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EURGBP Price Recovery Remains Intact On Rally

EURGBP Price Recovery Remains Intact On Rally

The EURGBP price recovery remains intact following its rally the past week. Support stands at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break below here will aim at the 0.8750 level. On the upside, resistance resides at the 0.8950 level. A violation, if seen, will turn risk towards […]
Stocks Still Not Near The Bottom

Stocks Still Not Near The Bottom

The initial recovery off last week’s lows (near Dow 25K) was short-lived, quickly fizzling out ahead of Dow 26K, a key technical retracement. Once a former region of support turned resistance was highlighted, short-term momentum had quickly shifted back to equity bears, allowing for the latest bout of negativity to carryover into this week’s price […]
SharePlanner Reversal Indicator: End Of The Road Or More Selling Ahead

SharePlanner Reversal Indicator: End Of The Road Or More Selling Ahead

If my aim is to be totally PC about all of this, I would answer with “I don’t know” or the classic economic line of “it depends”.  What I personally think though, is that this market is clearly as oversold as it has been in ages. A full month of non-stop selling. In fact, there […]
The Market’s Trend Breakdown Has Been Confirmed

The Market’s Trend Breakdown Has Been Confirmed

On Wednesday, after the Dow plunged 608.01 points, I wrote a piece called “The #MAGA Stock Market Trendline Is Broken” in which I showed how the U.S. stock market’s sharp decline caused several major stock indices to break below their important uptrend lines 0.that have formed in early-2016. I described this breakdown as a “very important change of trend”. On […]
Agriculture Markets Report – Friday, Oct. 26

Agriculture Markets Report – Friday, Oct. 26

Video Length: 00:10:12
Weather Model Noise Keeps Natural Gas Relatively Range-Bound

Weather Model Noise Keeps Natural Gas Relatively Range-Bound

Natural gas prices continue to bounce around in a relatively narrow range the last few weeks as changes in weather model guidance keep pushing prices in varying directions. Initially, prices traded far lower this morning before some colder trends propped them up into the settle, with the November contract settling down just half a percent […]
Stocks Still Not Near The Bottom!

Stocks Still Not Near The Bottom!

The initial recovery off last week’s lows (near Dow 25K) was short-lived, quickly fizzling out ahead of Dow 26K, a key technical retracement. Once a former region of support turned resistance was highlighted, short-term momentum had quickly shifted back to equity bears, allowing for the latest bout of negativity to carry over into this week’s […]
Stocks And Precious Metals Charts – Non-Farm Payrolls Next Week

Stocks And Precious Metals Charts – Non-Farm Payrolls Next Week

Stocks came in plunging this morning after the shock results of the big lead sled dogs Amazon and Alphabet after the bell last night. After Asia and Europe when to bed the markets were ‘taken in hand’ and the indices were gradually led upwards, led by tech. The dollar was off a bit, and gold […]
Rail Week Ending October 20: Growth Rate Continues To Slow

Rail Week Ending October 20: Growth Rate Continues To Slow

Week 42 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Unfortunately, rail is approaching no growth. Analyst Opinion of the Rail Data Rail’s good growth seems to be running out – and the overall rate of growth in 2018 has […]