Category Archive: Finance, No picture
EUR/USD Forecast Ahead Of ECB Decision And U.S. Inflation Data
Image Source: Unsplash The EUR/USD will be in the spotlight this week as the European Central Bank (ECB) delivers its interest rate decision. It will also be in focus as the US releases the upcoming consumer inflation data. It was trading at 1.0567, a few points below last week’s high of 1.0620. US inflation data ahead […]
PEPE soars to $11 billion market cap, price sets new record high
Key Takeaways PEPE has seen a 1,538% increase year-to-date, outperforming most top 100 crypto assets. Binance.US, Coinbase, and Robinhood recently announced support for PEPE trading. Share this article Pepe coin (PEPE) reached a new all-time high of $0.000026 over the weekend, pushing its market cap above $11 billion for the first time ever, according to […]
Economic Data Forecasts For The Weeks Of Dec. 9 & 16
Here are my forecasts for upcoming economic data. Prior Forecast Observation Week of December 9 December 9 Wholesale Inventories – October (p) 0.0% -0.2 December 10 NFIB Small Business Optimism Index -November 94.0 […]
Has A New Short-Term Downtrend Begun?
Image Source: UnsplashThe stock market has been confusing lately, as demonstrated by the chart below. The RSP ETF (SPX Equal-Weight) in the lower panel below shows that the general market has been weak for a number of days, but the traditional SPX (Cap-Weight) in the upper panel has been rising.My thinking is that money is flowing into […]
Silver Trading Strategy: XAGUSD Analysis & Forecast
More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Dec 6 Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Dec 5 Gold Trading Strategy, XAUUSD Analysis & Forecast – Wednesday, Dec 4
Warning Signs Flash For Intel As Stock Rates Zero
Image Source: UnsplashI’ll admit, this is a bit geeky, but the greatest thrill in the life of a systematic investor comes when you least expect it — when one of your own systems surprises even you. Because let’s face it, that’s the whole point of all the hard work.With Green Zone Power Ratings, we’re building a system that can […]
What Else Is There To Say About This Strong Tape; Three New Swing Positions
Image Source: UnsplashThere is not much to say about this tape. I remain fully invested, and I’m just rotating from the laggards, taking some profits in the extended leaders, and moving that money into the new long signals. All signals are ‘grade B’ at best, so I am just taking all the cash on hand after trading and splitting it […]
Energy Victory
Image Source: UnsplashLast week, I made a post called “Energy Bear,” in which I suggested going bearish against the oil and gas sector fund, XOP. I have good news and bad news. The good news is that, as your world-class chartist, I was completely right, and XOP has been punched in the face every single day since my post.The […]
Technical Market Report For December 7, 2024
The good news is: The NASDAQ composite (OTC) & S&P 500 (SPX) closed at all time highs last Friday. The NegativesThe first chart covers the last 6 months showing the SPX in red and a 10% trend (19 day EMA) of NYSE new highs (NY NH) in green. Dashed vertical lines have been drawn on […]
Telegram CEO Pavel Durov appears in Paris court for first time amid criminal investigation
Key Takeaways Telegram’s founder faced his first court interrogation after his arrest in August. The French justice system is investigating whether Telegram is complicit in criminal activities due to its alleged failure to address the spread of illegal content. Share this article Pavel Durov, CEO of messaging platform Telegram, appeared before a Paris judge for […]
