The S&P 500 In A Slightly Lower Trend
After making a new closing high at 2453.46 on June 19 the S&P 500 Index began trending lower back toward the 50-day moving average where it rebounded enough after the nonfarm payroll report to speculate that support at the 50-day moving average held once again. Since the second quarter ended and earnings reporting will start […]
Invest1000: How To Pick Stocks With $1000
INVEST1000 is officially underway. Lester got things started by sharing his thoughts on how he plans to invest his $1,000 fund. After the intro was published, I received a few thoughts from people wondering whether technicals will work. As it’s not my money, and I don’t plan to tell Lester what to do, we will have […]
USD/CHF Forex Signal – Monday, July 10
Last Thursday’s signals were not triggered as there was no bullish price action at 0.9617. Today’s USD/CHF Signals Risk 0.50% per trade. Trades may only be entered between 8am and 5pm London time today. Short Trade 1 Short entry after bearish price action on the H1 time frame following the next touch of 0.9678. Put the […]
Fundamental Sentiment And Clues From The Bond Market
The latest weekly equity (and bonds) sentiment poll I take on Twitter has produced some interesting results this week. I have done this poll each week for about a year now, and have collected the results in an excel sheet and thus am able to produce some charts and insights based on the emerging historical patterns and […]
EUR/USD Hugging 1.14 – Break Up Or Break Down?
EUR/USD started the new week in the same place it ended the previous one, around 1.14 and not going anywhere fast. What’s next? Here are a few opinions: Here is their view, courtesy of eFXnews: EUR/USD: Monitoring ECB Reaction On A Move Above 1.15; Looking For A S/T Correction – Nordea Nordea FX Strategy Research […]
WTI Crude Oil And Natural Gas Forecast – Monday, July 10
WTI Crude Oil The WTI Crude Oil market fell significantly during the day on Friday, as the US dollar strengthened a bit, but quite frankly continuation of bearish pressure is something that can be expected looking at the charts anyway. After all, the Russians have said that they are not going to cut further or […]
Oil Heads Back Below $30/bbl As Hedge Funds Give Up On OPEC
“Those who cannot remember the past are condemned to repeat it“. George Santayana 9 months ago, it must have seemed such a good idea. Ed Morse of Citi and other oil market analysts were calling the hedge funds with a sure-fire winning strategy, as the Wall Street Journal reported in May: “Dozens of hedge-fund managers and […]
The US Jobs Market Is Much Worse Than The Official Data Suggest: The Full Story
Following Friday’s disappointing payrolls report, yesterday we showed another even more troubling fact about the state of the US labor market: since 2008, over 93% of the total 6.7 million net jobs “created” in the past decade, have been statistical, existing simply inside an excel model somewhere in the US Department of Labor, as a result of the […]
UK Services PMI Misses With 53.8 – GBP Dips
A slightly worse than expected print on Britain’s Services PMI: a score of 53.8 points, reflecting weaker growth. The previous PMIs were OK, but this is a significant miss, a drop of 2 points and comes from the largest sector. GBP/USD dipped to 1.2860, a quick loss of 20 pips, before bouncing and recovering some of its […]
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job
Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a job, but we just found out that in May the number […]
