In this week’s video, we take a look at the most important event of last week, which had a notable impact on the markets, and somewhat changed the market sentiment toward the US. The US Jobs Report came in with mixed outcomes, the new jobs created came in higher than expected, but the rest of the data slowed down. Yet, the US Dollar managed to rise across the board. We explain the reason behind such rally and speculate the possibility for an extension of the current move. We also take a look at the most important events that we will be watching over the coming days, especially on Wednesday, Thursday, and Friday. Finally, we take a look at o...
After opening the day on a positive note, the share markets in India continued to witness buying interest tracking global markets. Barring FMCG stocks, all sectoral indices are trading in green, with stocks in the information technology sector & PSU sector leading the gains. The BSE Sensex is trading higher by 245 points (up 0.8%) while the NSE Nifty is trading higher by 57 points (up 0.6%). The BSE Mid Cap index and BSE Small Cap index both are trading up by 0.4%. Gold prices, per 10 grams, are trading at Rs 27,629 levels. Silver price, per kilogram is trading at Rs 35,563 levels. Crude oil is trading at Rs 2,864 per bar...
After making a new closing high at 2453.46 on June 19 the S&P 500 Index began trending lower back toward the 50-day moving average where it rebounded enough after the nonfarm payroll report to speculate that support at the 50-day moving average held once again. Since the second quarter ended and earnings reporting will start soon it is time once again to update our Volatility Kings ™ list of companies having a regular tendency to experience increasing option implied volatility as their quarterly reporting dates approach. A more detailed market review will be featured again next week. The degree of uncertainty for upcoming reports may no...
INVEST1000 is officially underway. Lester got things started by sharing his thoughts on how he plans to invest his $1,000 fund. After the intro was published, I received a few thoughts from people wondering whether technicals will work. As it’s not my money, and I don’t plan to tell Lester what to do, we will have to see how it works. The main goal is to provide the advice and coaching required to work through finding which stocks to invest in, how to interpret the basic stock info and properly allocate the funds. In this first episode of INVEST1000, we go through all that. Video Length: 00:40:52 Video Table of Contents [00:39] General o...
Last Thursday’s signals were not triggered as there was no bullish price action at 0.9617. Today’s USD/CHF Signals Risk 0.50% per trade. Trades may only be entered between 8am and 5pm London time today. Short Trade 1 Short entry after bearish price action on the H1 time frame following the next touch of 0.9678. Put the stop loss 1 pip above the local swing high. Move the stop loss to break even once the trade is 20 pips in profit. Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run. Long Trades Long entry after bullish price action on the H1 time frame following the next...
The latest weekly equity (and bonds) sentiment poll I take on Twitter has produced some interesting results this week. I have done this poll each week for about a year now, and have collected the results in an excel sheet and thus am able to produce some charts and insights based on the emerging historical patterns and trends. This week there’s a couple of things I wanted to point out. First is the YTD high in net-bullish fundamental sentiment – which stands in contrast to the fairly weak reading in technicals driven sentiment [the survey differentiates between technical and fundamental driven/rationale sentiment]. Technicals se...
EUR/USD started the new week in the same place it ended the previous one, around 1.14 and not going anywhere fast. What’s next? Here are a few opinions: Here is their view, courtesy of eFXnews: EUR/USD: Monitoring ECB Reaction On A Move Above 1.15; Looking For A S/T Correction – Nordea Nordea FX Strategy Research notes that with EUR/USD currently almost 5% higher than ECB assumed in June, and the trade-weighted EUR roughly 3% stronger, it will be interesting to see if any ECB officials comment on the currency. “ECB Coeure has done so around 1.15 in recent years. If not, a move above 1.15 could augur a shift towards 1.18-1.20,” Noreda...
WTI Crude Oil The WTI Crude Oil market fell significantly during the day on Friday, as the US dollar strengthened a bit, but quite frankly continuation of bearish pressure is something that can be expected looking at the charts anyway. After all, the Russians have said that they are not going to cut further or even extend production cuts. OPEC has lost the ability to control pricing in the oil market, and therefore think that we continue to go lower. The next obvious areas the $42.50 level which extends down to the $42 level. A breakdown below the $42 level as this market breaking down rather significantly. Currently, I think the best way to ...
“Those who cannot remember the past are condemned to repeat it“. George Santayana 9 months ago, it must have seemed such a good idea. Ed Morse of Citi and other oil market analysts were calling the hedge funds with a sure-fire winning strategy, as the Wall Street Journal reported in May: “Dozens of hedge-fund managers and oil traders attended a series of closed-door meetings in recent months with OPEC leaders—the first of their kind, according to Ed Morse, Citigroup Inc.’s global head of commodities research, who helped organize some of the events. “Group officials made the case for how supply cuts from the Organization of the Pe...
After opening the day marginally higher, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the telecom sector and IT sector witnessing maximum buying interest. The BSE Sensex is trading up 205 points (up 0.7%) and the NSE Nifty is trading up 60 points (up 0.6%). The BSE Mid Cap index is trading up by 0.4%, while the BSE Small Cap index is trading up by 0.6%. The rupee is trading at 64.49 to the US$. As per an article in Business Standard, after in-principle approval for strategic disinvestment in Air India, the Centre might move swiftly on its next round of str...