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Stocks, Yuan Jump On Report Of New US-China Trade Talks

Stocks, Yuan Jump On Report Of New US-China Trade Talks

Once again, ‘hope’ is alive,  as US equities surge higher on headlines claim Washington is seeking a new round of trade talks with China (just two weeks after the last heralded round of trade talks amounted to a nothing-burger but prompted panic-buying in stocks). According to The Wall Street Journal, the U.S. is reaching out to China for […]
Bulls Bouncing Off

Bulls Bouncing Off

My Swing Trading Approach I booked profits in Adobe (ADBE) at $267.00 for a 2.9% profit yesterday, while also adding another tech stock to the portfolio. I am open to adding more positions today should the market continue on its current bounce of the last two days.  Indicators Volatility Index (VIX) – Dropped another 6.6% yesterday, down to […]
Gold, Silver, And USD Index – Three Important “Nothings”

Gold, Silver, And USD Index – Three Important “Nothings”

Today’s analysis is going to be different than the other ones. We usually discuss what happened on a given day, week, or month and we elaborate on what it changed and what it didn’t change in case of the outlook for gold, silver, and mining stocks. But not today. Today, we are going to focus […]
Broadcom Chart Shows Robust Price Action

Broadcom Chart Shows Robust Price Action

After slumping severely in early July following news that it would acquire CA Technologies, Broadcom has sprung to life. The company is looking so strong that it may actually light a fire among other struggling semiconductor stocks. Last week’s powerful surge higher (following a very positive Q3 earnings report) was on very high volume; many […]
USD/JPY Eyes Monthly-Low As US Producer Price Index (PPI) Disappoints

USD/JPY Eyes Monthly-Low As US Producer Price Index (PPI) Disappoints

JAPANESE YEN TALKING POINTS USD/JPY moves to the beat of its own drum in September, with the exchange rate pulling back ahead of the monthly-high (111.76), and dollar-yen may continue to consolidate ahead of the Federal Reserve interest rate decision on September 26 amid the mixed data prints coming out of the U.S. economy. USD/JPY EYES MONTHLY-LOW […]
82% Chance Of Precipitation

82% Chance Of Precipitation

It’s another good morning. I’m delighted to see the overnight strength destroyed. The next big test is for the small caps, shown below by way of IWM. We need to penetrate the symmetric triangle below. Thrusting and releasing, thrusting and release. Satan is on your buttocks! Hurry.
5 Best Bargain Peg Stocks For Value Investors

5 Best Bargain Peg Stocks For Value Investors

The popularity of value investing is on the rise. The success of billionaire value investors like Warren Buffett further underscores the fact. Over the past five years, his conglomerate Berkshire Hathaway’s book value has grown at a compound annual rate of 11% (The Economist). Per a July Motley Fool article last year, over the past […]
EUR/USD: ECB May React To Growing Signs Of Weakness

EUR/USD: ECB May React To Growing Signs Of Weakness

Euro-zone growth may remain robust, but the engine is slowing down. The ECB may exercise its conditionality and prolong the exit. The EUR/USD may lose more ground on growing divergence. The euro-zone grew at a pace of 0.4% QoQ in Q1 and also in Q2 2018. Forecasts for the third quarter are positive, and the […]
Trade Fears Push AUD/USD To The Lowest Level Since 2016

Trade Fears Push AUD/USD To The Lowest Level Since 2016

The Australian dollar has been under pressure as its price has declined to the lowest level since 2016. The downward momentum continued in the Asian session today causing the pair to fall to a low of 0.7090. There are two main reasons for the continued weakening of the Aussie. First, the price of major commodities, […]
WTI Surge Continues On Crude Draw, Production Drop

WTI Surge Continues On Crude Draw, Production Drop

Having pushed above $70 after last night’s API-reported crude draw, WTI is extending gains after DOE confirmed a sizable crude draw (though smaller than API) offset by large product builds (distillates), and helped by a production decline. API Crude -8.636mm (-1.75mm exp) – biggest draw since July 2018 Cushing +2.122mm (+900k exp) – biggest build since […]