CAD: Trough In 2017, Recovery In 2018: Where To Target? – Credit Agricole
The Canadian dollar is struggling with the tumbling price of oil. What’s next? Here is their view, courtesy of eFXnews: In our view, USD/CAD will be dominated by the trend in the ‘big dollar’ over the coming months. This is because Canadian domestic data has little impact on Canadian rates at the moment and because […]
A Tech Stock To Play A Rising China Stock Market
One global stock market that has an extremely interesting trend is China’s stock market. It is no secret that InvestingHaven’s research team is bullish long term, and loyal readers have followed the trend since last year. InvestingHaven was among the lonely voice last year to fire an alert to international investors, in the first half of […]
GOP Presents Its Healthcare Plan
The stock market is pricing in flawless results from the GOP in terms of fiscal policy. To analogize, it’s like when the market is expecting a company to beat earnings estimates and raise guidance. If the company meets expectations, the stock falls after hours because it’s priced for perfection. I have a few charts to […]
Credit QE
Although he didn’t state it specifically in his November 2010 Washington Post op-ed formally justifying QE2, it was very clear that then-Fed Chairman Ben Bernanke intended it to work through lending and especially the bank channel. Though he doesn’t explain, nor has any official ever, why a second one was needed given that the first […]
Stock Chart Of The Day: US Oil Fund
Our Stock Chart of the day is the US Oil Fund (USO) and we are going to review the stock charts using our multi period contrarian trading style. We believe that the crude oil is in a secular bear market. The bear market in crude oil is set to continue as we have now broken […]
Mesoblast – Chart Of The Day
The Chart of the Day belongs Mesoblast (MESO). I found the biomedical stock by using Barchart to sort today’s Top Stocks to Own list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy in 2/17 the stock gained 18.72%. Mesoblast […]
Do Central Banks Really Control The Market? History Tells Us No
The market has rallied off the 2009 lows, and most people are convinced that the Fed powered the move. In fact, most were certain that once QE ended, the market would drop. And, they currently maintain this conviction despite the fact that the market has continued significantly higher well beyond the cessation of the QE […]
Wednesday – The Medium-Term Trend For March 8
It looks like the short-term trend has peaked. Actually, it probably peaked a few days ago. The market advance/declines and up/down volume are pointing lower. Junk bonds have been hinting at some weakness for a couple days. Small caps are following junk bonds lower, but so far they are just testing the bottom of their […]
Stocks Watchlist: MCO, OLN, CBI
Second consecutive day where the market sells off in the final 30 minutes of trading rather than blast higher into the close as has been the norm for the market for years now. There has definitely been a change in the attitude of the market over the last 3-4 trading sessions, I’m not sure it […]
What Happens When The Mcclellan Oscillator Is Oversold?
The NYSE McClellan Oscillator (aka NYMO) is at its most oversold level since last November (in the correction just prior to the election). With data going back to 1998, the current level (-77.73) is more oversold than 98% of other days. Historically, such extreme oversold levels have been followed by above-average returns over the next 1-12 months. […]
