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Finance 0
A Chink In The Rally?-Market Overview
“If, however, as it is the case today, we are tracking an exceptionally strong counter-trend rally, we can assign a more liberal count to the trend and, in that case, we come up with 2058, 2070, and perhaps even 2080 before we reach a reversal point.” Last week, SPX reached a high of 2056.60 and had its best (minor, so far) pull-back since the 2009 high of 3/04. The high is close enough to the 2058 projection mentioned in last week’s letter to take notice, especially if the initial decline of 34 points continues down to its potential short-term target of about 2002. Incidentally, the 34-point retraction was equivalent to a .382 r... -
Finance 0
Australian Dollar Versus United States Dollar Currency Cross Analysis: March 27, 2016
We look at the AUD/USD Currency Cross in this video. Will the AUD get back to parity with the USD? The AUD is off the 2016 lows, will it strengthen or weaken from here for the remainder of the year? This is the big question for currency traders after the rally off the January lows in the AUD. ... -
Finance 0
Wall Street’s Week Ahead: Aeterna Zentaris, Micron Technology And BlackBerry Ltd.
While new market expansion and acquisitions are expected to play out well, differing revenue structures and supply/demand concerns could have an unfavorable effect on earnings. Here’s what to watch for this week from Aeterna Zentaris Inc. (USA) (NASDAQ:AEZS), Micron Technology, Inc. (NASDAQ:MU), and BlackBerry Ltd (NASDAQ:BBRY). Aeterna Zentaris Inc. (USA) Aeterna Zenaris will release earnings on Tuesday, March 29 after market close. For the fourth quarter, analysts are expecting revenues of $450,000 and a loss of ($1.30) per share, compared to revenues of $11,000 and earnings of $0.06 per share from the same quarter of last year. A... -
Finance 0
March 28th Binary Options Trading Opportunities
During the Monday session, we only get Core PCE numbers, so quite frankly were not expecting much in the way of announcements to move the markets. With this being the case, it makes sense that the markets will simply follow previous moves. USD/CAD The USD/CAD pair did very little during the session on Friday, and we recognize that we are still fairly negative but if we can break above the top of the shooting star from the Thursday session, we would be call buyers as the market should then reach towards the 1.34 level. If we break down below the 1.32 level, we would then be put buyers for a short-term move lower. EUR/USD The EUR/USD pair di... -
Finance 0
Forex Currency Score Classification For Week 13 / 27 March 2016
This article provides the Currency Classification for the coming weeks based on my analysis for the 8 major currencies. This is based on the technical analysis charts using the MACD and Ichimoku indicator on 4 time frames: the monthly, weekly, daily and 4 hours. The result of the technical analysis are the Currency Classifications charts in this article. Last 3 months currency classification updated on Week 13, 27 March 2016 The last 3 months currency classification from a longer term perspective are provided here with the new charts: Strong: USD / JPY / CHF. The preferred range is from 6 to 8. Average: EUR, AUD, NZD. The preferred r... -
Finance 0
E Nine Dow Stocks With The Most Bearish Charts
No matter how well or how poorly a stock index is performing, there are always laggards and leaders. Traditional advice would encourage investors to concentrate on the winners and avoid the losers (of course, the losers could also be shorted). Contrarians, who think the Dow is going to become more bullish, might want to follow the worst performing stocks (the idea behind the “Dogs of the Dow” investing strategy). A third approach would be to concentrate on the stocks in the index with charts that are transitioning from a bearish to bullish pattern. This article discusses the stocks in the Dow with the weakest charts at the end of the firs... -
Finance 0
The Monthly Charts Are Confirming Bear Markets Are Done
The Oil and Transports’ charts are looking like there just can’t be lower lows even as Gold shows it may be in a baby bull market. Like I’ve been saying for a long time: It’s time for everything to rise together. Well almost everything. Like I’ve been saying for a long time: It’s time for everything to rise together. Well almost everything.... -
Finance 0
Metals Market Signaling Lower
While we were watching intently to see if the market was going to take advantage of a further bullish set up this past week, when it broke support, it made it clear that we have likely topped in wave i off the recent lows. However, I have to note that silver has a very uncertain 5 wave structure off the lows, which is why I posted that I was shorting it on Tuesday, with a stop at 16.05. In fact, by the end of the week, we can even see a 5 wave structure off the recent highs in silver, which is suggestive of the potential that silver can very well see a lower low. This means that silver may finally strike our long term ideal target at 12.75.... -
Finance 0
Economic Events Of The Coming Week- 3/27/2016
Monday: February Personal Income and Personal Spending data will see light in the U.S., for both of which analysts expect a small monthly increase. February’s Pending Home Sales will also see light in the U.S., as will the Dallas Fed Manufacturing Outlook. Tuesday: February Labor market data will see light in Japan, with analysts expecting the Jobless Rate to remain stable at 3.2%. February’s M3 Money Supply data will see light in the Eurozone. In the U.S., the March Consumer Confidence Index will see light. Fed Chair Yellen is also scheduled to speak in New York. Wednesday: In the Eurozone, the final estimate for the March Consumer...
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