EURUSD – Triple Top?
Today’s ECB meeting faked traders out. The text of the statement was decidedly hawkish but the presser stressed the fact that ECB was concerned about low inflation, protectionist policies and only modestly bullish on growth. The net takeaway from today’s event is that ECB is likely to taper in September, but will remain neutral for […]
Stock Markets For Thursday, March 8
Today, I perform a technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. A review of stocks, ETFs and stock market indexes. Video Length: 00:19:54
NRG Is Full Of Energy
Utility companies have been taking it on the chin lately as higher bond yields have become more attractive to fixed income investors. However, some companies have been pushing higher, and NRG Energy is one of them. The recent earnings report beat estimates and pushed this stock higher. You can see its extremely strong relative strength […]
3 Outstanding Canadian Banks Charts For 2018 And Beyond
Canadian Banks are solid, especially in 2018’s environment of raising interest rates. They withstood multiple financial crises with flying colors to continue on an uptrend since then. As the Canadian economy is showing more and more strength, in addition to the very likely upcoming Bank of Canada’s rate hikes, it makes sense to explore Canadian […]
EUR/USD Rebound Snaps As ECB Holds Off On Detailed Exit-Strategy
EUR/USD snaps the recent series of higher highs & lows as the European Central Bank (ECB) refuses to deliver a detailed exit-strategy, and the pair may continue to give back the advance from the monthly-low (1.2155) as the Relative Strength Index (RSI) clings to the bearish formation carried over from earlier this year. Despite the small […]
Gold: Takes Back Gain, Sets Up To Weaken Further
Gold closed lower after backing off higher prices on Wednesday. On the downside, support comes in at the 1,330.00 level where a break will turn attention to the 1,320.00 level. Further down, a cut through here will open the door for a move lower towards the 1,310.00 level. Below here if seen could trigger further […]
This Pre-Tax Filing “Trick” Could Help You Save On Cryptocurrencies
Written by Jay Blaskey, Digital Currency Specialist at BitIRA It’s been a very exciting year for cryptocurrencies. As adoption within financial markets exploded, a surge of people became interested in the massive potential within the digital currency space, and the market value of most major coins grew tremendously. jaydeep_ / Pixabay In the past 12 months, cryptocurrency projects have […]
Bull Of The Day: Kohl’s (KSS)
An American department store giant, Kohl’s Corp. (KSS – Free Report) was founded in 1962, and offers customers exclusive brand apparel, shoes, accessories, and home and beauty products. Brands include Simply Vera Vera Wang, Sonoma, APT 9, Croft & Barrow, Jennifer Lopez, Food Network, as well as national names like Levi’s, Dockers, and Columbia. Recently, Kohl’s has begun […]
US Equities – Mixed Signals Battling It Out
A Warning Signal from Market Internals Readers may recall that we looked at various market internals after the sudden sell-offs in August 2015 and January 2016 in order to find out if any of them had provided clear advance warning. One that did so was the SPX new highs/new lows percent index (HLP). Below is […]
Trade Wars
An overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America Great Again undertaking. It is a blow squarely aimed against China, costing China some trade perhaps, but basically a loser’s last roll of the dice. The back story appears to be […]
