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FX COT Update: JPY Shorts Unwinding Rapidly

FX COT Update: JPY Shorts Unwinding Rapidly

  EUR/USD Non-Commercials reduced their net long positions in the Euro last week selling 5k contracts to take the total position to 133k contracts. This latest bout of short covering came just ahead of the March ECB meeting where investors we mixed as to whether the bank would deliver the hawkish message that bulls have […]
S&P 500 At 2,800 Again, Breakout Or Fakeout?

S&P 500 At 2,800 Again, Breakout Or Fakeout?

Friday’s trading session was very bullish, as the main U.S. stock market indexes gained 1.7-1.8%. Investors’ sentiment improved following better-than-expected monthly Nonfarm Payrolls release. The S&P 500 index broke above its short-term consolidation and it got close to the late February local high of 2,789.15. The index currently trades 3.0% below January 26 record high of 2,872.87. […]
A Bull Market For The History Books — Bear Market To Follow Shortly

A Bull Market For The History Books — Bear Market To Follow Shortly

If you’re getting the sense that stocks always go up, that’s because they’ve been doing so for a really, really long time. From CNBC today: On the bull market’s ninth birthday, here’s how it stacks up against history • The Dow has quadrupled during the bull market, which turned 9 on Friday. • This is […]
Dropbox Set To Go Public At $6.7BN Market Cap, A Huge Haircut To Its Private Valuation

Dropbox Set To Go Public At $6.7BN Market Cap, A Huge Haircut To Its Private Valuation

Dropbox has filed the terms of its long-awaited IPO, according to which it aims to raise as much as $648 million, by marketing 36 million shares range from $16 to $18 apiece, resulting in valuation between $7 and $7.9 billion. Dropbox’s proposed market cap would be $6.7 billion, far below the $10 billion private company valuation that made […]
Sensex Ends Day 600 Points Higher; Bharti Airtel Leads Gains

Sensex Ends Day 600 Points Higher; Bharti Airtel Leads Gains

After opening the day in green, share markets in India witnessed a surge of positive trading activity throughout the day and ended the day on a strong note. Gains were seen across most sectors with stocks in the metals sector and stocks in the oil and gas sector, leading the gains. At the closing bell, the BSE Sensex stood higher […]
Orexigen Files For Chapter 11 Bankruptcy

Orexigen Files For Chapter 11 Bankruptcy

Orexigen Therapeutics  (OREX) announced that it has elected to file a voluntary petition under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Orexigen also intends to file a motion seeking authorization to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. The […]
Apple; Multi-Year Breakout Attempt In Play

Apple; Multi-Year Breakout Attempt In Play

Apple has been rather strong of late. Over the past 30-days, it has rallied over 12%. This gain was twice that of the S&P 500 during the same time frame and nearly 25% more than the NDX 100. This past week, Apple closed at all-time weekly closing highs. A breakout test is in play in […]
Morning Call For Monday, March 12

Morning Call For Monday, March 12

OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM18 +0.27%) this morning are up +0.33% at a 1-1/4 month high on positive carry-over from last Friday’s stronger-than-expected U.S. Fed jobs report. European stocks are up +0.52% at a 1-1/2 week high on gains in U.S. stocks along with upbeat comments from ECB Executive Board member Coeure who […]
Gold – Monday, March 12

Gold – Monday, March 12

Gold still consolidating its recent gains. We are waiting an exit from the range soon. Source: INVESTING.com
EUR/USD, GBP/USD Complete ABC Zigzag Within Wave 2

EUR/USD, GBP/USD Complete ABC Zigzag Within Wave 2

EUR/USD 4 hour The EUR/USD is staying in between support (green/blue) and resistance (red) levels, which is building a larger consolidation zone. The breakout above or below these S&R levels will determine the next direction and whether price will start an uptrend or downtrend. 1 hour The EUR/USD seems to have completed an ABC zigzag […]