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DXY Index Lingers Near August Swing Lows For Fifth Day

DXY Index Lingers Near August Swing Lows For Fifth Day

The US Dollar (via the DXY Index) continues to fight off attempts to push it lower, with yesterday’s doji bar forming at critical support over the past three-plus weeks. Now, price is testing the late-August swing lows for the fifth consecutive day, a sign that market participants are not quite ready to choose a direction for the […]
The Four-Day Consolidation Pattern

The Four-Day Consolidation Pattern

My Swing Trading Approach I went from a neutral portfolio to adding two new long positions and closing out my short position yesterday. I’ll look to add another long position today, if the market is able to follow through to the upside yet again today.  Indicators Volatility Index (VIX) – Dropped 6.3% yesterday. Could easily go […]
Desperate For Another Hit

Desperate For Another Hit

I rarely glance at my Facebook, but this morning I did and a friend of mine was asking if anyone got “lucky” with TLRY. In case you haven’t heard all the chatter, Tilray is a Canadian marijuana company which has become the newest darling of MOMO stock traders. This struck me as interesting, because the last time […]
Adobe Systems Makes Waves

Adobe Systems Makes Waves

Cloud-based application and computing names have been strong in 2018, and Adobe Systems has led the way. Powered by strong earnings and subscription growth, the company has transformed itself into a high-flying cash machine with an incredibly strong niche in this competitive industry. The chart tells the story. Note the strong uptrend of higher highs […]
Once Again, 10-Year T-Yield Attempts To Convincingly Take Out 3%

Once Again, 10-Year T-Yield Attempts To Convincingly Take Out 3%

The 10-year Treasury yield is at it again, trying to convincingly break out of just north of three percent. Shorts have done very well in the past year. They will mint money should a breakout occur. A lack thereof also raises the odds of a squeeze in due course. Once again, the 10-year Treasury rate […]
Lower Gold Production, Dismal Exploration Could Be Great For Gold Prices

Lower Gold Production, Dismal Exploration Could Be Great For Gold Prices

Looming Shortage Could Send Gold Prices Surging If you want to know where gold prices could be headed, it’s important to pay close attention to current supply. And right now, supply is telling us that there could be a shortage looming–and it could be great for gold prices. Investors should also note gold production and […]
Bitcoin Awaits The SEC Direxion ETF Decision – Levels

Bitcoin Awaits The SEC Direxion ETF Decision – Levels

Bitcoin prices have stabilized as tension rises towards the updated SEC deadline to approve or disapprove the request from Direxion for a Bitcoin Exchange Traded Fund (ETF). This could be a make or break moment for the granddaddy of digital coins. The deadline is on September 21st and the announcement could come at any moment. What […]
A Walking Contradiction – Warren Buffett

A Walking Contradiction – Warren Buffett

“I have ways of making money you know nothing about.” – John D. Rockefeller Contradiction- A situation in which inherent factors, actions, or propositions are inconsistent or contrary to one another- Merriam-Webster’s Dictionary Investors and the media can’t seem to get enough of Warren Buffett. They hang on his every word as if he was sent […]
Crude Oil Rises Despite API Data Of Increased Stocks

Crude Oil Rises Despite API Data Of Increased Stocks

In the past one month, the price of crude oil has moved up by more than 10%. The upward movement was associated to the continued decline in Saudi Arabia crude and the anticipated impacts of Hurricane Florence. In the past three years, Saudi Arabia has been reducing its crude stocks. In July this year, it […]
Nine “Fascinating” Stats About Inflation

Nine “Fascinating” Stats About Inflation

In a report on the history (and future) of inflation from Deutsche Bank’s Jim Reid, the credit strategist notes that while it may not feel like it, but we live in inflationary times relative to long-term history. Before the start of the twentieth century prices generally crept higher only very slowly over time and were […]