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Finance 0
Tech Wreck Erases ‘Ross Rout’ Rebound As Government Shutdown Fears Grow
The Top? Video length: 00:05:20 Bonds & bullion remain bid post the Ross Rout as Nasdaq sinks… And while stocks were exuberant overnight, only Trannies remain positive from the start of the Ross Rout… with Nasdaq getting monkey-hammered… (biggest reversal in the S&P 500 since Feb 2016) Equity momentum is getting smacked as investors rotate into Value… Today’s 4% divergence between Momo and Value is the biggest since the election… Did President Trump jinx it? 11 of the last 12 days have seen shorts squeezed (but note today’s opening squeze rolled over notably)… Big day for banks again... -
Finance 0
Terror In The Dow At 25,000
Today, the Dow Jones Industrial Average hit a high of 24,534.04. Not quite at my terror point, but close. The last time I used the analogy from the Twilight Zone episode when William Shatner sees a gremlin on the wing of the airplane he’s flying in, was when the Dow tried for 18,000. In 2015, from April through June, the Dow tried to clear 18,000. Each time it did so on a weekly basis, it failed to close those months out above 18k. As a result, by August, everyone on the plane saw gremlins which forced a crash landing in the Dow down to 15,370. Then, it took nearly one year more for the Dow to try 18,000 again. On July 2016, with no more gr... -
Finance 0
Hawkish Reserve Bank Of Australia (RBA) To Fuel AUD/USD Recovery
The Reserve Bank of Australia’s (RBA) last interest rate decision for 2017 may shake up the near-term outlook for AUD/USD should the central bank prepare households and businesses for higher borrowing costs. The RBA is likely to reiterate that ‘holding the stance of monetary policy unchanged would be consistent with sustainable growth in the economy and achieving the inflation target over time’ as the region continues to face below-target inflation. In turn, Governor Philip Lowe and Co. may largely endorse a wait-and-see approach for monetary policy, with the Australia dollar at risk of facing a bearish reaction as the central bank ... -
Finance 0
Semiconductor Index Continues To Sell Off
After Friday’s sell-and-recovery it had looked like there was an opportunity to play a bounce, particularly for the Semiconductor Index. However, the reality proved to be different. Instead, sellers maintained the run of form from Friday and pushed the Semiconductor Index right down to Friday’s low – undercutting the 50-day MA in the process. Monday’s close delivered a net bearish turn in technicals. The slower trendline connecting the July-August swing lows is the next target down. Not surprisingly, the Nasdaq and Nasdaq 100 suffered in sympathy with the Semiconductor Index. Selling action in the Nasdaq left th... -
Finance 0
Forex Metrics And Chart Week 49/2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the EUR(4X) with the GBP(4X). The weaker currencies are the NZD(4X) followed by the AUD(2X), JPY(2X) and USD(2X). By diversifying a nice combination can be traded in the coming weeklike e.g.: EUR/NZD with the GBP/AUD EUR/JPY with the GBP/USD Ranking and Rating list Analysis based on TA charts for all the major currency pairs. Good luck to all.No advice, just info. Every week the Forex ranking rating list will be prepared for the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip ... -
Finance 0
Happy Time Vibe
DOW + 58 = 24,290 (Record) SPX – 2 = 2639 NAS – 72 = 6775 RUT – 11 = 1532 10 Y + .02 = 2.38% OIL – .91 = 57.45 GOLD – 4.00 = 1276.70 Cryptocurrency Number of Currencies: 1,362 Total Market Cap: 1,362 Volume (24h): $13,255,090,001 1,362 Name Symbol Price USD Market Cap Volume (24h) Total Vol. % Price BTC Chg. % 1D Chg. % 7D Bitcoin BTC 11,582.0 $195.97B $6.14B 46.29% 1 -0.11% +19.49% Ethereum ETH 462.13 $45.26B $1.03B 7.74% 0.0404611 -0.62% -1.92% Bitcoin Cash BCH 1,508.90 $26.23B $777.45M 5.87% 0.134083 -1.97% -3.99% Ripple XRP 0.24700 $9.79B $107.72M 0.81% 0.00002174 +0.82% -3.39% IOTA MIOTA 2.23250 $7.22B $1.0... -
Finance 0
Senate And House Tax Bill Differences Need To Be Rectified
Tax Bill Timeline Monday’s market trading was affected by the changes in tax policy, once again, with the Dow underperforming the Nasdaq. Let’s first look at the timeline of the legislative process. The bill has gotten through the critical steps of passing the House and the Senate, but since both bodies passed different bills, there needs to be a reconciliation. As you can see from the timetable below, the bill is expected to be in the conference committee for the next 2 weeks. The conference committee reconciles the differences between the two plans. Differences Between The House & Senate Plan The first difference is the Senate plan... -
Finance 0
Bitcoin Achieved What The Gold Market Never Could And Never Will?
There is no absurdity so palpable but that it may be firmly planted in the human head if you only begin to inculcate it before the age of five, by constantly repeating it with an air of great solemnity.- Arthur Schopenhauer Gold bottomed in 2002, and it took nine years for its trade to a high of roughly $1900 (September 2011). Contrast that to Bitcoin, in less than 1/3rd of the amount of time it is showing gains of more than 11,000%. It took nine years for Gold to show gains of roughly 700% and Gold has given up a substantial portion of those gains. We bailed out of Gold in 2011 for two reasons: Gold was trading in the extremely overbought ... -
Finance 0
India ETFs In Focus As GDP Rebounds
India’s GDP grew 6.3% annually year over year in the July-September quarter of 2017, missing expectations of 6.4%, per a Bloomberg survey. However, it rebounded from 5.7% growth in the previous quarter, which was a three-year low, owing to headwinds related to Modi’s demonetization move in November and the introduction of a major tax reform in the form of Goods and Service Tax (GST). The Reserve Bank of India (RBI) kept the interest rate unchanged at 6% in its October monetary policy meeting, owing to fears of rising inflation. The strong GDP growth figure is expected to provide support to the central bank to hold rates in its December Mo... -
Finance 0
Natural Gas Takes Another Beating
Natural gas prices declined another 2.5% today after gapping up modestly last evening. Prices lingered up into this morning before a wave of morning sellers hit prices hard, and we were unable to recover losses through the trading day, settling just a couple cents off the lows. Cash prices were not quite as pressured, actually rising slightly after Friday’s intense selling. The result was another decline in the prompt/cash spread, which was near the top of its range to close out last week. Despite intense selling along the entire natural gas strip, F/G was relatively firm, indicating it is not near-term weather that appeared to be...
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