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EUR/USD Faces Further Weakness

EUR/USD Faces Further Weakness

The EUR/USD pair looks to follow through higher on the back of the past week’s gain. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 […]
USD/JPY Takes A Dive And May Continue Lower – Forecast March 26-30

USD/JPY Takes A Dive And May Continue Lower – Forecast March 26-30

Dollar/yen dropped to a new 16-month low of 104.63 and for good reasons. Concern about the global trade was a primary driver and the trouble is not over. The last week of March is the end of the fiscal year in Japan. In addition, US GDP, the Tokyo inflation report, and politics may have their say again. […]
Trade Wars Would Wipe Out Tax Cut Benefit For S&P 500 EPS

Trade Wars Would Wipe Out Tax Cut Benefit For S&P 500 EPS

This headline from Bloomberg’s lead Saturday story pretty much sums it up: “A Horror Week for the Dow Has Investors Begging for Trump Respite”. That reminds me of something we wrote last Sunday in our week ahead preview. Recall this: Again, I guess what I would say here is that if something goes “wrong” with all […]
Weighing The Week Ahead: Can A Trade War Be Avoided?

Weighing The Week Ahead: Can A Trade War Be Avoided?

The economic calendar is normal, and we have a four-day trading week. Last week’s big stock decline will surely be on the minds of many. With measures and counter-measures, threats and rhetoric, the trade issue will command the attention of all. The punditry will be searching for signs of compromise, wondering: Can a trade war […]
A Retrospective In Charts Of The Crash Of 1987

A Retrospective In Charts Of The Crash Of 1987

After a long ramp higher, marked by a narrowing rally driven by the concept of portfolio insurance and program trading, the market began to correct lower in the latter part of the year. The first chart shows the hallmarks of what I had identified as a ‘crash scenario’ some years ago. It begins with a […]
Gold Buyers Brigade Averts A Cascade

Gold Buyers Brigade Averts A Cascade

In looking back a week ago to “Gold’s Narrow Trade; Beware a Cascade”, prices since breaking away from such narrow trading range did come true — right on cue — and up price flew. As if  it was foretold by the sybyl, here’s our updated view: Such expansion of range was clearly due, but it […]
SPX And DJIA Approaching Crucial Support Levels

SPX And DJIA Approaching Crucial Support Levels

The S&P 500 (SPX), the Dow Jones Industrial Average (DJIA) and most indices closed in the red on Friday. Since February 1st, markets experienced a rather volatile period and it was no exception for both the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA). Our article today will look into why Both the […]
SJW Corp: Is This Small Cap Dividend King Attractive Here?

SJW Corp: Is This Small Cap Dividend King Attractive Here?

Companies that have at least 50 years of dividend growth are considered Dividend Kings. You can read more about this select group of companies here. Dividend growth investors won’t be surprised to find large cap names like Johnson & Johnson (JNJ) and 3M (MMM) among the Dividend Kings. These large cap names are some of […]
Australian Dollar Looks Mired In Growing Trade-War Worries

Australian Dollar Looks Mired In Growing Trade-War Worries

AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: BEARISH Fears of tit-for-tat tariff imposition have weighed on the Australian Dollar There’s not key domestic information on tap this week to divert attention Trade news flow will be key and doesn’t look promising The Australian Dollar was in thrall to overseas events last week and, with very little of note on […]
Market Cycles From The Cradle To The Coffin

Market Cycles From The Cradle To The Coffin

The Modern Family was seen shopping last week. No, not for new clothes, or fancy vacations. And not for a brand new car or bigger home. Rather, Granddad Russell 2000, Granny Brick and Mortar Retail, Transportation, Sister Semiconductors, Prodigal Son Regional Banks, and Big Brother Biotechnology, decided it was time to prepare for the worst. With […]