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Archives by Year:
Major Markets Index Weakens
The Major Markets Index (XMI) has plunged back into its long-term uptrending Andrew’s Pitchfork channel after a January breakout failed to hold, as shown on the monthly chart below. It may be headed back to its next major support level and channel median around 2250. Its momentum indicator uptrend has been broken and is hinting of further weakness ahead on […]
Spotify Prices At $165.90, Valued Just Under $30 Billion
While there may have been some confusion whether it was Swedish or Swiss, there was nothing confusing about the precise price where Spotify broke for trading: at precisely 12:43 pm the first trade crossed at $165.90. As such, the world’s most popular music streaming service outdid analysts’ expectations during its Directly Listed public offering – the biggest […]
Death By Overfunding: What Led To The Sinking Of Shyp?
Last week, on-demand shipping startup Shyp Co-Founder and CEO Kevin Gibbon announced that the company is shutting down operations and laying off all employees. This comes after a five-year journey in which it had raised $62 million and had a valuation of $250 million. San Francisco-based Shyp was founded in 2013 by Kevin Gibbon, Jack […]
The Q Ratio And Market Valuation: March Update
The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market divided by the replacement cost of all its companies. Fortunately, the government does the […]
Tech Bubble And Trade Wars Trigger A Long Foretold Stock Market Crash
iStock.com/Petrovich9 A Stock Market Crash Is Inevitable as Tech Bubble and Trade War Expose Weaknesses Amazon.com, Inc. (NASDAQ:AMZN) stock has been getting the pneumatic hammer treatment on Wall Street. Many consider this a sign of the imminent stock market crash. The market lost some six percent of its value on April 2. Many like to blame President […]
Pound Higher After PMI Data
The Pound Sterling continued to climb during London trading on Tuesday after the release of the latest manufacturing data from the UK. According to Markit Surveys, the PMI manufacturing survey for March came in at 55.1, well above the 54.7 that had been predicted by analysts; the February reading, however, was revised downward to 55.0 […]
AUD/USD Technical Outlook: Price Testing Critical Uptrend Support
The Australian Dollar is approaching multi-year uptrend support after plummeting nearly 6% off the yearly highs. If the broader uptrend is to remain viable, prices will need to find a low ahead of this key structural support confluence in the days to come. It’s make-or-break here for the Aussie. AUD/USD DAILY PRICE CHART Technical Outlook: In this week’s Technical […]
Tesla Misses Goals, Musk Makes More Promises
Tesla is rebounding a bit today along with the general market, at least so far. Elon Musk promised speedy production. Bloomberg reports Tesla Eases Cash Concerns With Promise of Model 3 Progress. The company led by Elon Musk built 2,020 Model 3 cars in the last seven days, trailing its target for a 2,500-unit rate for […]
Gold: Patiently Waiting For… Nothing
Gold started the month with an upswing, silver soared and… Silver stocks declined. Yes, you read that right. Big upswings can be bullish developments, but it’s definitely not true in all cases. For instance, in this case, one could say that while it’s true that gold moved higher, it failed to move to the late-March […]
Is The Yen A Reliable Safe Haven?
After a perfect year in 2017 (S&P 500 up every single month), equity markets are struggling. The S&P 500 just finished down 2 months in a row (February, March) for the first time since early 2016. Meanwhile, the Japanese Yen is rising, leading all major currencies against the Dollar in 2018. Are these facts related? […]
