2018 Stock Market Forecast | Inflation discussed the direction of the major stock market average and stock and bond indexes in 2018. We also revisit our calls on the stock market for 2017 to review how accurate we were. Inflation broke out to multi-year highs in 2017 and we expect rising interest rates and rising…
The New Year celebrations in Sydney are usually highlighted in the news all over the rest of the world as they wait for their turn. This year, the Australian dollar is also a leader. AUD/USD ended 2017 on a strong note and the gains extend into the new year. The pair is challenging resistance at…
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a negative note with stocks in the realty sector and energy sector witnessing maximum selling pressure. The BSE Sensex is trading down 5 points (down 0.01%) and the NSE Nifty is trading up 2 points (up 0.01%). The BSE Mid Cap index is trading down by 0.6%, while the BSE Small Cap index is…
Bitcoin made a potential major low on December 22 at $11,179.30 (source: Optuma). This low corresponds to four preceding important lows starting from the low of March 27, 2018 and therefore has a good chance of holding. Even though a key low may have been put in, geometric analysis indicates caution in the near-term as…
As 2017 comes to a close, it’s time to review the top energy stories of the year. There are several stories that could compete for the year’s top spot, but this year I have decided to list the stories roughly in the order they occurred during the year. Thus, the recent tax reform bill, which would…
Who’s afraid of a multi-asset drawdown catalyzed by a bond tantrum in 2018? Nobody, right? Because drawdowns no longer happen. The entire world has turned into China. Selling is de facto illegal. And hell, given how much Trump seems to look up to Xi (an ironic turn given all the anti-China rhetoric that was tossed…
As 2018 begins investors try to decide what the best investments are to get into. Last year it was marijuana stocks and technology companies. Will 2018 repeat the same trend? Probably not. When the economy grows faster the chair of the Federal Reserve tends to raise interest rates. Given how the GDP growth in the…
Here’s what we are looking for in tomorrow’s economic reports (Jan 2, 2018) — Good Luck Trading! 1. AiG PMI Manufacturing (17:00 NY Time) Bearish AUD — Potential for downside surprise given sharp drop in biz confidence suggests weaker data. 2. GE and EZ PMI Manufacturing Revision (3:55 and 4:00 NY Time) — No Trade…
It wasn’t a big sell-off but there was a downward break of the bullish squeeze in the Russell 2000. It was associated with a MACD trigger ‘sell’ although this had effectively flatlined from the middle of December. It will be important for support to hold at 1,500 but aggressive shorts could look to enter here with…
Gold prices settled at $1302.40 an ounce on Friday, rising 1.85% during the week and 13.1% over the year. The general strength in world equity markets and the Federal Reserve’s rate hikes were negatives for the safe-haven gold market. However, weakness in the U.S. dollar lent support to the precious metal. Gold is usually inversely…
