Crude Oil Prices Aim To Break 7-Month Down Trend – Will They?
Crude oil prices continued to push upward, scoring the fifth consecutive day of gains. Support from rebuilding refining capacity in the wake of Hurricane Harvey was helped along by comments from Russian Energy Minister Alexander Novak and weekly inventory flow statistics from API. Novak said an OPEC-led production cut scheme may be extended if the market hasn’t balanced by […]
Gold Moves Lower As Risk-On Trading Atmosphere Returns – Update Market
Gold prices fell in U.S. trading on Wednesday, giving back all of the gains made in the previous session. The safe-haven metal is feeling some downside price pressure as U.S. stock indexes edged higher on corrective bounces from recent selling activity. XAU/USD is currently testing the support at the 1332 level but the RSI on […]
EUR/USD Bear Flag Pattern Awaits Euro Interest Rate Decision
EUR/USD 4 hour The EUR/USD is building a bear flag chart pattern (blue/red) before the interest rate decision later today in the Euro zone., which will be communicated by the European Central Bank. A break below the support trend line (blue) could confirm a potential ABC correction (red). The ABC correction (red) is invalidated if […]
The Economy Continues To Slog Along With Good
Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB) DOW + 54 = 21,807 SPX + 7 = 2465 NAS + 17 = 6393 RUT + 2 = 1402 10 Y + .04 = 2.11 OIL + .55 = 49.17 GOLD – 5.90 = 1334.50 Top Cryptocurrencies Name Symbol Price USD Market Cap Vol. Total Vol. […]
Stocks To Watch: IMAX, IBM, BAC
Today’s stock picks Long Imax (IMAX) Long International Business Machines (IBM) Short Bank of America (BAC)
Sensex Opens Firm Tracking Positive Global Cues
Asian stock indices are higher following the stronger lead from Wall Street overnight on political developments out of Washington. The Shanghai Composite is up 0.45%, while the Hang Seng is up 0.23%. The Nikkei 225 is trading up by 0.37%. Overnight, the US stocks closed higher, led by gains in the energy sector. Back home, share markets in India have opened the […]
3 Reasons Successful People Invest In Commercial Real Estate
It’s true what they say: a large portion of America’s most successful entrepreneurs invest in commercial real estate. No other investment vehicle, at least in my opinion, has become more synonymous with promising returns and risk mitigation. It’s worth noting, however, that the benefits of investing in commercial real estate extend far beyond what we have […]
Nosebleed
Right, so we’ve been trading and investing in an environment characterized by the market version of martial law for the better part of a decade now. Think of it as Aleksandar Kocic’s “state of exception.” “In its core, policy response to the crises was an extension of what in a political context is known as […]
USDJPY Daily Analysis – Thursday, Sept 7
USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 114.49 (Jul 11 high) and another fall could be expected after the consolidation. Only break above 110.94 resistance could signal completion of the downtrend.
VIX Leads The Way For SPY In The Opposite Direction
SPX Monitoring purposes; Short SPX on 8/30/17 at 2457.59. Monitoring purposes Gold: Neutral Long Term Trend monitor purposes: Neutral. The top window is the 5 day average of the “Total Put/Call ratio”. Readings .90 and less have appears near short term highs in the market, which was reached last Friday. Market moved lower on Tuesday […]
