US Polyethylene Exports On Front Line As Trump Changes Trade Policies
It is almost a year since Donald Trump became President. And whilst he has not followed through on many of his promises, he has indeed introduced the major policy changes that I began to discuss in September 2015, when I first suggested he could win the election and that the Republicans could control Congress: “In the […]
The Gold Rally Gets Legs
With the U.S. dollar collapsing under its own weight, and breaking key support… ….gold is finally breaking through its long-term downtrend…. ….and bringing precious metals miners right along with it. I would also note I composed this post on Friday, ahead of gold’s continued ascent after the weekend.
Russell 2000 Tags Resistance As S&P Breaks (Again!)
I forgot to mention last week that the S&P has reached the “15% of Profit Take” zone of historical price action relative to the 200-day MA dating back to 1950. If it reaches 1,653 it will be in the 5% percentile of historic action – a ‘strong sell’ signal. The price tag came with a […]
Dollar Bears Tighten Their Grip
The consolidation/correction in the US dollar that we anticipated on technical grounds was brief and shallow. A series of developments seemed to play into the bears’ hands.The developments from the shift in how China sets the reference rate, the wariness of some to expand its Treasury holdings, to less super-long bond buying by the BOJ and […]
Kush Bottles Rises 3-Fold After Triangle Breakout – This Is Why Chart Analysis Matters
This article is educational. We analyze one great case which highlights the importance of chart analysis. In particular it is a triangle breakout, a textbook pattern in chart analysis, which is very high reward/low risk setup for investors. Case in point: Kush Bottles, symbol KSHB. Note: InvestingHaven’s research team noticed this setup back in October […]
Crude Oil Prices To Remain Bid As Overbought Conditions Persist
Fundamental Forecast for Crude Oil Prices: Bullish Crude remains bid as the Organization of the Petroleum Exporting Countries (OPEC) and its allies extend the production cuts from 2017, and oil prices may continue to exhibit a bullish behavior as the group stays on course to reduce supply. Oman Minister of Oil & Gas Mohammed Al Rumhy sees oil prices holding around $65-70/bbl for […]
Will Tax Cuts Translate Into Consumer Spending & Business Investment?
Following the first full week of trading in 2018, the S&P 500 is up over 3% for the first nine days of trading in the new year. That index is edged out by the Nasdaq Composite Index, which saw a boost following the tech-heavy news flow last week spinning out of CES 2018. That annual […]
Emerging Markets: Preview Of The Week Ahead – Jan. 14
EM FX continues to rally as the dollar remains on its back foot. With no obvious drivers this week that might help the dollar, we believe EM FX can extend the recent gains. Still, we continue to advise caution when investing in EM, as differentiation should again become evident as idiosyncratic risks remain in play. […]
GBP/USD Forecast Jan. 15-19 2018
GBP/USD defied gravity and worrying data to stay afloat, taking advantage of the weakness of the US dollar and eventually ended the week at the highest levels since the Brexit vote. The upcoming week features the inflation report and retail sales numbers among other events. Will cable remain stable? Here are the key events and an […]
Weighing The Week Ahead: A Confusing Earnings Season
The economic calendar is normal, with a holiday-shortened week and some ongoing political worries. Competing with the Washington Circus will be Q417 corporate earnings reports. The former topics will have greater news interest, but investors should be digging into the earnings reports. The earnings story is always a tasty stew – expectations, results, differing measures, […]
