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Energy ETF (XLE) – Breakout Test In Play, 20% Gain In Store?

Energy ETF (XLE) – Breakout Test In Play, 20% Gain In Store?

Energy ETF (XLE) has struggled to get above the $80 level while creating a series of higher lows over the past 18-months. This price action could be creating a bullish ascending triangle pattern. The top of the pattern comes into play at the resistance line (1). If the resistance line (1) is taken out, a “measured move” calculation […]
XBTUSD: Buyers Have Broken The Trend Line

XBTUSD: Buyers Have Broken The Trend Line

The zone between 6,790 and 6,845 USD has been providing support to buyers for the last 3 days. Sellers have tried to break through it 5 times to no avail. In today’s European session, buyers have broken the trend line. They managed this with no effort whatsoever as the price had been caught in a […]
Technically Speaking: Are Bonds Sending A Signal?

Technically Speaking: Are Bonds Sending A Signal?

Michael Lebowitz previously penned an article entitled “Face Off” discussing the message from the bond market as it relates to the stock market and the economy. To wit: “There is a healthy debate between those who work in fixed-income markets and those in the equity markets about who is better at assessing markets. The skepticism of bond guys […]
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                        Forex Analysis Of GBP/USD For Tuesday, August 7

E Forex Analysis Of GBP/USD For Tuesday, August 7

First, we look into the previous day trade and what happened on August 6, 2018, and the GBP/USD pair opened at 1.30047 and went high at 1.30060 and gone to low at 1.29193 and finally closed at 1.29423. The calculated pivot point for the day is 1.29766. The difference between high and low was nearly […]
Sensex Ends Marginally Lower; Metal Stocks Witness Buying

Sensex Ends Marginally Lower; Metal Stocks Witness Buying

Indian share markets continued to witness volatility during the closing hours of the trading session and ended the day on a flat note. Gains were largely seen in the consumer durables sector and metal sector, while energy stocks and telecom stocks witnessed selling pressure. At the closing bell, the BSE Sensex stood lower by 26 points (down 0.1%) and the NSE Nifty closed higher by 2 points. […]
Value Investing For US Equities Continues To Rebound

Value Investing For US Equities Continues To Rebound

Several months ago I reviewed the case for thinking that the long-suffering value factor for US equity investing was in the process of reviving. At the time, the evidence was sketchy but the outlook was encouraging. Fast forward to early August and the bullish trend looks a bit stronger for this corner of equities. All the usual […]
Oil: Trade At Your Own Risk

Oil: Trade At Your Own Risk

Oil prices are on the rise as President Trump warns the world that anyone trading with Iran will not be trading with the USA. That pronouncement is directed at the EU who yesterday said that “We deeply regret the re-imposition of sanctions by the U.S., due to the latter’s withdrawal from the Joint Comprehensive Plan […]
Morning Call For Tuesday, August 7

Morning Call For Tuesday, August 7

Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.23%) this morning are up +0.24% at a 6-1/4 month high and European stocks are up +0.73% as global trade tensions take a back seat to S&P 500 company quarterly earnings results. Of the 420 S&P 500 companies that have already reported Q2 earnings results so far, about […]
BTC/USD And BTC/JPY Forecast – Tuesday, August 7

BTC/USD And BTC/JPY Forecast – Tuesday, August 7

BTC/USD Bitcoin fell again during trading on Monday, as we continue to see sellers jump into this market. We are now approaching the $6800 level, which is the beginning of the next support region that could open the door towards the $6000 level. I think at this point it’s obvious the bitcoin can’t sustain rallies, […]
Canadian Natural Resources Are Oil And Gas

Canadian Natural Resources Are Oil And Gas

Today I’m reviewing a large-cap oil & gas exploration and production (e&p) firm by the name of Canadian Natural Resources Limited. Its trading ticker symbol is CNQ. Canadian Natural Resources Ltd is an oil and natural gas producer in Western Canada and worldwide. Its portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, […]