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ECRI Weekly Leading Index Update – Friday, March 16

ECRI Weekly Leading Index Update – Friday, March 16

This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 149.7, up 0.4 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.14%, down from 3.36% last week. The WLI Growth indicator is now at 5.6, down from the previous week. “Up […]
Bitcoin Review – Friday, March 16

Bitcoin Review – Friday, March 16

Over the last 24 hours, bitcoin’s price has stabilized around the 8,000 USD mark. I reckon that bitcoin’s decline slowed down as it approached the psychological support range of 5,000 – 7,500 USD, which I believe is bitcoin’s most fundamentally reasonable price. Judging by chart analysis, nothing radical has happened on the BTC/USD pair in […]
Buy These 3 Top Energy Stocks With Rock-Solid Dividends

Buy These 3 Top Energy Stocks With Rock-Solid Dividends

Crude supply has been normalizing, which has pushed the price of WTI and Brent to new three-year highs. More importantly, most companies are now able to cover their investment and payouts with cash from operations — something investors really want right now. In fact, riding on improving commodity prices, stronger production outlook and healthier cash […]
How Much Longer Can We Get Away With It?

How Much Longer Can We Get Away With It?

Alas, fakery isn’t actually a solution to fiscal/financial crisis.. This chart of “debt securities and loans”–i.e. total debt in the U.S. economy–is also a chart of the creation and distribution of new money, as the issuance of new debt is the mechanism in our financial system for creating (or “emitting” in economic jargon) new currency: when […]
Weekly Review: Inflation And Politics Dominate The Markets

Weekly Review: Inflation And Politics Dominate The Markets

This week, politics in the United States and in Europe dominated the markets. In the UK, Theresa May’s government entered into a conflict with Russia following the poisoning of a former Russian spy. Theresa and the West believe that Russia’s government is responsible for the assassination. As a result, the country expelled Russian diplomats and […]
Weakening Internals

Weakening Internals

The S&P 500 is starting the trading day just barely above its 50-day moving average, but the percentage of stocks in the index trading above their 50-DMAs is only at 43%. Also, as shown in the second chart below, there are now more stocks oversold (22.6%) than overbought (21%). Both of these readings on breadth […]
Bearish Tone Continues For Eurodollar

Bearish Tone Continues For Eurodollar

Just a quick follow up to my recent eurodollar post where I highlighted that a confluence of technical signals on the daily chart were likely to cause problems for the pair. This has indeed transpired with yesterday’s failure to take out the R4 Camarilla level at 1.2386 has seen the pair slide down to 1.2275 […]
Tiffany Q4 Earnings & Sales Beat, Issues FY18 View

Tiffany Q4 Earnings & Sales Beat, Issues FY18 View

Tiffany & Co. (TIF – Free Report), the designer and retailer of fine jewelry, came out with fourth-quarter fiscal 2017 results, wherein earnings of $1.67 per share surpassed the Zacks Consensus Estimate of $1.63 and also increased 15% year over year. Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 remained stable in the last 30 days. In […]
Crude Oil – Friday, March 16

Crude Oil – Friday, March 16

CL waiting for direction within converging price triangle. Source: INVESTING.com
Crypto Suddenly Spikes Higher As Bitcoin ‘Death Cross’ Looms

Crypto Suddenly Spikes Higher As Bitcoin ‘Death Cross’ Looms

With a ‘death cross’ looming in the cryptocurrency… The 50-day moving average is heading precipitously lower to cross the 200-day moving average, which would trigger a so-called ‘death cross’…   But Bitcoin has continued to find support above $8,000 (and the mystery dip-buyer’s territory), suddenly spiking over $300 in the last few minutes… And as goes […]