Crude Oil Price Falls From 3-Year High On Swelling US Supplies
Fundamental Forecast for USOIL: Bullish Talking Points: Hedge Funds load into long Brent Crude Bets on move to 3-year closing high Per BHI, U.S. Oil Rig Count falls 5 to 729, helping stem concerns of US overproduction Crude Oil Price Forecast: Price Near 3 Yr. Highs On Strong US Demand IGCS showing net-short retail positioning in […]
Buckle Up: NYSE Files For Leveraged, Inverse Bitcoin ETFs
In a move that will certainly not end well for investors, the New York Stock Exchange has asked the SEC to approve five ETFs including 2x leveraged and inverse flavors, linked to Bitcoin futures – which launched in December on the CME and CBOE, according to a Thursday filing, which is in line with what we said mentioned […]
2018 Opened With A Bang – Week In Review
2018 opened with a bang! Not only did the major averages continue to hit new record highs, there was no selling to speak of. Clearly, this is very strong action and it tells you that the bulls remain in control as sellers are virtually nowhere be seen. What does that mean for 2018? Based […]
2018: So Far, So Gold
A new year and a new look for the above Gold Scoreboard, incorporating both our conservative and aggressive forecast highs for 2018. Also at right, we’ve added that which we’ve often referred to as “Gold’s most important graphic”: the millennium-to-date track of the U.S. money supply (“M2”) vs. the clearly lagging price of Gold. Quite […]
EUR/USD: Upside Pressure Risk Remains Intact
The EUR/USD pair continues to retain its upside pressure, hesitating on Jan. 5. On the upside, resistance comes in at the 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Conversely, […]
Which Blockchain Stocks To Invest In 2018 And How
Blockchain stocks are the hottest sector right now. Here is the big news for investors: “you ain’t seen nothing yet.” We’re on record forecasting that the blockchain stocks bull market will become as big, if not bigger, than the dotcom bull market. There are some specific challenges investing in blockchain stocks. How to invest in blockchain […]
USD/CAD Forecast Jan. 8-12 2018
Dollar/CAD continued leaning lower amid rising oil prices but did not collapse. Where to next? Housing figures are expected in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. Oil prices remained high but did not breach the 2015 highs. This prevented USD/CAD from breaking below 1.25. In the US, the […]
Sentiment: Simply More Buyers Than Sellers
I am re-reading Justin Mamis’ book, The Nature of Risk, a worthwhile read by the way, and being reminded of the dissemination of information prior to the internet age, which is difficult for many to believe if they did not work in investments at that time. Simply gauging market sentiment prior to each day’s market open […]
See You Later, Hannon Armstrong
Sustainable infrastructure financier Hannon Armstrong (NYSE:HASI) is not in my Ten Clean Energy Stocks model portfolio for the first year since its IPO in 2013. I still love the company and its business model, but I have become concerned about its short term prospects. Dividend Disappointment? In my last update on the 2017 portfolio, I wrote: “Sustainable infrastructure […]
E An SPX Decline Below Cycle Top Suggests Rally Over
VIX declined to make a double right shoulder to match the double left shoulder of a potential Head & Shoulders formation. The Moving Averages are so low that it may take a break of Long-term resistance at 10.93 to generate a buy signal. A breakout above the Ending Diagonal trendline suggests a complete retracement of […]
