A slightly more sober performance by markets as ‘Quadruple Expiration‘ has wrapped up, is being telegraphed, and likely looms immediately ahead. Of course markets will ponder the Fed rate increase (essentially discounted in terms of actual Treasury moves) and talk about tariff-related prospects.
September 23, 2018
Here’s what my various trading models are saying about the U.S. stock market right now. The Medium-Long Term Model states that you should be long stocks right now. We are in a “big rally in a bull market”. The next “big correction”
In February 2017 EURAUD found a bottom, rallied higher and has been trending higher since. Traders should continue to follow the trend and look for possible signals for any buying opportunities. At the moment the pair can extend higher as
“Yields: On the march!”, Jeff Gundlach tweet-shrieked, on Tuesday, before chiding the media for not paying enough attention to market action that essentially invalidated his “monumental” short squeeze pseudo-prediction. “10’s above 3% again, this time without financial media concern”, he
The primary fundamental drivers of the past months have taken a notable change in course or have otherwise withdrawn their influence over the broader markets. Is this renewed risk appetite and discounted range of threats a dependable course for the
My timing was pretty good. As it turned out the Dow Jones saw two new all-time highs this week, the week I returned from a month long break. These new all-time highs in the Dow Jones marks the termination of
Our analysis for the coming week is for the S&P 500 (SPX) to trade in a choppy range, setting the stage to begin to roll over. The shifted cycle for the Russell 2000 will provide some downside pressure, as the
It has been a very exciting week in the offshore drilling sector, most notably because we saw four different major offshore drilling companies get awarded new contracts. These contracts were primarily for harsh-environment semisubmersibles, which is an area that has
This week is likely to be very active, as there is plenty of important data scheduled concerning the U.S. Dollar as well as some other currencies. The week will probably be dominated by central bank input concerning the U.S. Federal
Stocks logged a second consecutive winning week, and a second straight record weekly close, though the bulls ended the week with anything but enthusiasm. Then again, they didn’t need to finish the trading week on a high note to
