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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 […]
Weekly Commentary: Back To Fundamentals

Weekly Commentary: Back To Fundamentals

The Dow (DJIA) jumped 545 points (2.1%) in Wednesday’s post-midterms trading. The S&P 500’s 2.1% rise was overshadowed by the Nasdaq Comp’s 2.6% and the Nasdaq 100’s 3.1% advances. Healthcare stocks surged, with the S&P 500 Healthcare Index up 2.9% (Healthcare Supplies index jumping 4.5%). Led by Amazon’s 6.9% (113 points!) surge, the S&P Internet […]
Trading Support And Resistance – Sunday, Nov. 11

Trading Support And Resistance – Sunday, Nov. 11

This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
GBP/USD Forecast November 12-16 – Waiting To Burst On A Brexit Deal

GBP/USD Forecast November 12-16 – Waiting To Burst On A Brexit Deal

GBP/USD traded up on rumors that a Brexit deal is imminent and down on worries that it could all break up. What’s next? Apart from Brexit, the UK releases three top-tier figures. Here are the key events and an updated technical analysis for GBP/USD. Rumors of a decisive cabinet meeting to approve a Brexit deal proved […]
Weapon Sales Across The Globe Drive Safety & Security Theme

Weapon Sales Across The Globe Drive Safety & Security Theme

The 2018 $717 billion Department of Defense budget included more than 20,000 more troops, 90 new F-35s, a $4 billion missile defense system and the creation of the Space Corps as a new arm of the Air Force. That budget was big news for defense contractors here in the United States, but doesn’t tell the […]
3 Tech Stocks Bucking The Market Downturn

3 Tech Stocks Bucking The Market Downturn

The tech sector has just finished its worst month since the Great Recession, and after glancing at the headlines you might be forgiven for thinking that the sky is falling. After all, Facebook, Amazon, Apple, Microsoft, and Alphabet (parent company of Google) did lose $75 billion dollars at the end of last week. News network CNBC summarized […]
S&P 500 Will Look To Trade Wars, FTSE To Brexit, DAX To GDP Data

S&P 500 Will Look To Trade Wars, FTSE To Brexit, DAX To GDP Data

  TALKING POINTS: Major event risk in the US midterm elections has passed but trade war threats linger for the S&P 500 FTSE will look to Brexit as a key UK minister tendered their resignation and the November 21st ‘deadline’ approaches DAX will continue to take cues from the Italian budget fiasco and trade wars Trade Wars Emerge as the Headline […]
Sector Shorts: Auto Manufacturing

Sector Shorts: Auto Manufacturing

Preface to all sector posts: I’m not going to dance around it: I am very short again. I have 99 different short positions and am aggressively positioned for the week ahead. I have gone through all my charts and have broken a portion of them into distinct sectors.       
Home Prices Are Now Plummeting In These 8 Major Cities

Home Prices Are Now Plummeting In These 8 Major Cities

In late September, we outlined how Bank of America called it: “The Peak In-Home Sales Has Been Reached; Housing No Longer A Tailwind.” Then in October, we noticed how existing home sales data retreated in September, dropping to the lowest level in nearly three years. All the while, an affordability crisis remains widespread in most cities across the US, but could […]
What’s Going On With Commodities

What’s Going On With Commodities