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Risk Gauges Retreat Despite Rally

Risk Gauges Retreat Despite Rally

Despite the pre and post-election rally that resulted in three out of the four key US stock market indexes gaining nicely for the week, our risk gauges thought otherwise, slipping back to neutral territory. For tape readers, a failure here would be very disconcerting. October’s drop is now the second 10% drop this year. That […]
Wanna Buy, Wanna Buy: Alibaba Singles’ Day Has Record $30.8 Billion Sales

Wanna Buy, Wanna Buy: Alibaba Singles’ Day Has Record $30.8 Billion Sales

Alibaba smashed its Singles Day sales record on Sunday with $30.8 billion in sales, over $1 billion in the first minute. Channel News Asia reports Alibaba Singles’ Day Tops US$30 Billion but Growth Rate Plunges. Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan (US$30.70 billion) in sales on Sunday during its […]
AUD/USD Forecast November 12-16 – Has The Aussie Peaked Out?

AUD/USD Forecast November 12-16 – Has The Aussie Peaked Out?

The Australian dollar enjoyed a second consecutive week of gains, but the rally met its limits. What’s next? Australia’s jobs report and wage data stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia left the interest rate unchanged as expected. The rate statement and the quarterly […]
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                        SPX, Gold, Oil And G6 Targets For The Week Of November 12

E SPX, Gold, Oil And G6 Targets For The Week Of November 12

You can always count on the media to explain after the fact why something happened. The explanations for Friday’s sell-off were wide ranging, from oil to the Fed, to economic data, etc. For us, the reasons were of a technical nature and the clues were there well before the sell-off started. First, price had advanced well […]
Oil Price Enters Bear Market Even As U.S. Crude Output Hits Record High

Oil Price Enters Bear Market Even As U.S. Crude Output Hits Record High

  Fundamental Forecast for Crude Oil: Bearish CRUDE OIL TALKING POINTS Oil enters a bear market as the Organization of the Petroleum Exporting Countries (OPEC) shift gears to a ‘produce as much you can mode,’ and the current environment is likely to keep crude prices under pressure as the bearish momentum appears to be gathering pace. Oil prices have tumbled […]
DOTS In The Week Ahead: Divergence, Oil, Trade And Stocks

DOTS In The Week Ahead: Divergence, Oil, Trade And Stocks

The Federal Reserve’s confidence in the economy and its need to continue to gradually increase interest rates stands in sharp contrast to most of the other major central banks.The European Central Bank will finish its asset purchases at the end of the year, but it is in no position to begin to normalize interest rates. […]
Gold Post-Blue Ripple Trends To Technical Trickle

Gold Post-Blue Ripple Trends To Technical Trickle

Pre-stateside elections a week ago we penned (the “BUT” notwithstanding) “…should Congressional power shift left, Gold ought shift up and get above The Box (1240-1280).Should Congressional power stay right, Gold ought shift down and fumble about in the upper 1180s. Either way, look for price to escape this recent drudgery of the 1230s…” Which now, a […]
USDCAD Weekly Analysis – Sunday, Nov. 11

USDCAD Weekly Analysis – Sunday, Nov. 11

USDCAD extended its upside movement from 1.2782 to as high as 1.3021, breaking above the resistance level at 1.3226. A further rise could be expected and next target would be at 1.3385 resistance. Near term support is located at the rising trend line on the daily chart, only a breakdown below the trend line support […]
The Role Of Creative Insight In Trading Success

The Role Of Creative Insight In Trading Success

In the Trading Psychology 2.0 book, I outline several new frontiers for improving trading performance. One of the most interesting and promising is the enhancement of creativity. Simply put, the success of traders and investors rests on their ability to perceive unique, distinctive market opportunities that are not apparent to others. For the faster, shorter-term trader, […]
OPEC+ Floats 1 Million Barrel Production Cut After Oil Price Tumbles Into Bear Market

OPEC+ Floats 1 Million Barrel Production Cut After Oil Price Tumbles Into Bear Market

Oil prices entered a bear market last week, tumbling 21% from recent highs as it became clear that Trump will significantly water down Iran oil export sanctions by granting waivers to its 8 largest clients even as US inventory stockpiles are once again rising amid almost weekly records in US oil production. OPEC and its […]