The past month has seen assets gain in price, despite an increase in investor anxiety due to comments from the European Central Bank (more on that below). In the U.S., tweets continue to be plentiful while new legislation remains scarce. Yet despite these interesting times, the economy continues to grow…
Traders returned on Wednesday to see fractional gains in across the various global equites markets. Domestically, trends remain very much neutral for the S&P 500 (INDEXSP:.INX). Deteriorating sectors like Technology have not had much effect on the S&P 500 thus far… this likely due in part to Financials breaking out…
Commodities had a nice week last week, rallying sharply off recent lows. After five consecutive weekly losses, the Reuters/Jefferies CRB index rallied 4.2 percent last week, but dropped 2.8 percent anyway in June – its sixth straight negative month. And this comes on the heels of a U.S. Dollar decline…
In our April post about the British Pound, we suggested that it should climb a bit higher to test an important resistance zone before resuming its larger downward trend. Now the Pound is in the zone, and we are watching for signs of a reversal. In April we used a…
If you saw our recent post charting the leading U.S. Dollar ETF (NYSEARCA:UUP), you know we expect the Dollar to resume its advance soon. In conjunction with a Dollar rally, readers here should be able to find some good short setups with paired currencies. In fact, we believe monitoring the…
Last month, I took a look at Bitcoin (CURRENCY:BTC) and identified a cluster of important price targets that would likely provide resistance for its parabolic move higher. These price targets held, and since then Bitcoin has declined sharply. Today, i”ll provide a quick update with some potential support levels to…
The following are non-commercial futures trading positions as of May 30, 2017. Note that the data were released in the June 2 COT Report (Commitment of Traders). Below are 3 charts of futures trading positions for commodities traders, including Crude Oil, Gold, and the US Dollar. Crude oil: Currently net long 434.8k,…
The final trading day of May is seeing waving US Futures markets and flattish European and Asian markets. The US Equities market is set to finish positive for the month… which would mark gains in the S&P 500 (INDEXSP:.INX) 6 out of the last 7 months since the election (with March…
With the minor decline in the U.S. Dollar Index (CURRENCY:USD) during recent weeks, it looks as though the alternate scenario we wrote about in March may be playing out. If so, then the Dollar index and the related Power Shares DB U.S. Dollar Bullish ETF (NYSEARCA:UUP) may be ready to…
Going back and looking at trading chart patterns with a “coulda shoulda woulda” eye can be annoying. So forgive me for the following Bitcoin (CURRENCY:BTC) charts. I love chart patterns and curiosity got the best of me as I saw Bitcoins parabolic move hit a cluster of potential targets and…