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USD/JPY Correction Should Fail Below 107.9

USD/JPY Correction Should Fail Below 107.9

Short Term USDJPY Elliott Wave view suggests that the rally to 107.9 ended Minor wave X. Pair is expected to resume lower while bounces stay below this level. Down from Minor wave X at 107.91, Minor wave Y is in progress as a double three Elliott Wave Structure. Minute wave ((w)) of Y ended at 105.23 as a zigzag […]
Risks Of Dovish Forward Guidance In The March ECB Monetary Policy Meeting

Risks Of Dovish Forward Guidance In The March ECB Monetary Policy Meeting

The European Central bank will be meeting for its monetary policy meeting later today. According to the economists polled, the central bank is expected to put its monetary policy unchanged with interest rates and the repo rates staying the same while also maintaining the QE purchases at a steady pace of 30 billion euro per month. The QE […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Mar. 8

WTI Crude Oil And Natural Gas Forecast – Thursday, Mar. 8

WTI Crude Oil The WTI Crude Oil market broke down significantly during the trading session on Wednesday, as we sliced below the shooting star from the Tuesday session. The market reached down to the $61 level, but I think that we could roll over towards the $60 level next, which extends down to the $58 […]
Falling USD With Higher US Interest Rates Pushes Gold Higher

Falling USD With Higher US Interest Rates Pushes Gold Higher

There is something broken when shorter term interest rates go higher while the currency falls, and when it is the worlds largest economy it kinda matters. It means the US paper debt is not that attractive due to elevated inflation risks.  It looks like 2018 is repeating 1985-1988 gold trend, good accumulation along the 600 […]
Crude Oil Price Drop May Deepen As Trump Tariffs Force Retort

Crude Oil Price Drop May Deepen As Trump Tariffs Force Retort

Crude oil prices were unable to capitalize on a recovery in risk appetite, plunging after weekly EIA inventory flow data showed stockpiles added 2.41 million barrels last week. That topped estimates calling for a 2.19 barrel increase (though falling short of the 5.66 million jump predicted by API). The same report showed US production rose to 10.369 million barrels per […]
S&P 500 Sector Situation

S&P 500 Sector Situation

We often hear about what’s happening with the S&P500 – for the smarter people you hear the S&P500 is up or down X%, for the not so smart ones you hear the S&P500 is up or down XXX points (usually with some added hyperbole, etc). But what’s often not talked about as much, is what’s […]
Sensex Continues Momentum; Auto Stocks Gain

Sensex Continues Momentum; Auto Stocks Gain

After opening the day firm, share markets in India have continued the momentum and are trading comfortably above the dotted line. Sectoral indices are trading on a mixed note with stocks in the auto sector and stocks in the IT sectorl eading the gains, while stocks in the metal sector are trading in red. The BSE Sensex is trading up by 151 points (up […]
Stocks To Trade: NUE, ETFC, TRUE

Stocks To Trade: NUE, ETFC, TRUE

Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Nucor (NUE) Long E*Trade Financial (ETFC) Short TrueCar (TRUE)
EUR/USD Prepares For ABC Zigzag In Bearish Wave 2

EUR/USD Prepares For ABC Zigzag In Bearish Wave 2

EUR/USD 4 hour The EUR/USD has probably started with the wave 5 (pink) pattern but a break above the previous top (red) and trend line (red) is needed before price can potentially reach the 61.8% Fibonacci target. 1 hour The EUR/USD is in a break or bounce spot. A break above the 78.6% Fib target […]
Park Hotels: Chinese Conglomerate Overreaches, We Benefit

Park Hotels: Chinese Conglomerate Overreaches, We Benefit

We sold our Park Hotels (PK) the morning of February 5, as well as a very large chunk of the rest of our holdings.We sold at 27.83.As of Friday PK sold as low as 24.23.Why? A big Chinese conglomerate, the HNA Group, was a 25% shareholder of Park Hotels.   Good thing.HNA way over-extended itself and […]