Oil, Commodities And A Royal Flush
Excluding the Nasdaq 100 (QQQ), US equities markets tapped (not hit) the brakes this week, ending a two-month positive weekly run for the Dow Industrials. The small caps (IWM) sold off the most -1.36% while. Nasdaq continued to defy gravity ending the week up +.27%. Most telling was that the modern family continues to be under the […]
EUR/USD Weekly Analysis – Sunday, November 12
EUR/USD stays below a descending trend line on the daily chart and remains in the downtrend from 1.2092. As long as the price is below the trend line, the bounce from 1.1554 could be treated as consolidation of the downtrend, and further decline towards the resistance-turned-support trend line on the weekly chart is still possible. On the […]
Top Analysts Are Betting On These AI Growth Stocks
Facebook and Micron are among the favorite ways to play the boom in artificial intelligence, according to top technology analysts. The analysts were identified by looking at the average return of their recommendations and their success rate in those calls, as tracked by TipRanks, a Wall Street analyst database. Here are five favorite AI stocks recommended by […]
Weekly Trading Forecast: Volatility Ahead On Key Data, US Tax Cut
Financial markets look set for another volatile week as top-tier economic data flow amplifies price swings driven by speculation about US fiscal policy. US Dollar Forecast: Yellen, Key Data May Boost Politics-Driven Volatility Politically inspired US Dollar volatility may be compounded by a high-profile speech from Fed Chair Janet Yellen as well as the release of CPI […]
Weighing The Week Ahead: The Millennial Effect On The Housing Market
The economic calendar includes many reports, but few of the most important. I expect the housing market to attract attention. There are several relevant releases on tap, and the sector is especially important. Some will take up a special slant, asking: Will Millennial buyers extend the housing market rebound? Last Week Recap In the last edition […]
ETF Watchlist: Week Of November 13, 2017
This past week, I read an article about UBS’ take on where the market is heading over the next 12 months or so. UBS is forecasting another 9% gain for the S&P 500 in 2018, which would mark the 10th straight year of positive returns if true. Also discussed were two of the biggest fears gripping Wall […]
Trading Cocoa: The September Confirmation Of A Bottom
Congratulations to any of you who stuck by the iPath Bloomberg Cocoa SubTR ETN (NIB) and accumulated over the course of 2017 as cocoa prices slowly but surely carved out a bottom. Looking back, it seems September was a key turning point in the flavor of the trading. The iPath Bloomberg Cocoa SubTR ETN broke […]
Global Markets Mixed Over Delay In US Tax Reform
Global financial markets ended the week on a mixed note, with Asian markets continuing their gains, while the US and European share markets snapped their winning streaks. In the US, the Dow Jones Industrial Average charted its first decline since September as market participant’s concerns over the delays in US tax reform weighed on the markets. […]
Week In Review: How Trump’s Policies Moved Stocks – Sunday, Nov. 12
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly: 1. TAX PROPOSALS: On Thursday, Senate Republicans unveiled their proposal to overhaul the U.S. tax code, which differs […]
Time And Price Consolidation Or Twin Peaks?
A most interesting week in the markets. Some notable phase changes: Transportation (IYT) confirmed a warning phase. That means, the price trades below the 50-daily moving average. In the spirit of Charles Dow and his theory, the Industrial sector made a new high mid-week while Transportation fell. The presupposition is that there are more goods […]
