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Harris, L3 Technologies Near Agreement To Merge, WSJ Reports

Harris, L3 Technologies Near Agreement To Merge, WSJ Reports

Harris Corporation (HRS) and L3 Technologies (LLL) were in advanced discussions as of Friday to combine in a stock deal, Dana Mattioli and Dana Cimilluca of Wall Street Journal report, citing people familiar with the matter. The deal, which the companies are aiming to close as soon as this weekend, is expected to be marketed […]
Will Rising Rates Kill 60/40?

Will Rising Rates Kill 60/40?

There was a flirtation with the 200 day moving average with one close below it before taking it back on Friday. I have figured out what trade to do if the S&P 500 does breach its the 200 DMA for a second day in a row (this is a catalyst for defensive action in client […]
New Short-Term Uptrend Ahead?

New Short-Term Uptrend Ahead?

Are we ready for a new short-term uptrend? I’d say we are getting close, and on watch for the signs. I’m not sure how strong a new uptrend will be though. My guess is that the market continues to struggle until after the midterm elections. An interesting pattern is showing in this chart of the […]
Forex Forecast And Cryptocurrencies Forecast For October 15 – 19

Forex Forecast And Cryptocurrencies Forecast For October 15 – 19

First, a review of last week’s events: EUR/USD The US market sees a continuing correction, which leads to a weaker dollar. On Thursday, October 11, the US stock index S&P 500 lost the next 2%, causing investors to get rid of dollar assets. The process was also pushed up by the news that Donald Trump […]
Trading Support And Resistance – Sunday, Oct. 14

Trading Support And Resistance – Sunday, Oct. 14

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
Is The Taboo Against Raising Wages Beginning To Break?

Is The Taboo Against Raising Wages Beginning To Break?

It’s a ‘really’ slow news week for economic data — just producer and consumer prices tomorrow and Thursday. Even JOLTS doesn’t come out until next week. But there was one little nugget of good news: the NFIB, which represents small businesses, came out with their September report, and there was some good news about wages: more small […]
N. Dakota “Orphan Soybeans” At 236 Million Bushels

N. Dakota “Orphan Soybeans” At 236 Million Bushels

That’s from WaPo. In 2017, the US exported 1.2 billion bushels to China: North Dakota’s orphan soybeans today are nearly 1/5 of total sales to China in 2017… “Lots of guys will be scrambling,” said Joe Ericson, a grower who operates a 5,000-acre farm near Wimbledon. “It’s going to be a struggle. This year might not be as bad […]
EURUSD Weekly Analysis – Sunday, Oct.14

EURUSD Weekly Analysis – Sunday, Oct.14

EURUSD continued its sideways movement in a trading range between 1.1301 and 1.1851. The sideways movement is likely consolidation for the downtrend from 1.2555. As long as 1.1851 key resistance holds, the downside movement could be expected to resume, and a breakdown below 1.1432 support could trigger another fall towards 1.1000. Only a breakout of […]
AUD/USD Forecast October 15-19 – Not Out Of The Danger Zone Yet, Busy Week Ahead

AUD/USD Forecast October 15-19 – Not Out Of The Danger Zone Yet, Busy Week Ahead

The Australian dollar struggled at the 0.70 handle but did not fall off. It now faces the jobs report, Chinese GDP and more. Here are the highlights of the week and an updated technical analysis for AUD/USD. Stocks markets tumbled down and this adverse atmosphere weighed on the Australian Dollar, a risk currency. OK Chinese trade balance numbers and […]