Since February 8 when the Dow Jones broke below its -10% BEV line in the chart below, it’s been building a pennant formation. I don’t know how significant it will be when the BEV plot breaks above or below the
March 18, 2018
The EUR/USD pair faces further weakness in the new week. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the
The fragile mental state of MLP investors left them ill-prepared for Thursday’s ruling by the Federal Energy Regulatory Commission (FERC). By modifying how MLPs calculate certain tariffs, it sent the sector on another wild afternoon ride. It’s a complex issue – pipelines
The American Express Co. AXP is likely to get a breather from the Senate’s recent decision to bring in a few amendments to the Dodd-Frank Act. Regulations and policies extensively control the company, TRS and its U.S. bank subsidiaries, American Express Centurion
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all
Facebook started it – banning crypto/ICO ads on Jan 30th, then came Google – copying Facebook’s ban on March 14h; and now, less than a week later, Twitter is signalling support for the crypto-crackdown , planning its own ban on ads. image courtesy
This weekend I decided to do things a little differently, and share some charts that were in a related industry. I am short all of these positions shown.
The Australian dollar fell on fears of trade wars and ahead of the Fed decision. The upcoming week features important events from Australia: the jobs report and also the RBA meeting minutes. Will the pair recover? Here are the highlights of the
Is the marginal equity buyer back? Two weeks ago, JPMorgan’s Nikolaos Panigirtzoglou asked the following question: Has the marginal equity buyer gone? He was of course referring to the retail bid for stocks. Following the rather dramatic outflows that coincided with the February market
Cybersecurity stocks have been consolidating in the last 18 months. As usual, investors give up after such a long time, given amazing strength in other tech sectors like social media, cloud computing, and, until recently, blockchain stocks. As it always goes once
