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A Busted Seasonal Trade For Home Builders

A Busted Seasonal Trade For Home Builders

The seasonal trade on home builders for 2017/2018 showed its first sign of trouble when the iShares US Home Construction (ITB) fell sharply off its 10+ year high in January on the same day the S&P 500 (SPY) set a new (and its last) all-time high. Almost two weeks later, in early February, the under-performance widened and […]
Bitcoin Big Bear Signal – 3 Line Strike

Bitcoin Big Bear Signal – 3 Line Strike

Where is Bitcoin heading? Video Length: 00:03:38
Gold Stocks & Silver Oversold But Not Gold

Gold Stocks & Silver Oversold But Not Gold

The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving […]
The US Currency Is Under Pressure

The US Currency Is Under Pressure

During yesterday’s trading, investors’ sentiment about the US currency improved slightly when South Korean officials said that North Korea was ready to give up on nuclear weapons if the regime was observed, and the US President Donald Trump pointed at the progress regarding the possible negotiations with North Korea. However, the US dollar is under […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, March 7

S&P 500 And Nasdaq 100 Forecast – Wednesday, March 7

S&P 500 The S&P 500 has been volatile during the choppy trading session on Tuesday, as we initially rallied significantly, but then turned around to form a bit of a shooting star. Perhaps the fears of trade war rhetoric still linger, so I think at this point were probably looking at a market that is […]
Italian Vote Leads To A Hung Parliament

Italian Vote Leads To A Hung Parliament

Italian Election: Big Win For Anti-Establishment The Italian election was on Sunday. It came and went with little response from the markets. However, since I’m a fundamental investor, I look at events the market isn’t focusing on now, but might focus on in the future. If you’re only looking at what is moving the markets today, […]
The SPY Of Crypto? Coinbase Launches Cryptocurrency Index Fund

The SPY Of Crypto? Coinbase Launches Cryptocurrency Index Fund

Coinbase dashed the hopes of thousands of ripple investors, who’ve been holding out hope that the exchange would add the coin, when it revealed that its “major announcement” Tuesday afternoon was, in fact, the introduction of the Coinbase Index Fund, a pioneering investing vehicle that just might do to cryptocurrencies what the ETFs like the […]
Some Steel Sector Indicators

Some Steel Sector Indicators

Here are some steel indicators which should give you pause for thought about national-security-rationalized tariffs. Output stable, real prices up. Figure 1: Raw steel production, 2012=100, Seasonally Adjusted (blue, left log scale), and Producer Price Index for Cold Rolled Steel Sheet and Strip, Jun 1982=100, Monthly, Not Seasonally Adjusted deflated by CPI less food and energy, […]
EUR/USD: A Close Above 1.2170 This Week A Trigger A Long Signal

EUR/USD: A Close Above 1.2170 This Week A Trigger A Long Signal

The euro is looking for a new direction and may have chosen the upside. Will we see further gains? A lot depends on the close. Here is the view from SocGen: Here is their view, courtesy of eFXnews: Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and maintains the view that a close above 1.2170 […]
Sensex Opens 120 Points Lower; Bank & Metal Stocks Lead The Losses

Sensex Opens 120 Points Lower; Bank & Metal Stocks Lead The Losses

Asian stock markets are lower in morning trade following news that Gary Cohn would resign as President Donald Trump’s top economic adviser after he lost a fight about tariffs. Cohn was one of several voices in the White House arguing against the planned tariffs on imports of steel and aluminum. The Nikkei 225 is off 0.19% while the Hang […]