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Tech Going To Rally Another 50%? Breakout Attempt In Play

Tech Going To Rally Another 50%? Breakout Attempt In Play

  This chart looks at the NDX100 ETF (QQQ) over the past 20-years on a monthly basis. Fibonacci was applied to the Dot.com highs in 2000 and the lows in 2003 at each (1). The rally over the past 15-years has QQQ testing it 161% extension level for the first time in history at (1). While it is testing […]
Weekly Unemployment Claims: Down 2K, Better Than Forecast

Weekly Unemployment Claims: Down 2K, Better Than Forecast

Here is the opening statement from the Department of Labor: In the week ending August 18, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of 2,000 from the previous week’s unrevised level of 212,000. The 4-week moving average was 213,750, a decrease of 1,750 from the previous week’s unrevised average of […]
Sensex Ends Flat; IT & FMCG Stocks Outperform

Sensex Ends Flat; IT & FMCG Stocks Outperform

Indian share markets ended broadly flat on Thursday amid weak Asian markets. At the closing bell, BSE Sensex ended up by 51 points, while, NSE Nifty ended up by 12 points. Sectoral indices ended the day on a mixed note with information technology stocks and FMCG stocks leading the gainers. While metal stocks and bank stocks ended the day in the red. Globally, Asian stock markets finished mixed as of […]
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                        Markets: Politics

E Markets: Politics

The risk-on and risk-off barometer remains the USD and given that the US dollar index is up on the day and equity markets are mixed – it’s all about the US data and further political stories ahead. Many think the risk of Trump impeachment rose so the risk should logically be lower but for the fact that […]
Morning Call For Thursday, August 23

Morning Call For Thursday, August 23

Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.03%) this morning are unchanged and European stocks are up +0.05% at a 1-week high. U.S. stocks were under pressure on escalation of trade tensions as the U.S. and China imposed fresh $16 billion of tariffs on each other that began at midnight. Trading activity was muted as […]
Trade War And Tightening Supply

Trade War And Tightening Supply

Oil is focused on trade war talks today against a backdrop of a very Bullish Energy Information Administration (EIA) petroleum status report. Oil prices jumped after the EIA reported a major 5.836-million-barrel drawdown in crude oil supply and near-record refining demand. U.S. crude oil refinery inputs averaged 17.9 million barrels per day during the week, […]
EURUSD: 1.15 Looming Again On The Horizon

EURUSD: 1.15 Looming Again On The Horizon

Previous: On Wednesday, the 22nd of August, trading on the euro closed up. After the publication of the minutes of the FOMC meeting, buyers tried to induce a rebound from 1.1581, but on Thursday during the Asian session, sellers returned it to 1.1542. The dollar has been under pressure for some time, as US President Donald […]
BTC/USD Forex Signal – Thursday, August 23

BTC/USD Forex Signal – Thursday, August 23

Yesterday’s signals produced a losing long trade from the bullish rejection of the support level at $6,636. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Long entry after a bullish price action reversal on the H1 time […]
Does Gold Go On Vacation?

Does Gold Go On Vacation?

Does gold go on vacation? I don’t know, but I am going for sure. Gold Always Pays Its Debts In July, I promised you to review some of the books about gold which you can find in the enormous library at the Mises Institute located in Auburn, Alabama. Now, it’s time to fulfill my obligation. In the picture below, […]
From Ruble To Rand, Can Bitcoin Expand?

From Ruble To Rand, Can Bitcoin Expand?

Oh no… the SEC has rejected another 9 bitcoin ETFs… It was largely apparent going into this that few people really expected these proposals to go through anyway. Bitcoin’s price experienced some minor volatility at the time of the announcement but the big ramp to $6,873 and the plunge back happened several hours before the decisions were released. Here’s the chart showing […]