The Dow Is About To Break It’s Bear Market Trend Line
Barring a complete reversal in the futures before the open, the Dow is going to follow the mid caps and the transports and break its 7 year cycle down trend line confirming that the 7 year cycle has been struck. The perma trolls got it wrong again. They have become the perfect contrary indicator. Just […]
Asian Markets React To Yellen’s Caution
Asian markets advanced on Wednesday, following gains in U.S. equities overnight after Federal Reserve chair Janet Yellen told markets that the Fed would move ‘cautiously’ in a scheduled speech to the Economic Club of New York on Tuesday. Only Japan’s Nikkei 225 closed down 224.57 points, or 1.31 percent, at 16,878.96. The Korean Kospi ended […]
EUR/USD: Dealing With The Fed’s Confusion
Yellen went full dovish, once again, and this certainly hurt the US dollar. What does this mean for EUR/USD? The team at Nordea analyzes: Here is their view, courtesy of eFXnews: The Fed has done its best to propagate confusion recently. Why the Fed chose to walk the dovish path in March is crucial for the […]
T2108 Update – Yellen Punches The Market’s Refresh Button
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on […]
Italian Economic Woes Drag On MIB Despite ECB Tailwinds
Even with the implementation of extremely accommodative monetary policy conditions across the Euro Area intended to promote growth, inflation, and spur lending, equities have not benefited as greatly as anticipated owing to a host of factors. For Italy in particular, challenging domestic economic conditions and lacking fiscal stimulus measures have prevented the economy from rebounding […]
S&P 500 And Nasdaq 100 Forecast – March 30, 2016
S&P 500 The S&P 500 initially fell during the day on Tuesday, and then shot towards the 2050 level. We closed at the very top of the range, and that of course is a very bullish sign. Given enough time, I believe that the market will then reach towards the 2100 level. I think the […]
FTSE 100 Receives A Boost On A Dovish Yellen
The FTSE 100 continues to digest its gains from mid-February. However, the underlying trend is bullish above the March 10 low of 6006, as it is the most recent swing low and higher than the preceding swing low of 5843. The March 18 high of 6237 is not only the March high, but also a […]
This (Crashing) Trend Is Not Your Friend
Despite Yellen’s best efforts to basically dismiss any and all data as irrelevant going forward in The Fed’s decision-making process, we suspect all eyes (and algos) will be firmly glued to this week’s payrolls’ data. Will it be another record month for Obama to crow about? Will Mark Zandi do the “told you so dance” […]
The ‘Mystery’ In TIC Is Likely Important Given These Big Numbers
The “first” part of the TIC data update for January was relatively straightforward, especially since the scale of the net transaction adjustments in both December and January really did match what happened in January (crossing into February). The Treasury Department’s estimate for foreign holdings of US dollar assets were nothing short of remarkable in all […]
How Many Tech Startups Are Empty Shells?
How many startups are empty shells filled with glitzy PR designed to appeal to VC newbies? It’s widely accepted that most tech startups will fail. Perhaps the core business proposition didn’t pan out, or the execution was flawed, or the initial success foundered on poor management, or another startup scaled up fast enough to suck up […]
