It appears as if the downtrend for the S&P 500 index (SPX) is resuming. The most notable sign comes from 7 day momentum for SPX. It is turning down from below the zero line. When this occurs it us...
Market Overview After reaching its projection target of 1946, which was probably (but unconfirmed) the top of the a-b-c corrective rally from 1812, SPX retraced to 1872, rallied to 1927, and toward th...
Light economic calendar During the day on Monday, we have almost nothing as far as economic calendar is concerned. In fact, we believe that this will be simply a technical day more than anything else,...
Crude oil: The commodity continues to hold on to its downside pressure leaving risk of more strength on the cards. On the downside, support resides at the 30.00 level where a break will expose the 29....
China has blown about $1 trillion in US reserves defending the yuan from capital flight in the last year. Nearly $100 billion of that reserve outflow came in January. Let’s s take a look at the resu...
There is much talk about 2008 and many comparisons between then and now. It has been my experience that most of the pundits who shout: “2008!” have little knowledge and even less understanding of ...
Here are some cutting edge discussions about negative interest rates (NIRP) that are worth your attention. Some of the discussions speak to profound insights gained, and others speak to tweaks needed ...
Mainstream economists and media pundits have been telling people that problems in China are unlikely to cause serious problems in the United States. They point to the fact that China only accounts for...
The global oil supply finds itself at a precarious predicament at this point in time. We have OPEC and non-OPEC countries competing with one another for market share at the expense of profitability ...
As we previewed on Thursday, the biggest event of the week, and perhaps of the month, was not Friday’s nonfarm payroll report, but the January update of China’s FX reserves, relesed by th...