Fed Gives Dollar A Smack
Yesterday’s Trading: The USD on Wednesday weakened throughout the market. The Fed decided to keep their interest rate at 0.25-0.50%. It was announced that the rate is to be raised twice this year, and not four times as was said earlier. It is this that caused a sharp fall of the dollar. The Kansas Fed […]
Japanese Exports To U.S. Plunge Most Since 2011 As Weak Yen Tailwind Evaporates
Japan just posted its largest trade surplus in 5 years (+JPY243bn) as exports dropped 4% YoY (worse than expected) but imports fell 14.2% (better than expected). However, the biggest standout was the ongoing deterioration in Japanese exports to the US which dropped by the most since 2011 as the ‘advantages’ of a devalued currency appear to have hit […]
Crude Oil Aiming For $40, Remains Bullish
Crude Oil prices rallied yesterday as US commercial stockpiles show a slower pace of inventory build up The weekly Crude Oil inventories report released by the U.S. Energy Information Administration yesterday showed that U.S. commercial crude inventories increased by 1.3 million barrels last week which were lower than the forecasted 2.9 million barrels. As of […]
EUR/USD Elliot Waves Analysis – 17 March 2016
Wave Analysis: EUR/USD is currently trading with a bullish bias. During the previous trading day, Euro traded long and is still pretty much bullish. From the ongoing price action, the demand for Euro by far out weighs its supply, thus, during this intraday, we wait for minor pullbacks towards 1.1178 for us to go long […]
Gaps Intact
This evening, I got my latest Short-Term Update from Elliott Wave International, and this graph jumped out at me: We seem to be back in “real soon now” mode (e.g. “this insane countertrend rally will stop and we will get sinking prices again…real soon now.”) That’s all well and good, but it just doesn’t seem to […]
Yellen Gives Bulls What They Want
(I’m back in the turret briefly, but my hands are failing me limiting my typing, so this report is shortened.) There’s a lot of spin (um, lying?) going on with the Fed’s announcement Wednesday. It’s consistent with past comments and runs as follows: Consumer Confidence has improved—no it hasn’t. Economic Growth is growing at “moderate” […]
5 Small Caps For Momentum Investors
I have been asked the same question many, many times: Why couldn’t you find these stocks much earlier? Well I’m listening and now using Barchart to find stocks much earlier by using more short term screening criteria. Today I used Barchart to sort the S&P 600 Small Cap Index stocks first for the highest number of new […]
Gold: Sets Up To Resume Broader Uptrend
Gold: With Gold rallying on Wednesday, we expect more upside pressure in the days ahead. To hold on to its downside pressure, further decline is envisaged. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the […]
E Economic Growth And Higher Wages
Economic growth and higher wages historically weren’t always associated, at least for decades (typically before the Gold standard was dropped and global growth expanded, largely -in time- at the expense of American workers and our industrial expansion), with ‘inflation’ as somehow being ‘desirable’. The idea was to see profits and growth occurring consistently, amid organically-achieved […]
Michael Noonan: Gold & Silver – The Elites Have Decimated The Country
TDC Note – Be sure and catch one of my first interviews, with the one and only Michael Noonan, from June 2014 – LINK I like both gold and silver. Both have been money, real money, depending on who you ask, for anywhere from four to six thousand years. When people say something like, “that’s stood […]
