US Dollar: Failed At Resistance; Needs To Hold Support
US $ Index 4-hour View [last 101.26]:Nope. The dollar index could not get through the 102.26 area defined as key resistance. Now breaking lower in what could be a multi-day move lower. We are now labeling the rally as a zig-zag corrective pattern in place, now in minor [c] of 2 lower… watching for support in the […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 13
WTI Crude Oil The WTI Crude Oil market rallied at the beginning of the Friday session, but found the $50 level to be too resistive. That’s not a huge surprise, as it is a large, round, psychologically significant number and of course have been supportive in the past. The fact that we fell late in […]
Zomato Looks Unimpressive And Precarious
Photo Credit: Vernon Chan/Flickr.com The foodtech market in India once attracted considerable funding as it was considered promising. However, the market has now become overcrowded and price wars as well as weak logistics and delivery infrastructure are taking a toll on the industry. In 2016, over 37 foodtech startups in India shut down while nine were acquired. Former Billion […]
The World’s Second Most Deceptive Chart
Last week, I discussed the “World’s Most Deceptive Chart” which explored the deception of “percentage” versus actual “point” losses which has a much greater effect on both the real, and psychological, damage which occurs during a bear market. To wit: “The problem is you DIED long before ever achieving that 5% annualized long-term return. Outside of your personal longevity issue, it’s the […]
Oil, Euro And USD Headline Price Action Themes For This Week
This week is opening up to what looks to be a considerable amount of excitement on the horizon, at least for global markets. The economic calendar is loaded with Central Bank announcements this week, including a Fed meeting that’s expected to bring only the third rate hike out of the United States in the past 10 […]
EUR/USD: Monday Vs. Friday – March 13
Previous: The euro closed up after trading on Friday. The single currency managed to reach the D3 line after the publication of the US jobs report. The number of new nonfarm jobs in the states in February grew by 235,000 after a forecast of only 200,000. The figure for December was revised from 157,000 to […]
10 Stocks For Using A Benjamin Graham Value Investing Strategy – March 2017
Out of the multitude of companies, which ones would legendary value investor Benjamin Graham buy today? I’ve compiled ten great companies that fit the ModernGraham criteria, based on Benjamin Graham’s methods. The companies in this list pass the rigorous requirements of either the Defensive Investor or the Enterprising Investor and are either fairly valued or undervalued by the market. Aspen […]
Trying To Find A Bottom
Crude oil futures are still reeling from last week’s massive crude oil build and another jump in U.S. rig counts. It was a double eight as oil rigs increased by eight and the eighth week in a row that the rig count has risen. What is interesting though is that there we were no rigs […]
Dollar Ekes Out Gains Vs. Euro
After three days of consecutive losses for the US Dollar, the greenback has finally regained positive momentum versus the Euro as well as for the US Dollar Index. Last week, it was all about profit-taking on a portion of the gains recently made by the greenback. Albeit moderate, in European trading today, the Dollar is […]
