Category Archive: Finance, No picture
Models’ Updates: Sunday, September 2
Here’s what my various trading models are saying about the U.S. stock market right now. The Medium-Long Term Model states that you should be long stocks right now. We are in a “big rally in a bull market”. The next “big correction” or “bear market” is at least months away. The 17.2% trading model for newsletter subscribers states that […]
Toward ‘America First’ NAFTA
Despite the Trump administration’s frantic last-minute efforts to hammer the NAFTA agreement, the attempt failed within the US timeline, so the talks continue. Why is the revised deal so important to the White House? Last Friday, the trade talks between the United States and Canada broke off without an agreement. The negotiations on the revised […]
E Investors In Emerging Markets Worry As The Contagion Spreads
It began with Turkey and now it has started to spread as emerging market currencies tumbled last week. The markets were rattled yet again as the Turkish lira, the Argentine peso, the Indonesian rupiah and the Indian rupee all fell to recent lows. The negative sentiment is weighing on other Asian currencies and investors are […]
Is The Strengthening Of British Pound Temporary? ETF In Focus
The British pound touched its highest level since Aug 3 as an official from the European Union indicated progress in the Brexit deal. Sterling rose 1.2% on Aug 29, its biggest rise in the past two months. There has been a deadlock between the Britain Government and the European Union Member states on the issue […]
September Of The Flying Pigs
Depending on who you listen to, September is either ripe for a continuation of the record rally in U.S. equities or a potential minefield thanks to risks emanating from, among other things, i) a fresh escalation in the trade war with China, ii) the likelihood of renewed turmoil in the Italian bond market due to a budget battle between […]
COT Report: Speculators Increase Their Bets Against The British Pound
In this week’s Commitments of Traders Report, notable changes in speculator positions in major currencies and commodities are fairly limited. The most substantial changes can be seen in the British pound and the Swiss franc. Speculators significantly increased their bets against the British pound, while reducing their bets against the Swiss franc this week. Looking […]
Erdogan Vows To Abandon Dollar, “Doesn’t Need Permission” To Buy Russian Missiles
Another day, another angry rant by Turkish President Recep Tayyip Erdogan aimed at the US, who on Sunday vowed Ankara would abandon the dollar in transactions with Russia and other countries, accusing the US of behaving like “wild wolves.” “America behaves like wild wolves. Don’t believe them,” Erdogan told a business forum during the Turkey-Kyrgyzstan […]
What We’re Watching At The Citi Tech Conference
The Citi Global Technology Conference this Wednesday and Thursday is timely. We’re two months into the third quarter. Third quarters are important in tech because you have the build for the holiday season. Investors will be looking for any hints from management how trends are progressing. Here’s some of the things we’re looking for. General Body Language Frankly, […]
EUR/USD Forecast: Sunday, September 2
The Euro has rallied again for the last week of August, showing signs of strength. The 1.18 level above now is essentially everything when it comes to this market. If we can continue to see bullish pressure, it’s likely that we will finally clear that level. Once we do, I think that opens the door […]
Top And Flop ETFs Of August
Contrary to its ill-repute, August was reasonably pleasant for Wall Street with key indexes like SPDR S&P 500 ETF SPY, SPDR Dow Jones Industrial Average ETF DIA and Invesco QQQ Trust QQQ adding about 3.2%, 2.5% and 5% (as of Aug 30, 2018). While some segments of the broader market went through the roof, some were hit hard. We thus highlight a few […]
