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Weekly Market Outlook – Back Between A Rock And A Hard Place

Weekly Market Outlook – Back Between A Rock And A Hard Place

  The market may have been up on Friday, but it wasn’t really enough to offset the loss booked for the whole week. Regardless, stocks remain in a proverbial no-man’s land, under some key resistance lines and above a key support levels. Traders just aren’t sure what to do here, struggling to figure out if […]
Weighing The Week Ahead: Will The US Launch A Trade War?

Weighing The Week Ahead: Will The US Launch A Trade War?

The economic calendar is normal but featuring the monthly employment report. Usually that would be the focus, and it might become so by week’s end. Until the situation is clarified, the paramount question will be: has the US ignited a trade war? Last Week Recap My last full edition of WTWA, two weeks ago, asked whether […]
United States As Energy Exporter: Is It “Fake News”?

United States As Energy Exporter: Is It “Fake News”?

Much of the media coverage of the American energy industry implies that America has become a vast and growing exporter of energy to the rest of the world and that this has created a sort of “energy dominance” for the country on the world stage. Whether such reports qualify as so-called “fake news” depends very much on […]
Telecom Stock Roundup: Solid Q4 For ATUS, TDS, USM, WIN And FTR, Mixed Bag For AMT

Telecom Stock Roundup: Solid Q4 For ATUS, TDS, USM, WIN And FTR, Mixed Bag For AMT

The telecom industry witnessed strong earnings performances by most of the key stocks last week. Altice USA Inc. ATUS, Telephone and Data Systems Inc. TDS, United States Cellular Corp. USM, Frontier Communications Corp. FTR and Windstream Holdings Inc. WIN delivered strong financial results in the fourth quarter of 2017, wherein both the top and bottom line outpaced the Zacks Consensus Estimate. Total […]
USD/CAD Weekly Analysis – Sunday, March 4

USD/CAD Weekly Analysis – Sunday, March 4

USD/CAD extended its upside movement from 1.2248 to as high as 1.2915, facing the previous high resistance at 1.2920. A breakout of this level could take price to 1.3200 area. Support is at the rising trend line on the daily chart, only a clear break below the trend line support could signal completion of the […]
Euro Contends With Italian Election Results, ECB Meeting

Euro Contends With Italian Election Results, ECB Meeting

Fundamental Forecast for EUR/USD: Neutral Italian election results won’t be officially released until Monday morning, and exit polls have a history of being well-off the market. Take what you see at market open on Sunday with a grain of salt. The ECB is likely to signal that easing will continue for the foreseeable future, especially given […]
More Selling In The Offing?

More Selling In The Offing?

Last week, I wrote about the looming bull trap. On Feb 27, the stock market topped and the SPX fell 142 points or about 5% in 3 days. My observation was based on time cycles and Elliott Wave. Most of the decline was blamed on the Trump announcement of tariffs on Aluminum and Steel, with […]
SPX At Another Crossroad

SPX At Another Crossroad

After the abrupt and significant correction from 2872 took place, I questioned whether it could end before the 40-wk cycle had made its low in May. That does not mean that we could not have a retest of the high before dropping back into the cycle low.  The market has been very volatile since the […]
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                        Have Gold Prices Bottomed?

E Have Gold Prices Bottomed?

Gold Futures Gold futures in the April contract settled last Friday in New York at 1,330 an ounce while currently trading at 1,326 down about $4 for the trading week, however, its currently trading up $18 as money flows are coming out of the equity market and into the precious metals as a flight to […]
3 Strategies For Managing Higher Volatility

3 Strategies For Managing Higher Volatility

“Everyone has the brain power to make money in stocks. Not everyone has the stomach,” once observed legendary fund manager Peter Lynch. His point was that most people don’t have the stomach – or emotional stamina – for sticking to an investment plan when market conditions get choppy. What makes 2018 remarkably different from the […]