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The Gloves Are Off

The Gloves Are Off

The gloves are coming off and its every oil producer for themselves. Oil prices got slammed as Saudi Arabia oil minister Khalid Al – Falih suggested that not only will  Saudi Arabia step up to “meet any demand that materializes to ensure customers are satisfied” but all other producers should be doing the same. So, […]
Boeing Flies

Boeing Flies

For all the talk about yesterday’s rebound off the early lows, we think it’s important to keep some perspective that equities still finished the day in the red, marking the fifth straight down day for the S&P 500 and the 12th negative day in the last 14. Things are looking a little better today, though, as […]
Stock/Bond Indicator Testing 36-Year Support

Stock/Bond Indicator Testing 36-Year Support

This chart looks at the S&P 500/10-Year Yield ratio over the past 40-years, on a monthly basis. The ratio started creating a series of highs lows in the early 1980’s, reflecting that stocks were moving up faster than yields. Over the past few years, the ratio has traded sideways, creating a potential “head & shoulders topping […]
Boeing Surges After Beating, Guiding Higher; Sends Dow 120 Points Higher

Boeing Surges After Beating, Guiding Higher; Sends Dow 120 Points Higher

After trading deep in negative territory as recently as 7:29am ET, the Dow Jones index surged, and is now well in the green thanks just to one stock: Boeing. The key DJIA component reported earnings that handily beat expectations, while raising profit and sales forecasts for the year: Q3 core EPS of $3.58 solidly above […]
Higher Rates Are Crushing Investors

Higher Rates Are Crushing Investors

There is an old saying that proclaims, “it’s not the size of the ship, but the motion of the ocean.” Since this is a family-friendly publication, we will leave it at that. However, the saying has a connotation that is pertinent to the bond market today. Much of the media’s focus on the recent surge […]
Bitcoin Daily Forecast – Wednesday, Oct. 24

Bitcoin Daily Forecast – Wednesday, Oct. 24

BTC/USD Bitcoin continues to do very little during the day as markets are essentially flat. We are following a very flat 50 EMA on the daily chart, as the market simply has nowhere to be. Looking at the down trending line, it looks as if we are trying to try to break above there, but […]
USDCAD Daily Analysis – Wednesday, Oct. 24

USDCAD Daily Analysis – Wednesday, Oct. 24

USDCAD remains in the uptrend from 1.2915, the pullback from 1.3132 could be treated as consolidation for the uptrend. As long as 1.3025 support holds, the uptrend could be expected to resume and further rise to 1.3200 area is still possible. Only a breakdown below 1.3025 support could bring the price back towards the bullish […]
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                        Markets: Not Enough

E Markets: Not Enough

Sufficient and necessary conditions permeate all strategies for trading and today is no exception. The bounce back in US markets yesterday from the lows was a necessary condition to believing in the “buy-the-dip” function that has worked so well over the last 10 years of ZIRP and QE. Unfortunately, this is not enough to make the markets […]
EURUSD: Italian Debt Sell-Off Piling Pressure On The Euro

EURUSD: Italian Debt Sell-Off Piling Pressure On The Euro

Previous: On Tuesday the 23rd of October, trading on the euro closed slightly up. Despite the bulls’ efforts to recover their losses, they were held back by the uncertainty surrounding Italy and the UK. The European Commission has officially requested the Italian government to revise its 2019 budget in accordance with the EU’s fiscal requirements. Italian […]
Disney: Fox Acquisition Secured And Strong ESPN Streaming Numbers

Disney: Fox Acquisition Secured And Strong ESPN Streaming Numbers

Stock Trends Upward to New Highs: Disney (DIS) has finally broken out to new highs as the Fox (FOX) acquisition and its streaming initiatives come into the fold. Now that the Fox acquisition is complete and its assets are being absorbed by Disney this once opaque situation now appears clear and definitive. Furthermore, Disney is […]