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Yanking The Wax Away

Yanking The Wax Away

I know almost nothing about politics in Brazil. I had heard, however, there was a Presidential election on Sunday (that is, yesterday), and the “Donald Trump of Brazil” was rising in the polls. Well, he won, and Brazil equities exploded higher this morning. Examining the Fibonacci retracements, I noticed that we were trading near a […]
3 Best Japan Mutual Funds To Buy In October

3 Best Japan Mutual Funds To Buy In October

Japan’s economic output surpassed its full capacity, per a Bank of Japan (BOJ) estimate. Moreover, the output gap for the April-June quarter is highest since the October-December quarter of 2007. Moreover, in the second quarter of 2018, Japan’s economy expanded at its fastest pace in over two years. The world’s third-largest economy registered expansion after […]
Chinese Renminbi Falls Even After Support From PBOC

Chinese Renminbi Falls Even After Support From PBOC

Last week, China had a week’s long holiday as the country celebrated its independence. Over the weekend, the People’s Bank of China (PBOC) moved to stimulate the economy by lowering the capital reserve requirements for banks. The new measure will likely free more than $109 billion in capital. This move was also aimed at helping […]
Surefire Way To Reduce The Trade Deficit: Have A Recession

Surefire Way To Reduce The Trade Deficit: Have A Recession

Trump is desperate to reduce the trade deficit. Perhaps his trade policies will do just that, via global recession. A prolonged global trade war will add fuel to a nasty global recession. But look at the bright side. It’s a surefire way to reduce imports more than exports. The bigger the recession, the bigger Trump’s […]
Change Is In The Air

Change Is In The Air

Up here in the Northeast, Autumn seemed to literally come right before our eyes this weekend as the solid green blanket of foliage still in place Saturday morning gave way to the annual mosaic of yellows, oranges, and reds by Sunday afternoon. It really came quick! In the market last week, we also saw some big shifts […]
Treasury Snapshot: 10-Year Yield At 3.23%

Treasury Snapshot: 10-Year Yield At 3.23%

Note: We’ve updated this commentary with data through Friday’s market close. Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Friday at 3.23% and the 30-year bond closed at 3.40%. The 2-10 yield spread is now at 0.24%. Here is a table showing the yields highs […]
Will The Market Find A Bounce Today?

Will The Market Find A Bounce Today?

My Swing Trading Approach I came into Friday with one long position, which was an ETF that acts as a short position on the S&P 500. I closed out SPXU at $33.55 for a +4% profit. I am now 100% cash entering today, and looking to play a potential bounce if the market will allow for it.  Indicators Volatility […]
Tesla Tumbles To Post-Tweet Lows As Uncertainty Explodes

Tesla Tumbles To Post-Tweet Lows As Uncertainty Explodes

Tesla has not been this much more volatile than Nasdaq in almost five years (seven times more volatile) as Elon Musk’s recent mocking of the SEC has sparked yet more selling this morning – back near its lowest since April… And shares are tumbling once again following questions this weekend about Tesla’s safety record… …and questions also […]
USDJPY Declined On Sell-Off, Eyes 112.86 Level

USDJPY Declined On Sell-Off, Eyes 112.86 Level

USDJPY declined on sell-off during Monday trading session. It now eyes more weakness towards the 113.00/112.86 zone. On the downside, support lies at the 112.50 level where a break will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and lower towards the 111.00 level. Resistance comes in […]
Industrial Laser Names Under Pressure As Analysts Digest IPG Forecast Cut

Industrial Laser Names Under Pressure As Analysts Digest IPG Forecast Cut

Shares of IPG Photonics (IPGP), Coherent (COHR), and nLight (LASR) are slipping after Northcoast analyst Tom Hayes downgraded all three stocks to Neutral as he sees considerable headwinds remaining in place. His peer at Stifel also lowered IPG Photonics and nLight’s targets following the former’s negative preliminary quarterly results announced on Friday. MOVING TO THE […]