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Vietnam Has A Compelling Technical Pattern

Vietnam Has A Compelling Technical Pattern

In 2023, one of our best callouts and profitable swing trade was buying the Vietnam ETF (VNM) on the lows and riding it to its peak in September 2023.We did a hold a tail though into the correction and finally exited in January 2024.We have been aside since.With the huge sell-off in equities, we revisit […]
GBP/USD Withers Into A Fresh Five-Week Low

GBP/USD Withers Into A Fresh Five-Week Low

Photo by Colin Watts on Unsplash  GBP/USD slid nine-tenths of one percent on Tuesday. Pound Sterling continues to soften on social unrest, BoE cuts. Markets have pivoted back into Fed rate cut bets. GBP/USD backslid nearly a full percent on Tuesday as the Pound Sterling continues to deflate against the broader FX market. The US Dollar found a soft patch […]
USD/CAD Holds Steady Above 1.3750 As Calm Returns After The Rout

USD/CAD Holds Steady Above 1.3750 As Calm Returns After The Rout

Photo by Michelle Spollen on Unsplash USD/CAD trades on a flat note near 1.3785 in Wednesday’s early Asian session.  Markets bet that the Fed will start cutting rates next month with a 50 bps reduction to its policy rate. The Canadian employment report on Friday will be closely watched.  The USD/CAD pair trades flat around 1.3785 during the early […]
Stocks And Precious Metals Charts – Attractive But Difficult Market

Stocks And Precious Metals Charts – Attractive But Difficult Market

Stocks tried to extend the rebound from late yesterday afternoon.And for a time they succeeded quite well, taking back most if not all of the losses from the prior big slide.But alas, it did not last, and the major indices slid back down to where they opened this morning.VIX has come down a bit from […]
Dead Cat Bounce Or Something Better?

Dead Cat Bounce Or Something Better?

After three days of selling it was hardly surprising to see bulls take a peak from under the blanket. Having said that, it was all fairly tentative, with only half the volume of prior selling days. But buying is buying and there is probably more in the tank for the next couple of days, although […]
Nasdaq McClellan Oscillator – Chart Analysis

Nasdaq McClellan Oscillator – Chart Analysis

Image Source: Pexels Bob Lang gives a technical analysis of the stock chart for NAMOT.Audio Length: 00:05:17More By This Author:Is A Recession Coming? Market Analysis And Chart Review – Thursday, Aug. 1BlackRock Inc – Chart Analysis
ABNB Flashes Recession Warning

ABNB Flashes Recession Warning

Last Monday I suggested that McDonald’s (MCD) 2Q24 US Comps of -0.7% implied the economy was rolling over. However, one commenter on Stocktwits rightly pointed out that MCD is a barometer of the spending of the lower and lower-middle classes – and not so much the middle and upper class.However, the opposite applies to AirBnB (ABNB) […]
Market Talk – Tuesday, Aug. 6

Market Talk – Tuesday, Aug. 6

Image Source: Pixabay ASIA:The major Asian stock markets had a mixed day today:• NIKKEI 225 increased 3,217.04 points or 10.23% to 34,675.46• Shanghai increased 6.59 points or 0.23% to 2,867.28• Hang Seng decreased 51.02 points or -0.31% to 16,647.34• ASX 200 increased 31.00 points or 0.41% to 7,680.60• KOSPI increased 80.60 points or 3.30% to 2,522.15• […]
Market Morsel: SLOOSing

Market Morsel: SLOOSing

Image Source: Pexels The Senior Loan Officer Survey came out yesterday and I’m sure you’ve been waiting on pins and needles, as I have, to see the results. Okay, maybe you had better things to do. I sure hope so because it isn’t exactly riveting. Here’s the description from the Fed’s website: Survey of up to […]
Wall Street Advances Higher As “Fear Gauge” Cools

Wall Street Advances Higher As “Fear Gauge” Cools

Wall Street bounced back today, even though stocks lost some momentum toward the end of the session. All three major indexes snapped their three-day skids, as investors cheered resilient Japanese markets and stepped back from fears that the U.S. is on the fast track to another recession.The Dow added 294 points but was up over 750 points at its […]