Gold – Monday, March 12
Gold still consolidating its recent gains. We are waiting an exit from the range soon. Source: INVESTING.com
EUR/USD, GBP/USD Complete ABC Zigzag Within Wave 2
EUR/USD 4 hour The EUR/USD is staying in between support (green/blue) and resistance (red) levels, which is building a larger consolidation zone. The breakout above or below these S&R levels will determine the next direction and whether price will start an uptrend or downtrend. 1 hour The EUR/USD seems to have completed an ABC zigzag […]
US Stocks And REITs Top Last Week’s Winner’s List
Equities and real estate investment trusts (REITs) led most markets higher last week. Rebounding after a weak start to this month’s trading, nearly all the major asset classes posted gains in the first full week of March, based on a set of exchange-traded products. US stocks took the lead over the five trading days through Mar. 9. […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 12
WTI Crude Oil The WTI Crude Oil market exploded to the upside, gaining 3% on Friday as the jobs number came out much stronger than anticipated. Ultimately, there is a significant amount of resistance above though, as the shooting star has shown signs of exhaustion a week ago. I think that the market should roll […]
The Beauty Of Divergence
Please note: All data, figures & data are valid as of March 12th. All trading carries risk. Only risk capital you can afford to lose. Traditional Markets Everyone was expecting a strong jobs report on Friday, but the actual numbers that came out were extraordinary. The markets flew!! The expectation was for a bit more than […]
Global Markets Rally, S&P Back Over 2,800 On “Goldilocks” Mood Ahead Of Treasury Deluge
The “goldilocks” mood that was unleashed after Friday’s jobs report (high growth, low inflation) has spread around the globe, sending Asian and European markets higher as trade-war concerns took a back seat to economic optimism. The dollar slipped and Treasuries held steady even as the US Treasury prepares to sell $145 billion in debt today (including […]
USD/CAD Daily Analysis – Monday, March 12
USD/CAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2247 is underway. Deeper decline is still possible in a couple of days and the target would be at 1.2740 area. Resistance is at 1.2900, only break above this level could trigger another rise towards 1.3100.
Individual Investors Favoring Technology Stocks
Periodically I review the most active stocks individual members of Better Investing indicate they are purchasing. A notable feature on the current list is the fact technology related stocks are dominating member purchases. Full File (xls) Additionally, after the market’s close on Friday, I posted a tweet noting Fidelity customers’ top purchases. Again, technology stocks are gaining the interest […]
Synchronized Global Growth Is Ending: Shocks Come Next
Economic pleasant surprises are in the past, as is the buildup of the balance sheet. The future is deleveraging. Alarm bells are ringing. No one cares. By now, everyone knows stock only go up. For those in tune with other ideas, Financial Times writer Stephen King suggests the Global Economy is Due for a Downswing. Jim […]
