Category Archive: Finance, No picture
USDCAD Daily Analysis – Wednesday, Sept. 19
USDCAD broke below 1.2975 support, suggesting that the downside movement from 1.3226 has resumed. Further decline could be expected in the coming days and next target would be at 1.2887 support. Resistance levels are at 1.3000 and 1.3064, only break above these levels could signal completion of the downtrend.
Sensex Remains Rangebound; HDFC AMC & Reliance Nippon Tumble Over 8%
Stock markets in India are trading in a range with positive bias in the afternoon session amid firm cues in the Asian markets and a recovery in rupee. Gains are largely seen in metal stocks and energy stocks. The BSE Sensex is trading up by 66 points and the NSE Nifty is trading up by 26 points. Meanwhile, the BSE Mid Capindex and the BSE […]
E GBPJPY Can Face Resistance Near 149.00
GBPJPY is moving sharply to the upside and even accelerating above 146.00 that we see now as an ongoing five-wave move within wave C. As such, there is room for 149.00 where three wave corrective recovery from August low can come to an end. From there a new three-wave minimum reversal can follow. GBPJPY, 4h
Crude Oil Prices Rise Even As Trade War Heats Up – Now What?
Crude oil prices soared reports circulated around the markets citing unnamed Saudi Arabia sources as saying the kingdom is comfortable with prices north of $80/barrel. That implies the top producer will not step up output to cap even a substantive rise from current levels. Gold prices oscillated, with the standby anti-fiat asset echoing directionless volatility of the US Dollar. The […]
AUDUSD Daily Analysis – Wednesday, Sept. 19
AUDUSD is facing 0.7235 resistance once again, a breakout of this level could trigger further upside movement towards 0.7300. Near-term support is at 0.7190, a breakdown below this level could bring the price back towards 0.7141 support.
Tit-For-Tat Tariffs Hurting U.S. Automakers: ETF In Focus
The global auto-giants have invested more than $75 billion in the United States and their operations provide livelihood to about 130,000 Americans. But trade tensions may force these companies to reevaluate their strategies related to the United States. One of President Trump’s goals was to bring down the large trade deficit. The figures report otherwise as trade deficit […]
3 Growth Stocks To Pick From The Retail-Discount Industry
There seems to be a lot of cheer in the Retail – Discount Stores industry that has surged close to 46% in a year’s time, with quite a few companies cutting a promising figure. The industry, which comfortably crushed the S&P 500’s rise of almost 19%, is riding on strategic endeavors by companies and a flattering economic […]
The Market Has A Fairy Godmother
The fairy godmother tells Little Nemo to “proceed boldly over the carpeted path in the sky and to fear nothing as she would be near him continuously”. I almost feel like ending the Daily right here. After all, much can be said for the market and its fairy godmother. Instead, I will review the close […]
These Stocks Are Getting Ready To Break Out Now
In tonight’s video, Corey walks you through a scan of the most compressed stocks in the S&P 500 and highlights how to trade a future breakout from the key support or resistance price levels along with how to set targets for any breakout trade. (Video length 00:09:27)
Forks In The Road
We have written profusely about the investment myopia of today which has focused on “growth at any price companies” without regard to profits or free cash-flow. We do this because we know success in investing requires a healthy degree of discomfort for it to be profitable, and we know how much comfort today’s investor has found by […]
