Stock Market Shrugs Off Trade War Fears, But Will It Go Higher?
Wednesday’s trading session was overall bullish, as the main stock market indexes closed between -0.3% and +0.3% vs. their Tuesday’s closing prices following much lower opening in reaction to Gary Cohn’s resignation’s news. The S&P 500 index closed virtually flat after bouncing off support level at 2,700. It currently trades around 5% below January 26 […]
EUR/USD Rips And Dips On ECB’s Less-Dovish Tweak
EUR/USD RALLY ON THE STATEMENT, REVERSE ON THE PRESSER There were few expectations for any significant change at this morning’s European Central Bank rate decision. So this is probably why such a small, subtle alteration has kick-started some volatile price action in the single currency. This morning’s statement out of the ECB removed a key phrase that had previously alluded […]
What Do Rising Correlations Signal?
Just when everyone expected that volatility would never come back, early last month, we saw a massive spike in Cboe’s Volatility Index, or VIX, known popularly as the “‘market’s fear gauge.” Timing markets is never easy, and a spike in the market’s fear can rarely be predicted with complete accuracy, but does it mean investors should liquidate and […]
March 2018 Initial Unemployment Claims Rolling Averages Decline
Hurricanes continue to impact claims taking procedures in the Virgin Islands and Puerto Rico. The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 215 K to 225 K (consensus 220,000), and the Department of Labor reported 231,000 new claims. The more important (because of the volatility in the weekly reported claims and […]
S&P 500 And Nasdaq 100 Forecast – Thursday, March 8
S&P 500 The S&P 500 sold off rather significantly during the trading session on Wednesday but turned around to form a massive hammer as the 2680 level has offered support. The hammer is a strong sign, if we can break above the 2800 level, the market is very likely to continue to go much higher. […]
One Month Hence
The inability of the stock market to hold a downtrend more than two days is driving me insane (again). It has been two years since there has even been a drop off lasting a couple of weeks. It was just a month ago that we were in the throes of an all-too-brief bout of excitement. But, looking back, […]
Running Of The Bulls (From Stocks)
It really didn’t take much for the individual investor to sour on equities. After nearly three years where bulls failed to gain a majority in the weekly sentiment survey from AAII, in late December of last year, bullish sentiment finally topped 50% and reached as high 59.75% in early January. Then the correction came.After the […]
Global Stocks, Futures Rise Ahead Of ECB As Trade War Tensions Ease
As trade war fears ease (again) following news late on Wednesday that the White House would consider tariff “carve outs” for Canada and Mexico, markets are modestly higher ahead of a fresh monetary policy catalyst from the ECB this morning. Mario Draghi will be the center of attention today as investors wait to see whether […]
Euro, Bund Yields Jump As ECB Changes Language On QE
Well the euro is surging and bond yields are climbing after the ECB removed the reference to raising asset purchases from the policy statement. You can read the full story on the tweak to the APP forward guidance here, but this is the red line which shows the removal: Here’s EURUSD: And here’s bund yields: This […]
If Gold Price Turns Bullish, It Will Rip
Gold price has been getting a lot of attention recently. From trade war fears to a possible stock market crash, the speculation is on and Bullish and Bearish versions are all over the news. Our research team and in the light of the recent moves in Gold price, wanted to assess the price action and share the findings […]
