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Dow Down 831 Points Yesterday – Is This The Beginning Of The End?

Dow Down 831 Points Yesterday – Is This The Beginning Of The End?

What a difference a day makes. The Dow lost 831 points yesterday. Is this it? Is this the start of the greatest crash in our lifetimes? Listen to my market update video to find out. There are two scenarios: either we have a sudden crash into late 2018/early 2019 or we survive this correction and continue to new […]
Hurricane Stocks

Hurricane Stocks

Hurricane Michael, one of the most powerful U.S. hurricanes on record, is delivering a devastating punch to the Southeastern United States and the U.S. stock market, delivering a punch to the nation’s portfolios. Oil prices followed stocks lower and any fear that Gulf of Mexico Oil infrastructure would be damaged went away with the wind. […]
Wall Street Sees Worst Day In 8 Months: ETF Winners & Losers

Wall Street Sees Worst Day In 8 Months: ETF Winners & Losers

Wall Street suffered its worst day yesterday in more than eight months as spike in Treasury yields dampened the appeal for riskier assets. The 10-year Treasury yield has climbed about 17 bps over the past seven days. This has sparked fears of a faster-than-expected rates hike that would lead to tighter financial conditions and thus […]
NZD/USD Forex Signal – Thursday, Oct. 11

NZD/USD Forex Signal – Thursday, Oct. 11

Today’s NZD/USD Signals Risk 0.75%.Trades may only be taken between 8 am New York time and 5 pm Tokyo time, during the next 24-hour period. Short Trade Short entry following bearish price action on the H1 time frame immediately upon the next touch of 0.6500. Put the stop loss 1 pip above the local swing […]
As The Markets Sell Off The Precious Metals Rebound

As The Markets Sell Off The Precious Metals Rebound

To the surprise of many investors, the precious metals have rallied while the broader markets continue to sell off. Currently, both gold and silver are solidly in the green while the major indexes were all the red following a huge sell-off yesterday. The Dow Jones Index has lost nearly 1,000 points in the past two […]
Four Main Economic Drivers Sputtering: Saxo Bank Charts

Four Main Economic Drivers Sputtering: Saxo Bank Charts

  Here’s a collection of charts from Saxo Bank’s CIO and Chief Economists Steen Jakobsen. Global Growth Sputtering ​   Steen gives four reasons global growth is sputtering. Her are some of his charts. Federal Tax Collections ​ Speculative Positioning ​ Sputtering Growth ​ Inflation Coming? ​ Stock Market Breadth ​ Apple Too Successful ​ […]
Walgreens (WBA) Q4 Earnings Top Estimates, Revenues Lag

Walgreens (WBA) Q4 Earnings Top Estimates, Revenues Lag

Walgreens Boots Alliance, Inc. WBA reported adjusted earnings per share (EPS) of $1.48 for fourth-quarter fiscal 2018, up 12.9% year over year (same at constant exchange rate). The figure surpassed the Zacks Consensus Estimate of $1.44. On a reported basis, net earnings came in at $1.5 billion, reflecting an 88.5% surge from the prior-year quarter. Reported EPS […]
U.S. Markets: On The Cusp Of Chaos

U.S. Markets: On The Cusp Of Chaos

Further to my observations outlined in my posts of August 6 (where I noted that 2900 represented a major Fibonacci resistance level for the SPX), September 29 (where I mentioned the possibility of equity weakness for the first part of Q4 ahead of the November 6 mid-term elections), and September 29 (where I discussed price on four of the Major Indices being embroiled in a technical chaos formation amid downside accelerating […]
Technically Speaking: Update – Markets Fail To Hold Support

Technically Speaking: Update – Markets Fail To Hold Support

This is a short update to Tuesday’s Technically Speaking post. In that post, I stated: “In this past weekend’s newsletter, I discussed the fact the markets had finally awoken to the reality that rates have once again broken above 3%. ‘Speaking of rates, each time rates have climbed towards 3%, the market has stumbled.’” Well, on Wednesday, the […]