The Rush To The Euro With QE Ending?
A reader asked, ” Mr. Armstrong; You have been calling for the dollar to decline against the Euro and it should test the 125 level. Do you see the dollar continuing to decline which then breaks the back of Europe with deflation and then everything flips?” My answer to that; Last year was an […]
USD/JPY Beginning To Fall – Forecast Jan. 15-19 2018
Dollar/yen finally made a move and it was down. A small surprise from the BOJ and USD weakness, now originating from China, were the main culprits. Will the pair fall even lower? USD/JPY fundamental movers- Mini tantrum, Chinese worries The Bank of Japan surprised with an experiment in the bond market, raising concerns that it is about to tighten. […]
When Gold Goes Well
To state that Gold is going well when it’s trading at half the market value it ought be is a bit of a stretch. In fact, as “bulled up” as Gold aficionados appear to be through these first nine trading days of the year, price being +2.5% is actually the second weakest “nine starting days […]
Silver Cycle Model Chart
2018.01.11 Silver Cycle Model Chart This is the same model, and I thought it might not converge since it took more iterations than average, but it clearly shows, if it is correct, that the price has reached a local maximum at the beginning of this year. Going forward, we should expect to see lower silver […]
Knowledge Base: Simple Cumulative Average
Using a simple cumulative average: as opposed to a simple moving average to compare the period in question (usually the current market, or a recent possible major low or high) with the prevailing trend or correction. Definition: Average of all closing prices from a designated starting point, which accumulates over time, as opposed to a […]
This Hasn’t Happened Since 2013…
Listen, people are running out of superlatives when it comes to describing the inexorable rally in equities. Wait, that’s not entirely true. Donald Trump isn’t running out of superlatives because his vocabulary consists entirely of superlatives. But outside of the President, people are literally at a loss for words. “Even if you were the bullest of […]
3 Reasons To Play Small-Cap Value ETFs Over Growth Ones
Investors are waiting with bated breath for small caps to turn around this year and cash in on the newly signed tax cuts. So, it is quite likely that they will be eager to know which theme to pick now — growth, value or blend. The tax bill cuts “the corporate rate from 35% to […]
EUR/USD: To 1.23? 1.30? Where Next After The Big Breakout?
EUR/USD rallied on the news about a German coalition, a somewhat bullish ECB and the great weakness of the US dollar, that failed to rally on good American figures. What’s next? Here are four opinions: Here is their view, courtesy of eFXnews: EUR/USD: Targeting 1.30: ‘It’s More A Question Of How, Not if We Get There’ – ING “The […]
Bitcoin Finds Support From Cumulative Average
On Friday, January 12, Bitcoin (XBT/USD) found support at $12,854.57 from its cumulative average (blue) of closing prices. The cumulative average starts with the secondary low (L2) of $5,664.87 on November 13, 2017 (all prices from Optuma, as shown): (Note the preceding lower low on December 22 of $11,179.30 is also identified by the squaring of the […]
Stocks Are Extremely Overbought
Stocks rallied again Thursday as the S&P 500 was up 0.7% and the Russell 2000 was up 1.72%. The S&P 500 is now up 3.45% year to date. That’s an amazing month of returns and we’re only almost halfway through January. The CNN fear and greed index is at 77/100 which is extreme greed. This […]
