EUR/USD Signal Update Yesterday’s signals Today’s EUR/USD Signals Risk 0.75% Trades must be entered before 5pm London time today only. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of the bullish trend line currently sitting at around 1.0822. * Put the stop loss 1 pip below the local swing low. * Adjust the stop loss to break even once the trade is 20 pips in profit. * Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. Long Trade 2 * Long entry following a bullish price action reversal on th...
Markets made a mistake when it allowed for a drop in the share price of PayPal (PYPL). After reporting quarterly results that negated fears of weaker transactional volumes, PayPal’s stock bounced back. There are a number of reasons the former eBay (EBAY) subsidiary will give strong returns for investors. Interest for PayPal never fell since October 2015. Per TickerTags, the count of mentions for PayPal held steady, at a million. There is still a direct correlation between PayPal and eBay. Even after the separation, the frequency of mentions for eBay and PayPal were in sync: Source: www.TickerTags.com As mentions for eBay improved by mid-Jan...
WTI Crude Oil The WTI market fell again during the session on Tuesday, as we broke below the $30 level. It now appears that the market is going to continue to go much lower, reaching towards the $28 level. That is an area that offered a significant amount of support previously. We ended up bouncing enough to go all the way to the $34 level last time we tested this region. That being said, we could get another bounce, but I think that will only incite more selling. I do not see this market rallying, at least not for any real length of time even though we get Crude Oil Inventories coming out of America today. Any rally at this point in time off...
It’s dividend income update time. One of my favorite times of the month as I get to review my previous month of passive income received from my dividend income portfolios. Without rehashing the wild ride we experienced in January too much, I could find comfort in one thing, my dividends. As we all know, the market may move up and down irrationally and seemingly on a whim while our dividends remain much more stable, reliable and predictable. Sure, dividends may not increase every year and a cut or elimination is even possible but the odds are greatly reduced when you diversify among different companies and sectors and focus on dividend quali...
GBPUSD: Having reversed its Tuesday losses to break further higher during Wednesday trading session, GBPUSD targets additional strength towards the 1.4559 level. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more weakness towards the 1.4300 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, resistance stands at the 1.4550 levels with a turn above here allowing more strength to build up towards the 1.4600 level. Further out, resistance resides at the 1.4650 level followed by the...
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH16 +0.26%) are up +0.20% as stock index futures track crude oil prices (CLH16 +1.84%) which are up +1.67%. European stocks are down -0.93% at a 1-1/2 week low as losses in Italian banks lead the market lower. The cost of insuring corporate debt in Europe rose as the Markit iTraxx Europe Index of credit-default swaps on investment-grade companies rose above 100 bp, the highest in 2-1/3 years, as the continued decline in energy and commodity prices is putting pressure on miners and energy producers along with the banks that have loaned to those companies. Asian stocks settled lower: Japan -3....
While the biggest news of the night had nothing to do with either oil or China, all that mattered to US equity futures trading also was oil and China, and since WTI managed to rebound modestly from their biggest 2-day drop in years, continuing the trend of unprecedented, HFT-driven volatility which has far surpassed that of equities and is shown in the chart below… … despite the API reporting a jump in oil inventories, rising back over $30, and with China falling only 0.4% overnight after the National Team made a rare, for 2016, appearance and pushed stocks to close at the day’s high, US E-minis were able to rebound from ove...
The top mid cap sectors are utilities and consumer goods. Packaging & containers is the best scoring industry. The average mid cap score is 55.76 and that’s above the four week moving average score of 52.86. The average mid cap stock in our universe is trading -30.36% below its 52 week high, -10.88% below its 200 dma, has 6.28 days to cover held short, and is expected to post EPS growth of 12.84% in the coming year. Utilities, consumer goods, and technology score above average. Financials and services score in line with the mid cap average score. Healthcare, industrial goods, and basic materials score below average and should be und...
Oil price slid below $30 mark again in New York yesterday as weekly data from the American Petroleum Institute showed a 3.8 million barrel stock build. This abundant supply contrasted with recent mixed manufacturing gauges in China and Eurozone. The figure also matched expected inventories for official data by U.S. Department of Energy tomorrow. Volatility returned just as the world’s two largest oil & gas companies Exxon Mobil (XOM) and BP (BP) reported lowest earnings in a decade. As market’s expectation focuses on oversupply, a spot on report by DoE tomorrow may not be perceived so badly, hence support price consolidation. Gold p...
Warren Buffett is worth over $60 billion. He knows a thing or two about investing. True geniuses tend to make things simpler, not more confusing. Buffett is no exception. Buffett simplifies investing down to the following: “All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies.” That doesn’t sound overly complicated – because it isn’t. Click here to see 17 of Warren Buffett’s best quotes analyzed. Buffett says there are 3 things that make a successful investment: Good stocks (strong competitive advantage) Good times (low prices) Stay with them as long as they ...