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Market Overview As Facebook Reverses Cryptocurrency Ad Ban

Market Overview As Facebook Reverses Cryptocurrency Ad Ban

Even though Facebook has announced it will relax its ban on crypto ads, the market still struggled to gain a bullish momentum on Tuesday. We actually have had a number of positive coverage in the industry recently, however, the long-term market sentiment remains downward. This could be attributed to the fact that the hype over […]
Yuan Tumbles To 6-Month Lows As SGH Warns China Will Seek To Reduce US Treasuries “Appropriately”

Yuan Tumbles To 6-Month Lows As SGH Warns China Will Seek To Reduce US Treasuries “Appropriately”

The ‘weaponized’ yuan continues its collapse – back above 6.6 per USD for the first time since December and down 6% from the March highs. The last time the yuan devalued this fast, it unleashed hell on the world’s financial markets. Chinese stocks are fading at the open after yesterday’s bounce in Shenzhen and CHINEXT (tech-heavy) […]
Stocks Outlook – Wednesday, June 27

Stocks Outlook – Wednesday, June 27

Thoughts A repeat of the 1930s global tariff wars is unlikely. Truck Tonnage is still trending higher. A medium-long term bullish sign for the stock market. July is the strongest month of the summer for the stock market (seasonality) Bitcoin’s bounces are getting weaker and weaker. I think there’s a >50% chance of a big […]
Recent Stock Purchase II June 2018

Recent Stock Purchase II June 2018

The last time I made two buy tranches in any one month was back in February of this year. I guess seeing the market continue on its volatile trajectory prompted me to make additional buys before June officially expires. On another note, my broker Sharebuilder, formerly ING, formerly CapitalOne Investing, has been acquired by E-Trade and before […]
Completing The Triangle

Completing The Triangle

Gold needs about $10 more to tag the triangle trend line (but certainly not a guarantee, bears could get caught in a short squeeze if gold fails to make it all the way to the trend line). That should also push sentiment to full bearish extremes. Usually triangles break on the flat side. Source: sentimentrader.com
GBP/USD Challenges 61.8% Support Fib After ABC Correction

GBP/USD Challenges 61.8% Support Fib After ABC Correction

GBP/USD 4 hour The GBP/USD remains in a downtrend channel but the bearish momentum is weakening. Price is in a difficult spot because both the bullish correction and downtrend continuation are equally likely. That said, the wave count is favouring a larger corrective zone back towards the Fibs of wave 2 (pink). 1 hour The […]
Crude Oil Prices May Rise As Gold Falls, Both Approach Key Levels

Crude Oil Prices May Rise As Gold Falls, Both Approach Key Levels

Crude oil prices rose to their highest since May 24th on Tuesday despite plans from Saudi Arabia to increase output to a record 10.8 million barrels per day. This followed a response from over the weekend where Saudi Energy Minister Khalid Al-Falih said that the total OPEC+ oil hike will be closer to 1m b/d rather than +600k. The […]
AUDUSD Daily Analysis – Wednesday, June 27

AUDUSD Daily Analysis – Wednesday, June 27

AUDUSD is facing 0.7345 support, a breakdown below this level could signal resumption of the downtrend from 0.7676, then next target would be at 0.7200 area. On the upside, as long as 0.7345 support holds, the bounces from 0.7345 could be treated as consolidation for the downtrend and one more rise to 0.7500 area is […]
Stocks For You To Trade: TWTR, MHK, AMTD

Stocks For You To Trade: TWTR, MHK, AMTD

Wednesday’s swing-trades: Long Twitter (TWTR) Long Mohawk Industries (MHK) Short TDAmeritrade (AMTD)
Sensex Opens Flat; Energy & PSU Stocks Witness Selling

Sensex Opens Flat; Energy & PSU Stocks Witness Selling

Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.4% while the Hang Seng is down 0.5%. The Shanghai Composite is trading down by 0.6%. US stocks found their footing on Tuesday, helped by gains in the energy, technology and consumer discretionary sectors after a sharp sell-off a day earlier on […]