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First, we look into the previous day trade and what happened on August 3, 2018, and the EUR/USD pair opened at 1.15839 and went high at 1.16074 and gone to low at 1.15627 and finally closed at 1.15658. The calculated pivot point for the day is 1.15786. The difference between high and low was 44…

Sensex Ends 136 Points Higher; Banking Stocks Witness Buying

Indian share markets continued to trade in the green during the closing hours of the trading session and ended the day on a positive note. Gains were largely seen in the banking sector and telecom sector. At the closing bell, the BSE Sensex stood higher by 136 points (up 0.4%) and the NSE Nifty closed higher by 26 points (up 0.2%). The BSE Mid…

Tesla’s Cobalt Blues; Spin, Fake News Or Deception?

“Spin” is a form of propaganda that relies on a biased interpretation of fact to influence opinion. “Fake News” is a more dishonest form of propaganda that relies on a combination of fact and falsehood to influence opinion. “Deception” is an even more dishonest form of propaganda that principally relies on falsehood to influence opinion. Depending…

The S&P 500 In The Week When Apple’s Market Cap Reache

We’re definitely on the backside of 2018-Q3’s earnings reporting season, where the pace of news about the previous quarters earnings is slowing and investors are turning their attention toward other diversions. In the first week of August 2018, the biggest diversion was the news that Apple (NYSE: AAPL) had become the U.S. stock market’s first trillion dollar…

Models’ Update: Sunday, August 5

Here’s what my various trading models are saying about the U.S. stock market right now. The Medium-Long Term Model states that you should be long stocks right now. We are not in a “big correction” or “bear market”. This is still a “big rally in a bull market”. The next “big correction” or “bear market” is at…

Upcoming Earnings To Watch: DIS, FOXA, SNAP

The week of July 30 was another busy one during second-quarter earnings season. Apple AAPL blew investors away on its way to its historic $1 trillion market cap, while Tesla TSLA continued its polarizing ways. All of the FANG stocks have now reported, but the week of August 6 is full of big names as well. Apple’s quarterly earnings…