Weekly Gasoline Price Update: Regular And Premium Remain High
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up a penny each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.15 and San Francisco, CA is the most expensive city, averaging $3.30. Oklahoma […]
Finance Stocks – Lower Highs
Notice a trend here? It’s hard to believe on a day like this, but keep your perspective.
Are The Transports About To Take Off To New Highs!
Last week the stock indexes were stuck in a tight range, as the TLT and GLD rallied while the dollar fell (UUP). Despite the apparent building fear in the markets, the VXX just consolidated. Today, last week came undone. TLT, VXX, and GLD all had big declines and the SPY broke out to new highs […]
EUR/USD: Is It Time To Buy The Dip?
EUR/USD has retreated from the highs, mostly on profit-taking from the big sell-off of the US dollar. It previously advanced thanks to Draghi’s unconvincing complaints about the exchange rate. What’s next? Here are three opinions: Here is their view, courtesy of eFXnews: EUR/USD: Markets Likely See A Scope For A Move Towards 1.25 – BTMU BTMU […]
COT Report: Black (Crude) And Blue (UST’s)
Over the past month, crude prices have been pinned in a range $50 to the high side and ~$46 at the low. In the futures market, the price of crude is usually set by the money managers (how net long they shift). As discussed before, there have been notable exceptions to this paradigm including some big […]
Respectable Gains Offer Test Of Highs
So with markets threatening support they instead gap higher and post further gains. Today has probably done enough to see markets post new all-time highs while shorts are left with little to work with. The S&P gapped higher with technicals net bullish. Volume was a little disappointing (given the degree of gain) but all of […]
Alteryx Lock-Up Expiration Could Send Share Price Downward
Event Overview Alteryx (NYSE:AYX) made its market debut on March 23, 2017, raising $126 million through its offer of 9 million shares. Shares priced at $14, the high end of its initial price range of $12 to $14, then jumped 10% on its first day of trading. Since then, the stock price has continued to […]
USDJPY Analysis: Testing Important Cloud Resistance
In the 4 hour chart as shown below, USDJPY is now testing important Kumo (cloud) resistance. At current levels, the price is at the 61.8% Fibonacci retracement of the decline from 110.66 to 107.31. Short-term support is found at 109.25-109.05. If this area is broken downward we could see a rejection that could start the […]
