Currencies

Macro Investing Trends: 5 Stock Charts To Watch Now

Market trends and rotation occur in both localized (domestic) and global markets. With this in mind, it’s important to understand that we have many investment choices across the globe… and within our own given markets that we tend to follow. Additionally, many of these markets can be used as indicators…

U.S. Equities Show Resilience In Face Of Weak Jobs Report

The stock market indices slipped a bit after the Jobs Report miss (98K actual vs 180 expected), but have since recovered with the S&P 500 Index (INDEXSP:.INX) near positive ground.  Similarly, treasury bonds rallied hard on this weak data (with the 10 year yield briefly falling under 2.30%)… but bonds have since calmed…

US Dollar Index Forms Double Bottom Pattern At Yearly Pivot

The US Dollar Index (CURRENCY:USD) and Bullish Dollar ETF (NYSEARCA:UUP) are forming a double bottom price pattern on their respective trading charts. As well, both patterns are taking shape at yearly pivot (YP) support levels, adding strength to the potential pattern (and support). With all the uncertainty going on regarding the euro zone,…

U.S. Equities Short-Term Technical Outlook – March 20

Most of the world stock market indexes are fractionally today, including the S&P 500 (INDEXSP:.INX). German and Italian bond yields are slightly higher, while the US Dollar (CURRENCY:USD) is largely unchanged vs most of the Majors. Equities have failed to show the kind of upside continuation that was thought to…

Top Trading Links: Are Market Bears Onto Something?

Stocks saw some follow through selling this week… but the price action still has the S&P 500 (INDEXSP:.INX) just 1.3 percent off its all-time highs. The market clearly is overbought here but it has been for some time. And bears have paid the price. That said, market breadth has been underwhelming so…

Japanese Yen ETF (FXY): Elliott Wave Upside Targets

As a follow-up to Friday’s post about Yen futures, here we show some areas for the ETF trader to watch. Charting the CurrencyShares Japanese Yen Trust (NYSEARCA:FXY), we had been expecting a decline from last summer into the support zone that was tested. Now we expect a modest but tradable…

Bitcoin Trades Near Parity With Gold (chart spotlight)

While Gold (NYSEACA:GLD) has been on a tear in 2017. But as Bloomberg noted last week, Bitcoin is closing the gap! Gold is trading at $1,258 an ounce while the cryptocurrency (CURRENCY:BTC) is trading near the narrowest gap in history at $79 below spot gold prices. Earlier in 2017, Bitcoin…

Japanese Yen Looks Ready To Rally

Last June, we presented a chart here at See It Market showing the decline we anticipated in the Japanese Yen, by way of a related ETF (NYSEARCA:FXY). We were expecting the Yen (CURRENCY:JPY) to test near an area of prior support as the middle wave of a sideways/upward correction. Now there…