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Archives by Year:
DXY Index Enters Fourth Day Down, Threatens False Breakout
The US Dollar (via the DXY Index) is on pace for its fourth day of losses after US President Donald Trump poignantly criticized the Federal Reserve for its efforts to tighten monetary policy, while at the same time suggesting that both China and the EU are taking efforts to devalue the Yuan and the Euro, respectively. While […]
QQQ Bull-Fear Tug Of War Intact, But Bulls Face Waning Momentum
QQQ bulls faced channel resistance a month ago but defended channel support of different duration. They are, however, facing headwinds of waning momentum. The bull-bear tug of war continues on QQQ (Invesco QQQ Trust). On July 25, bulls were rejected at six-month channel resistance (Chart 1). There have been subtle signs of fatigue since. […]
September Squeeze
September Squeeze September squeeze as the September futures contract outpaces the back months. The run into today’s contract expiration reflects the fact that U.S. refineries are running at a record pace and that last week’s crude oil build was not enough to satisfy the ravenous crude eating refineries. Yet, with the Trump administration’s promising more […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, August 21
WTI Crude Oil The WTI Crude Oil market was slightly positive during the day but more importantly, it was very noisy. When you look at the daily candle, you can see that we had no follow-through when it came to the rally. We could break above the top of the shooting star from the Friday […]
Greece Emerges From Bailouts
The nation of Greece will be able to finance itself through international money markets again, having completed the EU/IMF bailout process. Greece needed to turn to its EU partners and the IMF for financial support when the costs of borrowing money in the international market became prohibitive in the aftermath of the Global Financial Crisis […]
Sensex, Nifty Close At Record Highs; Healthcare And Power Stocks Witness Buying
Indian share markets continued to trade on a flat during closing hours of trade and ended the day marginally higher to close at fresh record high levels. Gains were largely seen in the healthcare sector and power sector. Both, the Sensex and Nifty, ended their day at record closing highs. At the closing bell, the BSE Sensex stood higher by 7 […]
This SOX
For much of the two-plus years since the Brexit vote in June 2016, semiconductors were one of, if not, the market’s biggest leaders. From the time it broke out in mid-2016 through its highs earlier this year, the Philadelphia Semiconductor Index (SOX) more than doubled, taking out its dot-com highs in the process. Another notable aspect […]
Morning Call For Tuesday, August 21
Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.16%) this morning are up +0.19% at a 6-1/2 month high on strength in technology stocks led by a 1% increase in Apple in pre-market trading after Bank of America/Merrill Lynch reiterated its Buy rating on the stock and raised its price target on Apple to $250 from […]
E Markets: Talking Down
The US President Trump talked down the USD and berated the FOMC for hiking yesterday and that remains the news today. Repeating news usually doesn’t move markets but for the fact that positions were too comfortably long USD and that markets are thin given the summer holidays. Markets didn’t get a lot of other news either and […]
Back To Normal
Here’s a graph for you. It certainly impressed me when I saw it yesterday. It shows how even though the price has declined since the beginning of the year, traders have not only maintained their positions, but are actually increasing their bitcoin holdings. The graph was inspired by a recent article in which our CEO and founder […]
