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​BTC/USD Bullish Pennant Hints For A Breakout

​BTC/USD Bullish Pennant Hints For A Breakout

Source: BTC/USD Admiral Markets MT5 with MT5 – Accessed: 09.10.2018 01:13 AM Source: BTC/USD Admiral Markets MT5 with MT5SE Add-on – Accessed: 09.10.2018 01:13 AM The BTC/USD Cryptocurrency pair has formed a bullish pennant pattern just above the PP point and close to the R1 resistance. It means that we might expect a potential breakout of the R1 pivot towards R2 and R3. Tomorrow, we might see a slower […]
Growth Groups Move To Extreme Oversold

Growth Groups Move To Extreme Oversold

The US has had a rough go of it the past week, which we can explore using our Trend Analyzer. The past few days have seen many indices close lower; namely, the growth groups. Even though many have seen significant gains YTD—US Medical Devices (IHI) is up 24.02% and Retail ETF (RTH) is up 18.4%—in the […]
3rd Year Of The Presidential Cycle (After Midterm Election) Is Very Bullish For Stocks

3rd Year Of The Presidential Cycle (After Midterm Election) Is Very Bullish For Stocks

The third year of the presidential cycle is the year after the midterm elections (i.e. November 2018). Historically, this is extremely bullish for the U.S. stock market. Here’s what the stock market does next after midterm elections. Here’s what the U.S. stock market does in the average 3rd year of the presidential cycle. As you […]
Don’t Look Now, But The Chinese Yuan Just Staged A Massive Coup In Global Reserves

Don’t Look Now, But The Chinese Yuan Just Staged A Massive Coup In Global Reserves

For all the talk of quantitative tightening, it turns out global central banks actually accumulated reserves in the second quarter. The specter of “QT” haunts market on a near daily basis and because the post-crisis expansion of developed market central bank balance sheets has no real historical analog, it’s by definition impossible to know what […]
Billion Dollar Unicorns: Smartsheet Delivers High Growth, But No Profits

Billion Dollar Unicorns: Smartsheet Delivers High Growth, But No Profits

Billion Dollar Unicorn Smartsheet (NYSE: SMAR), went public in April this year. Analysts have big expectations from the company given that it has a modest 1% penetration in the cloud-based work management market, that some estimate, is more than a $20 billion opportunity. The company’s recently reported results show strong revenue growth, but profits have remained elusive. […]
US Unemployment Continues To Fall

US Unemployment Continues To Fall

The official level of unemployment for September in the USA has fallen to 3.7%, a level not seen for 49 years, since the time of the Hippies in 1969. The official unemployed figure, it must be recalled, relates to the number of people registered as unemployed and actively seeking work. Many economists regard an unemployment […]
A Wonderful Day For Reversal Traders In US Markets

A Wonderful Day For Reversal Traders In US Markets

A real game of two halves today in the US day trading session with the risk off sentiment expressed in the first half, duly replaced with a return to risk on, as the major US indices and exchanges reversed all the losses of the first part of the session to close near or above the […]
5 Top Bank Stocks To Buy Ahead Of Q3 Earnings

5 Top Bank Stocks To Buy Ahead Of Q3 Earnings

Banks might lose steam in Q3, thanks to a slowdown in loan growth and a relatively quiet quarter for the trading division. However, we shouldn’t forget that a higher interest rate environment works in favor of banks. On that note, let’s take a look at banks that are likely to make the most of the […]
Stocks Plunge After Panic-Bid At US Cash Market Open

Stocks Plunge After Panic-Bid At US Cash Market Open

Well that (de)escalated quickly.   *  *  * Presented with no comment…   FANGs suddenly panic bid, and banks dumped…  
Elon Musk Thinks Index Funds And Short Sellers Are Colluding

Elon Musk Thinks Index Funds And Short Sellers Are Colluding

If you thought Elon Musk (or as we like to call him in these quarters “Elon da Vinci”) was a dead man walking, you were wrong. Like Wile E. Coyote in the Road Runner cartoon, Musk can fall a thousand times off a thousand cliffs and never die. After Tweeting that Tesla (TSLA) had funding […]