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Weekly Unemployment Claims: Jump Of 24K

Weekly Unemployment Claims: Jump Of 24K

Here is the opening statement from the Department of Labor: In the week ending March 31, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 24,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 215,000 to 218,000. The 4-week moving average was 228,250, […]
Meanwhile Back In The Real Economy

Meanwhile Back In The Real Economy

While markets get whipsawed on trade war fears, back in the real economy things are smoking. Not only did we see smoking demand for oil, the preponderance of economic data is signaling even stronger U.S. and global energy demand. Where it counts in jobs and growth, things are looking the best they have in years. […]
Facebook-Bullish Reversals Taking Place At 6-Year Support

Facebook-Bullish Reversals Taking Place At 6-Year Support

Facebook has been in the news of late, unfortunately for the bulls, its been mostly negative. Could this situation be creating an opportunity? The Power of the Patterns believes it has. Facebook has experienced one of its sharper declines in its short history, since the highs in January. The decline brought it down to rising support […]
The Next Crisis Will Be The Last

The Next Crisis Will Be The Last

It is an interesting thing. Throughout the last four decades there is a direct link between the actions of the Federal Reserve and the eventual economic and market outcomes due to changes in monetary policy. In every case, that outcome has been negative. The general consensus continues to be the markets have entered into a “permanently […]
EUR/USD: Dollar Gains As Fears Of A Trade War Diminish

EUR/USD: Dollar Gains As Fears Of A Trade War Diminish

In the past one month, the EUR/USD pair has moved up and down. It has moved to a high of 1.2477 before losing the gains to a low of 1.2237. The pair reached the above high on March, 27 following increased pressure about trade. Then, investors believed that the dollar would be a bigger loser […]
S&P 500 And Nasdaq 100 Forecast – Thursday, April 5

S&P 500 And Nasdaq 100 Forecast – Thursday, April 5

S&P 500 The S&P 500 pulled back initially during the trading session on Wednesday, reaching the bottom of the Bollinger Bands indicator. However, we have rallied rather significantly, and this is a strong sign, considering that we had sold off so drastically. Ultimately, the market that shows this type of resiliency is typically a very […]
Forex Critical: Mexican Peso – A Breakdown And The End Of A Trade

Forex Critical: Mexican Peso – A Breakdown And The End Of A Trade

When I last wrote about the Mexican peso three months ago, I described the NAFTA-driven context surrounding the breakdown of USD/MXN below its 50-day moving average (DMA). I was still holding onto a long-standing short on USD/MXN. I managed to keep holding this short until Wednesday evening (April 4, 2018). The Mexican peso is sustaining a […]
US Still On Track To Post Moderate GDP Growth In Q1

US Still On Track To Post Moderate GDP Growth In Q1

The latest announcements by the US and China to slap trade tariffs on each other could take a bite out of economic growth. But at this stage it’s just talk. The potential for trouble in the months ahead can’t be dismissed. Meantime, the current estimates for first-quarter GDP growth in the US point to a continuation of […]
KONE Engenders Elevators & Escalators Elegantly

KONE Engenders Elevators & Escalators Elegantly

This week my Safari portfolio seeks a high yield and growing stock in the Industrials sector.  That sector has twenty-three industries all busy designing, fabricating and servicing things we want and use from aerospace to waste management and all the business services and equipment required, in between. Today I’m reviewing another diversified industrials firm. It’s […]
S&P Futures Rise, Global Stocks Rebound As Trade War Fears Ease

S&P Futures Rise, Global Stocks Rebound As Trade War Fears Ease

Stocks across the globe rose in a continuation of yesterday’s euphoric rally that sent the Dow Jones nearly 1000 points higher from its session lows, as the moderation of trade war rhetoric – despite the tit-for-tat tariff announcements by China and the US – lifted risk sentiment across the board. As a result, whereas yesterday’s […]