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October’s Selloff Was Panicky – Or Not – Depending On What Metrics One Looks At

October’s Selloff Was Panicky – Or Not – Depending On What Metrics One Looks At

One of the knocks against October’s selloff in stocks is that there was no capitulation. That depends on what indicators one looks at.   On October 10, the ratio between NYSE decliners and advancers read 7.9. In that same session, down volume was 9.8 times to that of up, followed by a reading of 4.9 […]
Exploding New Assets

Exploding New Assets

Cryptocurrencies have the potential to benefit a number of economies around the world but the largest potential market by far is India. In November 2016, on the same day that Donald Trump was elected, Prime Minister Narendra Modhi surprised his citizens with a new sanction. The new ordinance known as “demonetization” got rid of 86% of […]
Wavering Bulls

Wavering Bulls

Are there waivers coming from the US to some buyers of Iranian crude oil? The US government and OPEC are doing their part to try to cool oil prices ahead of US sanctions on Iran and yesterday they had some success. Not only did we see a 1.5-million-barrel release from the US Strategic Petroleum Reserve, to cool […]
US Futures Jump, Global Markets Rise As Dollar Tumbles

US Futures Jump, Global Markets Rise As Dollar Tumbles

After a torrid rally in the last two days of a brutal October helped offset some of the losses in the worst month for global equities in more than six years, world markets started off November in a sea of green with gains in Asian and European markets, and S&P futures pointed to a higher […]
Sensex Ends Day Flat; IT Stocks Top Losers

Sensex Ends Day Flat; IT Stocks Top Losers

After opening the day in green, share markets in India witnessed negative trading activity throughout the day, and ended below the dotted line. Sectoral indices ended the day in mixed, with stocks in the FMCG sector and stocks in the IT sector leading the losses. At the closing bell, the BSE Sensex stood lower by 10 points (down 0.1%) and the NSE Nifty closed down […]
Robot Stock ISRG Smashing Everything Right Now

Robot Stock ISRG Smashing Everything Right Now

WALL STREET STOCK COMMENTS When an analyst upgrades a stock, it’s time to pay attention. Especially if it comes from a top-performing analyst. So it’s no surprise that robotic surgery stock Intuitive Surgical, Inc. (ISRG – Research Report) has caught the eye. The stock has just received an upgrade from five-star Canaccord Genuity analyst Jason Mills (Track […]
Dollar Slumps To Start New Month

Dollar Slumps To Start New Month

Overview: It appears that month-end considerations deterred the dollar selling that the technical indicators warned was coming and as the new month starts, the dollar is offered. It is weaker against all the major currencies and most of the emerging market currencies. The two main developments include progress on the EU-UK Brexit negotiations that will allow […]
Major Asset Classes – October 2018 – Performance Review

Major Asset Classes – October 2018 – Performance Review

There was almost no place to hide in October. Except for cash, all the major asset classes lost ground last month, marking the first across-the-board setback since February’s widespread declines. Stocks in the US and around the world posted the biggest losses, led a hefty setback in emerging market equities. The MSCI Emerging Markets Index tumbled […]
GBP/USD Rises Ahead Of BoE Decision

GBP/USD Rises Ahead Of BoE Decision

We expect the MPC to vote unanimously to maintain the bank rate at 0.75%, with a non-negligible probability that a minority dissent in favor of an immediate hike. Three months ago at the August meeting, the MPC voted unanimously to hike the bank rate by 25bp and said that further “gradual and limited” rate hikes […]
USD/CAD Daily Analysis – Thursday, Nov. 1

USD/CAD Daily Analysis – Thursday, Nov. 1

USD/CAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.3065, a breakdown below this level could bring the price back towards the bullish trend […]