Global Equity Valuation Charts
If it has felt like global equities have done well this year that’s probably because they have. The MSCI All Countries World Index is up 15.7% in local currency terms YTD (18.4% in USD terms) and is now up about 40% off the February 2016 bottom. With rising prices comes rising valuations, but there are some subtleties to […]
AUD/USD Daily Analysis – Wednesday, November 8
AUD/USD is facing 0.7624 support. A breakdown below this level could signal resumption of the downtrend from 0.7897 then further decline towards 0.7500 could be seen. Near term resistance is at 0.7670. A break of this level could bring price back to test 0.7729. Above this level will indicate that lengthier consolidation for the longer […]
ETFs In Focus After Utilities Q3 Results
The earnings season had a flying start with equity markets scaling record highs, owing to a slew of upbeat economic data, strong corporate performance and President Donald Trump’s tax reform proposal. However, the performance has been a mixed bag for utilities, with some beating market expectations, while a few failing to do so. We will […]
This Indicator Had A Divergence In Both 2000 And 2007; How Does It Look Today?
Bad Breadth Can Foreshadow Bear Markets Market breadth speaks to the number of stocks participating in an advance. Strong market breadth means a high percentage of stocks are making new highs as the major indexes make new highs. Strong breadth also aligns with widespread confidence in stocks and the economy. Bearish Divergence In 2000 The […]
US Dollar May Fall As Yen Gains If Senate Tax Plan Underwhelms
The Yen narrowly outperformed in otherwise quiet Asia Pacific trade as Japanese stocks declined, offering a lift to the perennially anti-risk currency. The benchmark Nikkei 225 stock index pulled back after closing at the strongest level since 1992 on Tuesday. The US Dollar corrected gently lower against the G10 FX majors following yesterday’s broad-based recovery. From here, the absence of anything particularly […]
What Does The Proposed Tax Plan Mean For You?
The House released an outline of a plan to make major changes to the current tax code last week – a move that is now making headline after headline as the plan heads through Congress and the president is prioritizing tax reform as a major part of his agenda. So what is the plan as […]
Oil Prices Struggle As Traders Eye OPEC Meeting
Oil prices were broadly lower during Wednesday’s Asian session on reports that Chinese crude imports fell to their lowest levels in a year. China’s October oil imports fell to 7.3 million barrels per day in October, down from a near record high of approximately 99 million barrels per day in September, the country’s General Administration of […]
Copper Traders Place Huge Way-Out-Of-The-Money Calls That Price Will Rise 50% In 2018
Traders have spent about $4.5 million on call options wagering on copper climbing above $10,000 a metric ton by December 2018. That would be a rally of 46%. But to make a profit, held to completion, the price needs to rise even more. Please consider High-Flying Bets on Copper. The frenzy in the copper market is […]
USD/JPY Builds Key Triangle Pattern At Decision Zone
USD/JPY 4 hour The USD/JPY failed again to break above the 114.50-115 resistance zone, which is a major break or bounce spot. A rising wedge reversal chart pattern is still present (blue/orange lines) and includes a divergence pattern between the tops (purple line). A break below support could indicate a larger bearish move whereas an […]
Everybody’s Doing It
DOW + 8 = 23,557 (Record) SPX – 0.49 = 2590 NAS – 18 = 6767 RUT – 18 = 1479 10 Y – .01 = 2.31% OIL – .41 = 56.94 GOLD – 6.70 = 1275.80 Cryptocurrency Number of Currencies: 902 Total Market Cap: $201,041,381,484 24H Volume: $5,222,370,086 Top Cryptocurrencies Name Symbol Price […]
