Breadth Declining
Breadth calculated between the most bullish and bearish stocks on Twitter is declining. The culprit is the count of bearish stocks. It’s slowly creeping up even as the market rallies. Sentiment for the S&P 500 Index (SPX) is bouncing between extreme optimism and neutral. The behavior is similar to the rally from November 2016 to […]
Forex Forecast: Pairs In Focus – Sunday, Nov. 12
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Forex Weekly Outlook – November 13-17
The US dollar fell across the board last week following the report that Senate Republican leaders are considering a one-year delay of the tax cut. This pushed the US dollar to a one-week low against the Yen and plunged the US stock market further. “The delay to the tax cut by one year is certainly a […]
USD/JPY Weekly Analysis – Sunday, November 12
USD/JPY’s upside movement from 107.31 extended to as high as 114.73. Near term support is at the bottom trend line of the price channel on the daily chart now at around 112.65. As long as the channel support holds, the uptrend could be expected to continue and a breakout of 114.73 level could trigger another […]
Morgan Stanley: “If Central Banks Push Back, Asset Prices Face A Severe Challenge”
As increasingly more analysts and Fed-watchers have suggested in recent months, the one catalyst that could send the market into a tailspin is for the Fed to get what it has so long wanted: a sudden spike in inflation. From Albert Edwards (who looks at record U.S. vacation plans as an ominous sign of rising wages), to […]
Energy Production Supports MLP Outlook
U.S. energy production continues to grow, boosting exports and continuing our path towards Energy Independence. The most recent weekly production figures from the Energy Information Administration (EIA) show U.S. crude output reaching 9.62MMB/D (Millions of Barrels per Day) exceeding the previous recent peak in June 2015. Production has fully recovered from the dip following Hurricane Harvey.The EIA projects that […]
China’s Single’s Day Shatters Records As The Biggest Sales Day Anywhere On The Planet
Black Friday and Cyber Monday are famous in the US for the big discounts and therefore big spending. In China, they created their own version called Single’s Day — on November 11 or 11/11, which began as a protest of sorts against Valentine’s Day, propelled by college students in the 1990s. To show the […]
Is It ‘All Tech’?
There’s something peculiar about the “yeah, but it’s all tech” market meme. We’re guilty as charged when it comes to perpetuating the idea that tech is largely responsible for a disproportionate share of all the good things happening in markets. Just yesterday, for instance, we noted that equities’ resilience in the face of the junk bond rout […]
Crude Oil Sees Most Weekly Gains In A Year As Politics Support Price
Fundamental Forecast for USOIL: Bullish Who is bold enough to be short oil in the aftermath of the Saudi corruption purge that surfaced last weekend? That is a question with an answer that appears to come up with few names. Despite ending last week in an overbought zone per the five-period Relative Strength Index, a technical […]
Credit Card Losses: How High Can They Go?
According to data from the Federal Reserve, US consumer credit grew by 5.5% annualized during Q3 the fastest quarterly pace this year. Credit now tops $1 trillion after a multi-year splurge by consumers on auto debt funded by rock-bottom interest rates and relaxed lending criteria. However, now that interest rates are starting to rise again, investors, […]
