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S&P-Patterns Suggests 10% Decline Upcoming On Support Break

S&P-Patterns Suggests 10% Decline Upcoming On Support Break

The top chart above highlights that the Dow has spent the majority of the past 70-years inside of a rising channel. The bottom chart highlights that the 10-year yield has spent the majority of the past 25-years inside of a falling channel. Support is support until broken and both are testing short-term support lines at each […]
EURUSD: Euro To Come Under Pressure Until Trading Closes In Europe

EURUSD: Euro To Come Under Pressure Until Trading Closes In Europe

Previous: On Tuesday the 3rd of April, trading on the euro/dollar pair closed down. The daily patterns from the 2nd and 3rd of April are very similar, although the fundamentals behind them are different. In Europe on Monday, buyers reached a new session high before sinking to new lows. Then, on Tuesday, the euro jumped to 1.2335 before […]
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                        Canada’s Job Market Has Improved Significantly Over The Last Two Years

E Canada’s Job Market Has Improved Significantly Over The Last Two Years

Canada’s economy grew 3% in 2017 and created a huge number of new jobs (427,300 jobs). The unemployment rate in January and February fell to 5.8% — a four-decade low. In 2017 Canada created an average of 35,600 jobs per month, most of which were full-time positions. This was the strongest expansion since 2002 (See […]
All The Thunder But Very Little Lightening

All The Thunder But Very Little Lightening

Just because cryptocurrencies operate outside of government policy doesn’t mean they’re devoid of politics. The controversy between Bitcoin and Bitcoin Cash came to a head yesterday at a convention called Deconomy in Seoul South Korea. The pinnacle was a stand-off debate between Samson Mow and Roger Ver. Unfortunately, there doesn’t seem to be any professional-grade […]
What’s Your Risk Tolerance?

What’s Your Risk Tolerance?

The stock market has once again been doing what it does best: reminding investors that markets go down too. After a virtually nonstop run from 6,500 on the Dow in 2009 to the huge 40% increase following the election, many forgot that sell-offs not only happen but are a fact of life. And as the […]
Dividends By The Numbers For March 2018

Dividends By The Numbers For March 2018

March 2018 saw the second-largest ever number of dividend cuts be declared by U.S. firms and funds in a single month. The month’s 92 dividend cuts reported was just one shy of the record 93 cuts that were recorded during the Great Dividend Raid of 2012, when the very real threat of greatly higher taxes on […]
Light Vehicle Sales Per Capita: Latest Look At The Long-Term Trend

Light Vehicle Sales Per Capita: Latest Look At The Long-Term Trend

For the past few years, we’ve been following a couple of transportation metrics: Vehicle Miles Traveled and Gasoline Volume Sales. For both series, we focus on the population adjusted data. Let’s now do something similar with the Light Vehicle Sales report from Motor Intelligence and the Bureau of Economic Analysis. This data series stretches back to January 1976. Since that first data […]
EUR/USD Reverse Bullish Divergence At W L3 Pivot

EUR/USD Reverse Bullish Divergence At W L3 Pivot

Source: Admiral Markets MT5 with MT5SE Add-on The EUR/USD has formed a reverse bullish divergence exactly at W L3 Pivot point. Reverse or exaggerated bullish divergence is the type 3 divergence. The price is double bottom-ish while the oscillator makes a higher low. The EUR/USD price might bounce from 1.2255-65 and go straight up. If the 1h candle […]