The SharePlanner Reversal Indicator is lighting up with green. After a good solid month of August where price action spent most of its time in the red, the last three days have been uber-bullish for the S&P 500 (SPX) and may even finish in the green to close out the month, which would really be…
We are in a new world this year in terms of the economic recovery. This year we’ve seen earnings beating the estimates from before the bar was lowered a few weeks before the reports. For the past few years we saw estimates lowered and the lowered estimates beaten. It was a game of misdirection as…
It has been proven repeatedly by various market experts that stock market cycles exist. Whether you believe in them or not that is up to you, but as a technical trader myself I see price action repeat on virtually all time frames from the intraday charts, to daily, weekly, monthly, quarterly, yearly, and beyond. In…
If you don’t know what Despacito is, I will explain it in a minute. But first, lets talk about Puerto Rico. The Commonwealth of Puerto Rico is a territory of the United States. Back in 2015, Puerto Rico defaulted on $58 million in bond payments. Then things got worse with more defaults, and all these problems appear…
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through June . “Travel on all roads and streets changed by 1.2% (3.4 billion vehicle miles) for June 2017 as compared with June 2016.” The less volatile 12-month moving average was up 0.1% month-over-month and 1.0% year-over-year. If we factor in population…
A solid day for the Nikkei today closing up +0.7% but have watched yen trade comfortably with a 110 handle all day. Talk in Japan is very much concentrated on Theresa Mays three day visit and the possible speculation surrounding Japan/UK trade deal. There was a sense that today’s session seemed a rebalancing after the…
Amid chaotic swings in the dollar, and flash-crashes in precious metals, it seems anxious global investors have pushed into cryptocurrencies as a safe-haven overnight with the top 5 virtual currencies all soaring. Bitcoin has reached a new record high at $4740… Pushing its total market cap near that of Morgan Stanley. Bitcoin is now bigger than 425…
The U.S. Energy Department’s inventory release showed that crude stockpiles recorded another massive drop on continued strong refinery runs. With oil supplies falling for the ninth week, investor sentiment has turned slightly positive on dissipating fears about a meltdown to sub-$40 levels. Analysts also believe that the trend, if sustained, could help tighten the market…
Whilst August is generally a month of relaxation and rest, for the US indices it has been one of turmoil and tumult, signified with wild swings of collapse and recovery with the market swinging violently in a wide range. Long gone are the days of stately progress higher in measured and even paced steps, as…
A review of the day’s trading in the agriculture markets. Video length: 00:14:43
