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Trading The Global Future

Trading The Global Future

The Trump administration’s ‘America First’ policies come at a critical time in the global economy. These bad policies will have adverse consequences in international trade. In the absence of countervailing forces, they could unsettle the post-2008 global recovery and undermine postwar globalization. This summer, the Trump administration’s tariff war penalized $50 billion worth of goods […]
Semiconductors Firm Up A Swing Low

Semiconductors Firm Up A Swing Low

There wasn’t a whole lot to Friday’s action but two indices which were struggling a little did benefit. The Semiconductor Index gained 1% as it bounced strongly off the bullish ‘morning star’. The consolidation triangle looks to be shifting to another pattern but resistance from triangle swing highs remains in effect and is the next […]
Would You Pay 11X For Tesla?

Would You Pay 11X For Tesla?

Would you pay an 11 PE for Tesla stock? Why not, right? Ford and GM trade at low multiples. But Tesla’s about to have blowout earnings growth starting in Q3 as per their guidance. We’re at about $27.00 in earnings for 2019 when factoring in 1) the gross margin ramp they saw in S&X in […]
The Next Economic Hurricane Will Be A Category 5

The Next Economic Hurricane Will Be A Category 5

Forex Forecast: Pairs In Focus – Sunday, Sept.16

Forex Forecast: Pairs In Focus – Sunday, Sept.16

The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Yuan Looks To Resumed Trade Talks, Summer Davos Forum For Outlook

Yuan Looks To Resumed Trade Talks, Summer Davos Forum For Outlook

  FUNDAMENTAL FORECAST FOR CNH: Bearish CHINESE YUAN TALKING POINTS: China seek to retaliate US through sanctions, amid resumed trade talks yet with uncertainties. Weak Fixed Assets Investment reveals concerns on the effectiveness of China’s fiscal policy. China’s Premier Li will speak at Summer Davos Forum and may provide clues to the economic outlook. The Chinese Yuan […]
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                        SPX, Gold, Oil And G6 Targets For The Week Of September 18th

E SPX, Gold, Oil And G6 Targets For The Week Of September 18th

Once again, extreme market breadth levels, coupled with a CIT date proved to be a powerful mix resulting in a 40+ point SPX swing. That wasn’t enough, however, to propel the index to new highs, and the SPX stalled at the projected high target. As a result, we’re stuck in a trading range. Since market […]
China May Cancel Trade Talks If Trump Extends Tariffs

China May Cancel Trade Talks If Trump Extends Tariffs

After Trump reached out to China offering trade talks, he then gave the go-ahead for more tariffs. China may back out. On September 13, the Trump administration reached out to China with an offer for more trade talks. The WSJ reported the “Trump administration said it sensed a new vulnerability—and possibly more flexibility—among Chinese officials […]
Owens-Illinois Jumps After Atlantic Investment Calls For Sale Of European Unit

Owens-Illinois Jumps After Atlantic Investment Calls For Sale Of European Unit

Shares of Owens-Illinois (OI) rallied during the Friday session after Atlantic Investment Management sent a letter to the company’s board urging it to sell its European business and use the proceeds to repurchase shares and pay down debt. WHAT’S NEW: Atlantic Investment disclosed in a regulatory filing that it had sent a letter to Owens-Illinois […]
Weekly Forex Forecast – Sunday, Sept. 16

Weekly Forex Forecast – Sunday, Sept. 16

USD/CAD The US dollar has been chomping around against the Canadian dollar for some time now, but it does look like we are trying to hold the 1.30 level as support. Beyond that, you could start to make an argument for a bit of a bullish flag, but I’m not completely convinced of it. I […]