CRUDE OIL: The commodity turned higher off its intra day low on Thursday leaving risk of more strength on the cards. On the downside, support resides at the 64.50 level where a break will expose the 64.00 level. A cut through here will set the stage for a run at the 63.50 level. Further down,…
Investors love to talk in percentages. The Dow is up 25% this year, up 200% this decade. This stock is a ten bagger. Blah, blah, blah. Traders — if they want to be successful — should disabuse themselves of that notion as soon as possible and talk in terms of points instead. Investing is the…
Despite a brief bounce overnight, cryptos are sliding once again with Bitcoin below $7,000; Ethereum below $400; and Ripple back below 50c. “It’s a sea of red,” said one seasoned crypto-trader, adding after a stoic pause, “again!” Bitcoin is back below $7,000… Heading towards its early Feb lows… As CoinTelegraph notes, the overall market slump could be attribued…
Greg Ip gave us another rendition of this old scare story in a Wall Street Journal column. The argument is that the interest paid on U.S. government debt will soon impose an enormous burden on the federal government, choking off spending on important government programs. The key part of this story is that interest rates will…
Week 12 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages growth rate declined. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis…
Factor Momentum Robert D. Arnott (Research Affiliates), et al. January 31, 2018Past industry returns predict the cross section of industry returns, and this predictability is at its strongest at the one-month horizon (Moskowitz and Grinblatt 1999). We show that the cross section of factor returns shares this property, and that industry momentum stems from factor…
WTI Crude Oil The WTI Crude Oil market had a choppy session on Thursday, going back and forth during the day, essentially doing nothing. The market is trying to stabilize a bit, but I think that we have a couple of noisy days ahead of us. There seems to be more of an upward pressure…
USD/CAD failed to break above 1.2948 resistance and stays in a trading range between 1.2814 and 1.2948. Another rise to test 1.2948 resistance is possible, a breakout of this level could bring price to 1.3000, followed by 1.3124. Support is at 1.2803, only a breakdown below this level could trigger another fall towards 1.2650.
from the International Monetary Fund — this post authored by Tao Zhang Government debt in some of the world’s poorest countries is rising to risky levels, a new IMF report shows. The report looks at economic developments and prospects among the world’s low-income countries, which account for a fifth of the world’s population but only four percent of…
Tuesday’s sell-off did much to rattle the confidence of bulls; Thursday’s attempt to bid markets back to Tuesday’s highs lacked confidence as demonstrated by the relative gain and the lighter volume. Friday is an opportunity to give markets a little boost heading into the Easter weekend.Futures suggest a positive open so it will be a…
