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 […]
FX Markets Volatility Set To Rise With Busy Calendar: UK, US, & Canadian Inflation Due
The British Pound’s post-Brexit base effect weakness has worked its way out of markets, but its influence will linger at the upcoming inflation release, as anticipated by the Bank of England at their October policy meeting. Consensus forecasts are calling to see price pressures increase by +0.2% m/m (down from +0.3% in September) and +3.1% […]
Technical Market Report For November 11, 2017
The good news is: All of the major indices except the Russell 2000 (R2K) closed at all time highs last Wednesday. New lows declined on Thursday and Friday which were down days for most of the major indices. The Negatives Except for Thursday and Friday, new lows increased every day last week. The blue chips […]
Deutsche: Every Time We Asked “How Much Lower Could Vol Go” Things Would Become Unpleasant
According to Deutsche Bank’s Aleksandar Kocic, we live in a reflexive world, one where “the Fed knows that the market knows and the market knows that the Fed knows that the market knows, so everyone knows, but pretends that nobody knows and the game goes on.” That pretty much covers much of modern market analysis which, […]
USD/JPY Snaps Monthly Opening Range Ahead Of U.S. CPI, Fed Rhetoric
Fundamental Forecast for Japanese Yen: Bullish USD/JPY snaps the monthly opening range during the first full-week of November, and the pair face a growing risk of giving back the advance from the 2017-low (107.32) as the U.S. economic docket is expected to highlight a subdued outlook for inflation. With the U.S. Consumer Price Index (CPI) anticipated […]
Factors That Could Mar Chemical Industry Momentum
The chemical industry has gotten its mojo back on strength across major end-markets and an improving world economy. While chemical makers should benefit from strategic growth measures and investment on capacity expansion, the industry is still reeling under certain headwinds. There are a few reasons to be cautious about the chemical industry in the near […]
