U.S. Producer Prices Up: ETFs In Focus
A measure of U.S. wholesale price inflation ticked up in June. U.S. producer prices rose in June, owing to increases in the cost of services. Prices for services edged up 0.2% in June, contributed almost 80% of the increase in the index. In June 2017, the producer price index (PPI) grew 2% year over year compared with […]
Forex Metrics And Chart Week 29 / 2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the AUD(4X) with the CAD(4X) . The weaker currencies are the USD(4X) followed by the JPY(2X) and the CHF(2X). By diversifying a nice combination can be traded in the coming week like e.g.: […]
Breakouts Abound
The week finished with some tasty looking breakouts in Large Cap and Tech Indices. Best of the action was given over to Large Caps with volume perhaps the most disappointing aspect of these breakouts. The S&P closed the week out with a respectable breakout on a new ADX ‘buy’ trigger. This followed a MACD trigger ‘buy’ […]
More To Go
SPX has met the expectations outlined in the last letter and more bullish action is expected since last week’s action has all the markings of an impulse wave which appears to be on target to reach our 2500 projection. I say “appears”, because in these late stages, traders may not wait till the last minute […]
This Was Real
There are some things that have happened in real life which, had you told someone not that far in the past, they would find it incredible. And I mean “incredible” in the literal sense – not credible – impossible – beyond belief. Not simply “gosh, gee whiz.” For instance, teleport yourself back to the sprawling […]
Goldman Is Troubled By The Fed’s Growing Warnings About High Asset Prices
With both the S&P, and global stock markets, closing last week at new all time highs, it is safe to say that any and all warnings about “froth”, and perhaps a bubble in the market, as all warnings about “froth have been ignored. And yet, as Goldman’s economist team writes over the weekend, the recent rise in warnings […]
Expect Dow Jones Above 22,000 In The Coming Weeks
However, it’s also been a long time since the Dow Jones has seen a double-digit advance. Not unexpectedly, the Dow Jones made new all-time highs on the last three trading days of the week. The number of BEV Zeros the Dow has made since the November election increases weekly. Since the elections, there have been […]
(In)stability In One Chart
Some folks have begun to suspect that the coordinated hawkish rhetoric by DM central bankers which began to take on a new sense of urgency on June 27 in Sintra, Portugal might be tied to the pursuit of a “shadow” mandate. More colloquially, quite a few observers are convinced that the seemingly inexplicable hawkish tilt […]
Trading Support And Resistance – Sunday, July 16
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: ·Trading the two currencies that are trending the most strongly over […]
Forex Strength And Comparison Week 29 / 2017
In the Currency Strength table, the AUD was the strongest currency while the USD was the weakest. There were some significant changes last week with the AUD gaining 4 points and the USD, EUR, CHF losing 2 points. The other currencies remained around the same level of last week with a maximum change in the strength of just 1 […]
