Market Still Works Off In Overbought Conditions
My Swing Trading Approach I’m still cautious towards this market while it still works off overbought conditions. More sideways trading could be in the cards, and I don’t want to overload my portfolio with long positions. Indicators VIX – This indicator has rallied five out of the last six trading sessions. Now at 11.50, and the […]
Medley Management Inc. Declares $0.20 Per Share Dividend And Reports Third Quarter 2017 Results
NEW YORK, Nov. 14, 2017 (GLOBE NEWSWIRE) — Medley Management Inc. (NYSE:MDLY) today reported its financial results for its third quarter ended September 30, 2017. Highlights Fee earning assets under management were $3.2 billion as of September 30, 2017 Total assets under management were $5.3 billion as of September 30, 2017 Declared $0.20 per share […]
Producer Prices Surge At Fastest Rate In Almost 6 Years
Following September’s hotter-than-expected Core PPI (and 5Y high in PPI), October was expected to see a modest slowdown but headline PPI printed a massive 2.8% YoY (smashing the 2.4% exp). This is the hottest PPI since Jan 2012, driven by surges in fuel prices and drugs. Core PPI also beat expectations, rising 2.4% YoY (vs 2.2% exp) – also […]
Great Graphic: Euro Approaching Key Test
This Great Graphic, created on Bloomberg, shows that the euro is approaching key area. The white trendline drawn off the September 8, September 20 and October 26 highs comes in near $1.1745 today. Above there, the lower green horizontal line is the 38.2% retracement of the drop since the years high was recorded on September 8. It is found at $1.1760. The […]
How Much Punch Will The Economy Get From Tax Reform?
The House tax plan seeks to balance competing interests and would make the tax system fairer and boost growth, but both liberal critics and the administration are making terribly exaggerated claims. The Tax Policy Center, headed by a former Obama administration official, charges the bill will benefit mostly businesses and the wealthy, while Treasury Secretary Steven Mnuchin and White House chief economist […]
E Crude Oil Is Marching Higher; Even More Upside Can Be Expected
Good day traders. Hope everybody is having a good time. Today we will focus on Crude oil and its mid-term look. Crude oil is trading bullish since the end of June when a higher degree correction found a base at the 42.03 level. This nice bullish structure that developed over the course of five months […]
Debt-Fueled-Consumption Supercycle In Retreat: “We’ve Wasted Our Gravy Train”
In 1880, Melbourne Australia was the richest city in the world, until it had a property crash in 1891, halving home prices and launching the nation into an economic depression that was longer and deeper than the Great Depression of the 1930’s.According to Macro Business, it took 70 years for the housing market to recover […]
Charts Of The Day: US Dollar And Gold
I noted the other day that the dip in October wasn’t deep enough to break the cycle trendline. That caused me to speculate that October was a half cycle low and that a full cycle low was still ahead of us. It looks like we are heading down into that DCL now, and the trendline […]
U.K. Inflation Holds At 3% As Projected By BoE
Rising cost of living in the U.K pushed consumer prices to 5.5-year high in October. Consumer Price Index which measures inflation rate climbed 3 percent in October, according to the Office for National Statistics. This is better than the 3.1 percent expected by economists and same as what was obtained in September. Pedestrians carry shopping bags […]
Protect Your Savings With Gold: ECB Propose End To Deposit Protection
Protect Your Savings With Gold: ECB Propose End To Deposit Protection New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility Fear covered deposits may lead to a run on the banks Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure Physical gold […]
