Were you prepared for this action today? At chartfreak, we have been selectively buying Miners and other commodity stocks for weeks, and discussing the bullishness in this sector, despite many articles expressing concern over it. I’m opening up the weekend
August 28, 2017
Ok, so just a quick update as everyone tries to sort out exactly what the hell happened a couple of hours ago when the second-most unhinged leader on the planet decided to fire a missile over Japan. Bloomberg notes that
EURUSD remains in the uptrend from 1.1662. Further rise could be expected in a couple of days and next target would be at 1.2165 area. Near term support is at 1.1900, as long as this level holds, the uptrend will continue.
There are still two to three days before the peak flooding – and damage – in Houston arrives, yet already Wall Street is trying to calculate how much the worst natural disaster in decades befalling the 4th largest American city
Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB) DOW – 5 = 21,808 SPX + 1 = 2444 NAS + 17 = 6283 RUT + 4 = 1382 10 Y – .01 = 2.16% OIL – 1.06 = 46.81 GOLD +
Hurricane Harvey sunk U.S. crude prices by 2.44% on Monday after the massive storm forced closures at multiple refiners in the Gulf of Mexico. Harvey, which began last Friday and caused devastating floods in the Houston area, helped send oil prices
It looks like a a massive reverse Head & Shoulders formation could play out nicely if Gold can break and hold above its neckline (and converging 40% Fibonacci retracement level) around 1376, as shown on the Monthly chart below. Longer term, we could see an
Such a dull market. If you are losing your mind watching the ticks, go outside, take a walk, and come back in. You probably won’t miss anything. Since the gap higher, the bears are trending this market lower, but very
Shares of several grocery store chains, including Kroger and Sprouts Farmers Market, dipped on Monday after Amazon’s (AMZN – Free Report) acquisition of Whole Foods (WFM – Free Report) officially went into effect. The online retail giant’s $13.7 billion purchase of the organic grocer
