR

Stocks To Trade: SPLK, BAC, FSLR

Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Splunk (SPLK)   Long Bank of America (BAC) Short First Solar (FSLR)
Bi-Weekly Economic Review: One Down, Three To Go

Bi-Weekly Economic Review: One Down, Three To Go

Economic Reports Economic Growth & Investment We pay particular attention to broad-based indicators of growth. The Chicago Fed National Activity Index and the Conference Board’s Leading Economic Indicators are examples. We watch them because we are mostly interested in identifying inflection points in the broad economy and aren’t as interested in the details. Why? Because, […]
Moving Averages: Month-End Preview – Wednesday, February 28

Moving Averages: Month-End Preview – Wednesday, February 28

Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month. At this point, before the close on the last day of the month, all three S&P 500 strategies are signaling “invested” — unchanged from last month’s triple “invested” signal. Three out of […]
S&P 500 Index: Near-Term Trendline Apex Support Levels

S&P 500 Index: Near-Term Trendline Apex Support Levels

The following daily chart (and close-up shot) of the S&P 500 Index is criss-crossed by a number of trendlines. There are a couple of near-term price levels where these intersect at their apex (2730 and 2685). Should both of these be breached with force, we’ll likely see another leg down. My last post referencing the SPX:VIX ratio offers further details that would corroborate such a […]