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SP500: Testing The Broken Resistance As A Support

SP500: Testing The Broken Resistance As A Support

On the SP500, last week was replete with new all-time highs. If this came as a surprise to you, then you are probably relatively new to the market. We have many reasons to think that the upswing should be continued. Anyway, the scenario here was rather typical. The price made a V-shaped reversal, from the […]
Leading Indicators Shows No Signs Of Slowing

Leading Indicators Shows No Signs Of Slowing

The Leading Indicators report released this past Thursday reinforced signals of a strong US economy. From this release, there do not appear to be signs of a looming recession. Below we show the ratio of Leading Indicators to Coincident Indicators over the past 60 years. Historically, this ratio has been a very good leading indicator […]
Swiss Franc Continues To Decline Ahead Of The Fed

Swiss Franc Continues To Decline Ahead Of The Fed

The Swiss Franc is continuing the downward momentum that started last week after the decision by the Swiss National Bank. In the monetary policy meeting, the central bank said that while the economy was doing well, the accommodative monetary policy was likely to continue for the foreseeable future. This policy has led to the economy […]
PayPal’s Venmo Names Second General Manager In Two Years

PayPal’s Venmo Names Second General Manager In Two Years

Shares of PayPal (PYPL) are lower in morning trading after the company promoted Amit Jhawar to the position of general manager for money-transfer service Venmo, the second time in two years a new manager has been named. NEW VENMO LEADER: PayPal promoted Amit Jhawar was to the role of general manager of Venmo in August, […]
BTC/USD Forex Signal – Monday, Sept. 24

BTC/USD Forex Signal – Monday, Sept. 24

Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 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 frame following the next touch of $5,900 or $6.680. Put the stop loss 1 pip below […]
How Will The US Mid-Term Elections Impact Markets?

How Will The US Mid-Term Elections Impact Markets?

Geopolitical risk has been a dominant theme of 2018, with escalating trade tensions, Australia’s Prime Minister getting ousted, traders questioning the independence of Turkey’s institutions, and high-stakes negotiations around NAFTA and Brexit all grabbing headlines at various points this year. With traders focused on these day-to-day developments, arguably the most impactful political development of the […]
The Bearish Wedge

The Bearish Wedge

My Swing Trading Approach I am concerned the bulls are running out of steam here, and while, I can still be motivated to add more long positions to my portfolio, I will need to see the action in the broader market show the willingness to break through some overhead resistance.  Indicators Volatility Index (VIX) – Dropped […]
The Happy New World Of Tariffs

The Happy New World Of Tariffs

As President Trump imposes tariffs on China and elsewhere, much dark muttering is heard from the media and conventional economists about Smoot-Hawley and the 1930s. They are too gloomy. Two factors have changed since the 1930s: bloated government and the invention of computers, and their combination means that the Victorian dream of universal free trade […]
Weekend Review: Oil Rises After OPEC Meeting As China Halts Trade Talks

Weekend Review: Oil Rises After OPEC Meeting As China Halts Trade Talks

This weekend, China announced that it would halt all trade negotiations with the United States. This happened after the US issued sanctions on China for its purchases of Russian military equipment. This was a blow to free traders who hoped that the two countries would come to a deal. Over the weekend, China summoned its […]
Fundamentals Are Still Smiling At The Dollar

Fundamentals Are Still Smiling At The Dollar

Fundamentals are still smiling at the dollar There is a simple framework we can use to help evaluate the likely intermediate-term trend of the US dollar, measured in months and quarters. It is referred to as the dollar smile. I first saw this concept in a research note written by Stephen Jen, when he was […]