Price Action Setups Ahead Of ECB, BoJ, Non-Farm Payrolls
DOLLAR BEARS COME BACK TO BREAK DXY BELOW 90.00 The Thursday-turnaround in the US Dollar has largely reversed last week’s strength, and price action in USD appears to be trying to find some support around 89.50. This is near last week’s swing low as well as the 50% retracement over the bullish move that showed-up in the second half of February […]
The World Is Not Enough
A few weeks ago, I caught myself pulled in by an old James Bond classic, The World is Not Enough, starring Pierce Brosnan. In the movie, an oil heiress, Elektra King, is kidnapped. While in captivity, she becomes a victim to Stockholm Syndrome and plots with her captor to destroy an oil pipeline running to the […]
GDPNow-ISM Dynamics: Email Discussion With Pat Higgins
On Feb 1, the GDPNow forecast surged to 5.4% on ISM. It did so again last week. I discussed the setup with Pat Higgins. Following the second consecutive ISM spike I had the following Email exchange with Pat Higgins. Mish ISM Question Hi Pat, How much of today’s jump was due to ISM and how […]
Bitcoin Stalls At Its 50-DMA
We’ve been highlighting the chart of Bitcoin below over the past month or so because of how much the crypto seems to be trading on technicals. After finding support around the $7,000 level in early February, Bitcoin bounced significantly and broke two key downtrend lines in the process. The reason we’re pointing out the chart […]
Having Goals Is Essential For Trading Success
Can you fathom setting out to achieve an endeavor that could change the trajectory of your life, and not being specific on what it is that you want to accomplish or when? How would you know if you were making progress towards achieving your goal if you had no way of measuring progress on your […]
E Natural Gas Near A 4 Week High
Natural Gas Futures Natural gas futures in the May contract are trading higher for the 2nd consecutive session up 4 points at 2.74 as I am now recommending to add 2 more mini contracts at this level then placing the stop loss on all 4 mini contracts at the 2.61 level as the chart structure […]
Ten Clean Energy Stocks For 2018: Stormy Winter
While the broad market has been turbulent for the start of 2018, clean energy stocks have fared worse than most. The Trump administration’s anti-environmental efforts had little effect on clean energy stocks in 2017 (it was a banner year for this model portfolio). So far, this year has been quite different. Last year, investors seemed unfazed by […]
Citi Sees More Room For Herbalife To Run After Battle With Ackman Ends
Shares of Herbalife Nutrition (HLF) are on the rise after Citi analyst Beth Kite upgraded the stock to Buy noting that a lot has happened in 2018, including capital allocation announcements, executive changes, and Bill Ackman having closed out his well-publicized short position. The analyst also told investors that she sees upside ahead as Herbalife […]
Bitcoin Drops Over $1000 As Cryptos Go Red For Week
Following yesterday’s exciting ramp, cryptocurrencies are tumbling today (down 6-8% overnight).. A major seller appeared around 5amET… And back in the red for the week. Bitcoin is down over $1000 from its highs yesterday… The move does not seem to have been driven any specific news catalyst. Google Trends data show searches for bitcoin have fallen […]
