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Stocks To Trade: GOOGL, CBI, SHAK

Stocks To Trade: GOOGL, CBI, SHAK

Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Short Alphabet (GOOGL)   Short Chicago Bridge & Iron (CBI) Long Shake Shack (SHAK)
GBP/USD Builds Bearish Wave C In Bullish Wave 4

GBP/USD Builds Bearish Wave C In Bullish Wave 4

GBP/USD 4 hour The GBP/USD seems to be expanding the wave 4 (green) retracement and is retesting the Fibonacci levels. Wave 5 (green) could retest the previous top (red), which is an area where price can temporarily pause or reverse. 1 hour The GBP/USD could be completing a wave C (grey) of a wave 4 […]
Gold Surrender Gains As Dollar Rebounds

Gold Surrender Gains As Dollar Rebounds

Gold prices ended Tuesday’s session down $8.98 an ounce, pressured by a rebounding dollar. XAU/USD initially headed higher but it was unable to break through the resistance around $1358. Consequently, prices fell below $1345-1343 and returned to the support at the $1340 level as expected. In the latest economic data, The Conference Board’s consumer confidence […]
Your Fears Realized

Your Fears Realized

This is not click bait to have you read yet another bearish article on the stock market. I am bearish, by the way, but that has nothing to do with this article. Whether you manage large sums that are deeply invested in the market and hard to withdraw, or you are on a fixed income […]
FX COT Update: JPY Short Position Is Down 80%

FX COT Update: JPY Short Position Is Down 80%

  EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 14k contracts to take the total position to 133k contracts. This latest reduction in long positioning comes amidst the first sign of moderating economic activity in the Eurozone. Trading is expected to be light this week ahead of the Easter holidays. […]
Revelations Of Our Digital World

Revelations Of Our Digital World

Sink Your Fangs It seems like many of Wall Street’s favorite stocks had something weighing down on them, I mean, other than the massive personal data revelations and upcoming regulatory crackdown. Google, lost a case against Oracle and may be liable for $8.8 Billion in copyright infringements. Tesla and Nvidia plunged as they were forced to halt […]
Bi-Weekly Economic Review: Embrace The Uncertainty

Bi-Weekly Economic Review: Embrace The Uncertainty

There’s something happening here What it is ain’t exactly clear There’s a man with a gun over there Telling me I got to beware I think it’s time we stop, children, what’s that sound Everybody look what’s going down There’s battle lines being drawn Nobody’s right if everybody’s wrong Young people speaking their minds Getting […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, March 28

WTI Crude Oil And Natural Gas Forecast – Wednesday, March 28

WTI Crude Oil The WTI Crude Oil market initially tried to rally during the trading session on Tuesday but rolled over as the $66 level continues to bring and sellers. Because of this, I think that it’s likely we will continue to see a bit of downward pressure, as we are bit overextended. I think […]
Will The Euro Survive By 2021?

Will The Euro Survive By 2021?

The results of the Italian election is just starting to sink in. The rise of comedian Beppo Grillo to Italy’s most successful politician, who won 32.7% of the popular voted compared to Merkel winning 32.8% in the German election.  Following the election on March 4th, Grillo’s “five-star” party took by far the first place. Brussels […]
AUD/USD Daily Analysis – Wednesday, March 28

AUD/USD Daily Analysis – Wednesday, March 28

AUD/USD is facing 0.7672 support, a breakdown below this level could signal resumption of the downtrend from 0.7916, then further decline towards 0.7600 could be seen. The key resistance is at 0.7785, a break of this level would indicate that lengthier consolidation for the downtrend from 0.8135 (Jan 26 high) is underway, then further rally […]