Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY
Please find here below this week’s wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. EUR/USD The EUR/USD is either building a bullish wave 3 (pink) or a wave C (not visible on chart yet). A break above the resistance (red) line makes a bullish continuation more likely whereas a break […]
BoA: Cash Levels Show Market Sentiment Remains Subdued
Even though equity markets around the world continue to march higher, and show no signs of slowing down anytime soon, it seems investors would still rather invest in bonds. According to the latest issue of Bank of America’s Flow Show Report, during the first week of January, investors withdrew $4.5 billion from equity funds ($3.9 billion ETFs […]
Pound Ignores The Negative Indicators – For How Long?
GBP/USD enjoyed the initial weakness of the US dollar to rally and stalled at a high level of resistance, 1.3615. And as the dollar recovered, cable retreated but never went too low. There are reasons for the pound to go lower, but it currently ignores them. Will Sterling fall with a delay? Or was it […]
Equities Break Out To Open New Year
Speculators significantly increased exposure to Nasdaq 100 and S&P 500 futures, according to the latest Commitment of Traders (COT) report. Equity markets, meanwhile continue to ignore overbought warning signs, breaking out to fresh record highs to open the new year. Elsewhere, the EUR/USD nears yearly highs as speculation reaches yet again another bullish extreme, and […]
Kohl’s The Latest Retailer To Post Holiday Season Comp Sales Increase
Shares of Kohl’s (KSS) got a boost in morning trading after the retailer said its sales for the holiday period were up almost 7% year-over-year. The company also raised its earnings guidance for fiscal 2017. Holiday sales results Kohl’s on Monday said that its total and comparable sales for the November and December combined period […]
Two Of Apple’s Largest Shareholders Urge Company To Address “iPhone Addiction” Among Kids
In an unusual move, two of Apple’s largest shareholders, Jana Partners, a large activist hedge fund, and the California State Teachers’ Retirement System (CalSTRS) penned a letter to the company over the weekend saying the smartphone maker needs to respond to what some see as a growing public-health crisis of youth phone addiction. Among other things, the […]
Growth Vs. Income Investing: Is The Cost Of Growth Too High?
According to conventional “growth vs. income” investing advice, if you are a young, upwardly mobile millennial you should put more money in growth stocks that have more risk, but higher potential than other investments. If you’re closer to retirement, you should choose a more conservative investing strategy. Yet even retirees need some growth to counterbalance […]
Oil – Buy The Expected Dip
OIL’s C.O.T. – The shorts by ‘Smart Money’ increased again.They are determined to ride a drop in Oil prices, although Oil has been bullish in recent weeks. WTIC DEC 29th – Oil did tag the $60. In the past I mentioned that it could tag prior highs shown here near $62 – this was last week’s weekend […]
High Beta Stock Outperformance Suggests A Strengthening Economy
For the first part of 2017 low volatility equities were outperforming their high beta counterparts. However, as tax reform talk began to look more a reality in late August, high beta stocks resumed their outperformance that really began in early 2016. As the maroon line in the below chart shows, this high beta outperformance is […]
GoPro Exiting Drones; Would Consider Acquisition Proposal, CEO Says
GoPro CEO Nick Woodman, while speaking on CNBC, said he would look at an acquisition proposal from a larger company. Woodman noted that he’d “entertain” becoming part of bigger company. GoPro shares are down 19% to $6.07 after the company preannounced weaker than expected Q4 sales, another round of layoffs and its exit from the […]
