Kurt Osterberg

Browsing All Posts By Kurt Osterberg

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S&P 500 And Nasdaq 100 Forecast – Thursday, July 6

S&P 500 The S&P 500 was very volatile on Wednesday as the Federal Reserve released the Meeting Minutes, which essentially set everything that the market new. However, when I do pay attention t...
On July 6, 2017 / By Kurt Osterberg
Finance 0
Stocks And Bonds Mostly Heavier, While Dollar Hovers Little Changed

The US dollar is narrowly mixed against the major currencies after being confined to tight ranges through the Asian, and European morning session. Equities are nursing small losses, and interest rate...
On July 6, 2017 / By Kurt Osterberg
Finance 0
NFP Preview: Jobs Distraction Could Be An Opportunity To Trade The Wage Data

The first Friday of the month is upon us with the Non-Farm Payrolls report. Once again, the key data point is wages. The Fed focuses on core inflation and a rise in this measure is basically impossibl...
On July 6, 2017 / By Kurt Osterberg
Finance 0
USDX Elliott Wave Analysis – Thursday, July 6

Short term USDX (USD Index) Elliott Wave view suggests the rally to 97.88 high on 6/20 ended Intermediate wave (X). A decline from there is unfolding as an impulse Elliott Wave structure with ext...
On July 6, 2017 / By Kurt Osterberg
Finance 0
For Hopeful Bears, A Bull Market Target

Written by Rick Ackerman, Rick’s Picks I proffered rally targets as high as 230.08, or even 269.40 in my last tout, but we’ll lower the bar a bit just to be cautious. Mainly, it’s a case...
On July 6, 2017 / By Kurt Osterberg
Finance 0
E GBP/JPY Intraday View; Looking Higher

We see a nice impulsive bullish activity on hourly chart where recent price action since the start of June, looks corrective. It’s wave four that is pointing up into wave five, towards 148.00. GBP/J...
On July 6, 2017 / By Kurt Osterberg
Finance 0
Crude Oil Prices May Rebound After Biggest Drop In A Month

Crude oil prices plunged, posting the largest one-day loss in a month, as investors digested a toxic batch of headlines. Perhaps most critically, Russia was said to oppose a deeper cutback in produ...
On July 6, 2017 / By Kurt Osterberg
Finance 0
Best First Half For Wall Street Since 2013: Top 5 Gainers

U.S. stocks saw the strongest first half of a year since 2013 on expectations that the Trump administration will deliver on the much-awaited policy changes. But as prospects for such initiatives dwind...
On July 6, 2017 / By Kurt Osterberg
Finance 0
New Home Sale Prices Surge In May 2017

We’re telling a story in two charts today. First, the relationship between median new home sale prices in the U.S. and median household income, from December 2000 through May 2017. In the cha...
On July 6, 2017 / By Kurt Osterberg
Finance 0
What’s Going On With US Consumers? Store Traffic Plunges 8% Into July 4th Weekend

First it was auto the auto parts suppliers getting hammered after O’Reilly Auto announced unexpectedly poor results (duly blamed on “mild weather” and weaker than expected Hispanic...
On July 6, 2017 / By Kurt Osterberg