Crypto Chaos Explained – Bitcoin Crashes As ‘Cash’ Tops Ether For First Time
Bitcoin collapsed overnight, trading as low as $5555 – down 30% from its highs – before bouncing back above $6000, as Bitcoin Cash soared to as high as $2450 (4 times its price on Friday), overtaking Ethereum briefly as the second largest market cap cryptocurrency. image courtesy of CoinTelegraph Bitcoin has lost around $30 billion in market […]
A “New” Marijuana ETF Is On The Way
In 2012, Washington and Colorado became the first states to legalize recreational marijuana use. By 2020, it’s expected that marijuana will grow to a $21 billion a year industry. ETF investors who have been clamoring for a good way to get in on the cannabis trend have largely been unserved. There’s the recently launched Horizons […]
Equity Corrections Will Occur Again, Maybe Sooner Than One Expects
If there is one factor that perplexes me about the current market environment it is the lack of volatility since the election. The last time the market experienced a greater than 5% correction was in June of 2016 and the last double digit pullback was in February 2016. Going back to 1980 the average intra-year […]
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 […]
