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USD/JPY Uptrend Faces Critical Fibonacci Resistance Zone At 108

USD/JPY Uptrend Faces Critical Fibonacci Resistance Zone At 108

USD/JPY 4 hour The USD/JPY is in a mild bullish channel which is testing key Fibonacci resistance levels. These Fib levels are a key break or bounce spot: a bullish break makes a wave 4 unlikely whereas a bearish break could indicate a continuation of the downtrend. The bullish pressure could see price make one […]
Why The M2 Slowdown Doesn’t Blunt My Inflation Concern

Why The M2 Slowdown Doesn’t Blunt My Inflation Concern

We are now all good and focused on the fact that inflation is headed higher. As I’ve pointed out before, part of this is an illusion of motion caused by base effects: not just cell phones, but various other effects that caused measured inflation in the US to appear lower than the underlying trend because […]
March UK PMI Registers Slowest Pace Of Growth

March UK PMI Registers Slowest Pace Of Growth

Economic activity as measured by IHS Markit’s Purchase Managers Index showed a broad-based decline across the manufacturing, construction and services sector in the UK during the month of March. Combined, the ‘all sector PMI’ that measures all three sectors was seen sliding to a 20-month low in the month of March and including weaker pace […]
Why We May Be Headed For Another ‘Minsky Moment’

Why We May Be Headed For Another ‘Minsky Moment’

I recently ran across a terrific chart in Grant’s Interest Rate Observer that got me thinking about Hyman Minsky and The Financial Instability Hypothesis. After remaining relatively unknown during the course of his lifetime, Minsky really came to fame in the immediate aftermath of the financial crisis as his hypothesis helped to explain what left most economists baffled: […]
WTI Crude Oil And Natural Gas Forecast – Friday, April 13

WTI Crude Oil And Natural Gas Forecast – Friday, April 13

WTI Crude Oil The WTI Crude Oil market initially pulled back during trading on Thursday but found enough support near the $66 level to turn around and form a bit of a hammer. The hammer, of course, is a very bullish sign, and the fact that we are starting to rally from the $66 level […]
PayPal Rolls Out Debit Cards, Check Deposits And Other Services For The “Unbanked”

PayPal Rolls Out Debit Cards, Check Deposits And Other Services For The “Unbanked”

Whether its Bank of America imposing a $12 fee on a popular low-budget checking account or Wells Fargo fraudulently opening fake accounts in their clients name and proceed to billing them – all without their knowledge – American consumers have every reason to be frustrated with the big retail banks. Which is one reason why Silicon […]
Sensex Opens 120 Points Up; Metal & Banking Stocks Top Gainers

Sensex Opens 120 Points Up; Metal & Banking Stocks Top Gainers

Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.5% while the Hang Seng is down 0.4%. The Shanghai Composite is trading down by 0.5%. US stocks rose sharply on Thursday after President Donald Trump clarified his position on a possible missile attack in Syria, while bank shares popped ahead of […]
Quantitative Analysis Of The Balance Sheet: When The Rubber Hits The Road

Quantitative Analysis Of The Balance Sheet: When The Rubber Hits The Road

Welcome to the third installment of the Road to Mastery Series, and you can read previous installments here. In the last installment we established that the quantitative elements are the businesses numerical data, which are found in: The cash flow statement The balance sheet The income statement The equity statement And in addition, the company’s annual […]
Will The Bulls Remain Tentative?

Will The Bulls Remain Tentative?

So, the weekend is ahead. Will the bulls remain tentative?
Rightsizing Your Trading

Rightsizing Your Trading

Investors can easily lose sleep over a position that goes the wrong way. Maybe the Dow Average cratered by 700 points, Gold was down $50, the Euro was spiking 2 cents, or oil was making one of its periodic $2 moves. What’s the answer? Cut your position in half. If your position is so large […]