(“Above the 40” uses the percentage of stocks trading above their respective 40-day moving averages [DMAs] to assess the technical health of the stock market and to identify extremes in market sentiment that are likely to reverse. Abbreviated as AT40,
February 4, 2017
The Trump Trade is beginning to become the Donald Downfall. What’s next? Here is the Bank Of America Merrill Lynch view, courtesy of eFXnews: Markets are gradually getting concerned that the pre-election Trump and the postelection Trump may be the same
Fundamental Forecast for Gold: Neutral Gold Price Moving Average Cross and Hold Looking longer-term? Review DailyFX’s 1Q Gold Projections Join Michael for Live Weekly Trading Webinars on Mondays at 13:30GMT (8:30ET) Gold prices charged higher this week, recovering all the losses sustained in
People ask me all the time why I write so much. Here is the funny part, when I write I am writing for me. The process of writing helps me distill down the daily barrage of financial information into
The good news is: The NASDAQ composite (OTC) closed at all time high Friday. The Negatives New highs continued to deteriorate. The chart below covers the past 6 months showing the OTC in blue and a 10% trend (19 day
We discuss the elephant in the room for Donald Trump, Apple (AAPL) is the most profitable company in the world, has $250 billion in tax shelters, and if anybody can afford to bring manufacturing facilities back to the United States
Superb resilience, despite persisting protests or other socially disruptive efforts, encouraging outrage or even political upheaval, is a testament to something I observed in the week’s earlier trading. That was the failure of sellers to gain any significant toehold, even with
A wise old owl lived in an oak The more he saw the less he spoke The less he spoke the more he heard. Why can’t we all be like that wise old bird? John D. Rockefeller 1915 As one
On February 2, Merck (MRK) reported fourth-quarter results that met analyst forecasts on earnings, but missed on revenue. However, the miss was only by a slight amount. All things considered, the company performed well. Over the past year, Merck has
Here are my forecasts for upcoming economic data. ` Forecast Prior Observation Consensus Week of February 6 February 7 International Trade – December -$45.5B -45.2 -44.9 Consumer
