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Generals Do Heavy Lifting, Soldiers Fall Behind

Generals Do Heavy Lifting, Soldiers Fall Behind

The 3Q18 earnings season begins in earnest next week. Small-caps have sold off big into this (more on this here), but not large-caps. The Dow Industrials Wednesday rose to a fresh high, although the session produced a candle with a long upper shadow. The S&P 500 large cap index (2925.51) is merely 0.5 percent from […]
Top 5 Charts Of The Week – Thursday, Oct. 4

Top 5 Charts Of The Week – Thursday, Oct. 4

This week we look at the following charts and themes: US vs the World (PMI divergences – how long can the US do its own thing?) Taiwan and China (the slowdown on the Mainland is mirrored in Taiwan) US treasuries and bond market volatility (at a clear turning point) US 30 year bond yields (breaking […]
3 Reasons For USD Strength That Weighs Heavily On EUR/USD

3 Reasons For USD Strength That Weighs Heavily On EUR/USD

The EUR/USD is trading below 1.1500, consolidating the falls. The US Dollar is propelled higher by three factors related to each other. The technical picture is bearish for the pair, with the “death cross” looming. The EUR/USD is trading below 1.1500, the lowest levels in six weeks. The pair fell sharply on Wednesday on US Dollar strength […]
Stocks Outlook – Thursday, Oct. 4

Stocks Outlook – Thursday, Oct. 4

Thoughts High yield spreads continue to narrow. A medium-long term bullish sign for the stock market. Unit profits are down: this equities bull market doesn’t have a lot of years left. Japanese stock market breakout! Interest rates are going up. NOT bearish for the stock market. U.S. stock market traders should ignore the stock market’s […]
Cryptocurrencies Drop Despite TD Ameritrade’s Partnership With Crypto-Related Exchange

Cryptocurrencies Drop Despite TD Ameritrade’s Partnership With Crypto-Related Exchange

Majority of cryptocurrencies in top 50 dropped in value on Wednesday, despite positive news that the US brokerage firm, TD Ameritrade is joining a group of financial corporations to back a new crypto-related exchange, ErisX. Bitcoin may even be signaling a bearish reversal. About ErisX and TD Ameritrade Partnership On Wednesday, ErisX announced its plans […]
Output Gap Most Negative Since 1980

Output Gap Most Negative Since 1980

This article will pack in as many economic signals as possible without it being too overwhelming. The list below shows 5 groupings of indicators which tell us the likely future performance of the consumer. The situation looks great as 17 out of 18 indicators are favorable and only one is mixed. Source: Bank of America Merrill Lynch The […]
Bitcoin Daily Forecast – Thursday, Oct. 4

Bitcoin Daily Forecast – Thursday, Oct. 4

Bitcoin markets did very little again during the day on Wednesday as volatility is all but disappeared. At this point, I think it’s very difficult for bigger moves to happen because the downtrend line is still very much in effect, but at the same time, we have massive amounts of support at the $5800 level […]
Indian Indices Continue Sell-Off; Sensex Plunges 830 Points

Indian Indices Continue Sell-Off; Sensex Plunges 830 Points

Indian share markets are trading deep in the red presently. The sell-off is seen on the back of rising crude oil prices and falling rupee. Sectoral indices are trading in the red with stocks in the IT sector, realty sector and energy sector witnessing maximum selling pressure. The BSE Sensex is trading down 830 points (down 2.3%) and the NSE Nifty is trading down 250 […]
Salesforce Is On Fire, Cheer Top Analysts

Salesforce Is On Fire, Cheer Top Analysts

Salesforce (CRM) calls itself the world’s #1 customer relationship management (CRM) platform. Its purpose is to help companies understand their customers’ needs and solve problems – all on one single platform. And right now the stock is basking in the Street’s highest praise. This is a company that “is making all the right moves, at the […]
Crude Oil Looks To Extend Trend Resumption

Crude Oil Looks To Extend Trend Resumption

Crude oil looks to extend trend resumption following its rally on Wednesday. This has increased the risk of further upside pressure towards the 76.50 level. Further out, resistance comes in at the 77.00 level. A break above here will aim at the 77.50 level and then the 77.50 level followed by the 78.00 level. Its […]