$XAU, $GLD, $USD Gold (XAU) tried to rally last week but rolled over to form up a shooting star pattern. That said, prudence says, “take extreme caution when it comes to this market”, as we have seen a couple of shooting stars. It can well be negative signal, and almost always means that the price […]
$XAU, $GLD, $USD FLASH: There has been a dramatic change in the sentiment of Gold Bugs Bold prices have risen this month, passing $1,400 oz for the 1st time since Y 2013. There have been good reasons to be Bullish the precious Yellow metal. Everything from Dovish central banks, technical indicators, negative-yielding bonds are all working […]
$GLD Last week’s action saw gold forming its peak for the week in last Monday’s session, here doing so with the tag of the 1256.60 figure (February, 2019 contract). From there, a gentle correction was seen into late-week, with that decline coming as the result of a smaller 10-Day component – though with the upward […]
Savvy Investors Are Buying Blockchain Technology Stocks $IBM, $GBTC, $BR The technology known as blockchain is what the cryptocurrency market is built on. However, that is not its only function, it is also being used to change nearly every industry that deals with transactions and ledgers. Yes, there is Key connection between blockchain and cryptocurrencies, […]
INFINITI is partnering with Motor Trend Group to bring the inaugural Japanese Automotive Invitational to this year’s Pebble Beach Automotive Week on August 25 and 26. This new event aims to bring even more diversity to the premier celebration of classic, vintage automobiles and demonstrate the prowess Japan brings to the industry. The 2-day Japanese […]
Throughout this newsletter, you’ll find the various ways to follow along with us throughout Pebble Beach Automotive Week. If you will be with us in person, these links will guide you to pre- and post-show coverage. If you can’t make it this year, we hope that these links serve as useful resources to help you […]
Blockchain Getting the Attention, Bears Feasting on Cryptos $BTCUSD Savvy voices in the nascent industry are calling for a balanced approach regarding regulations which will let the technology to thrive and innovate. Blockchain continues to get a growing amount of attention from businesses and investors, and the fundamental tool of cryptocurrencies is an important element of […]
A 10% Pullback in the Market = Healthy Buying Opportunity $DIA, $SPY, $QQQ Savvy investors are and have been expecting a dip in this long Bull Market and be prepared to buy more shares if stocks pull back 8 to 12%. “Stocks, for the long run, are a great bet in America, a great bet […]
Sell in May, Go Away, Fact or Fiction $SPY With April in the scrapbook, we have entered into the seasonally weak 6-month period of the year. And the debate over the Wall Street axiom “Sell In May And Go Away,” starts again. The data […]
Rising Student Debt Hurts Housing and Consumer Spending Rising student loan debt looks to harm the overall US economy, especially home ownership and consumer spending, a top Federal Reserve official said Monday. The rising debt also might erode colleges’ and universities’ ability to elevate lower-income students. New York Fed President William Dudley cited research from […]
Plan Your Work, Work Your Plan: Trading a Strategy On some of the technical aspects of trading equities and other financial issues. Entry/Exit points for a trade is perhaps the most critical side of trading financial issues, it separates the winning trader from a losing one over the long haul. The Big Q: How is […]
Apple Inc.(NASDAQ:AAPL) Trending Above Average Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 121.43. The projected lower bound is: 113.76. The projected closing price is: 117.60. Candlesticks A black body occurred […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Monday, the major US major stock indexes finished at: DJIA +88.55 at 18329.04, NAS Comp +36.27 at 5328.67, S&P 500 +9.92 at 2163.66 Volume: Trade was light on Columbus Day with about 666-M/shares exchanged on the NYSE Russell 2000 +10.1% YTD NAS Comp +6.4% YTD S&P 500 +5.9% […]
Procter & Gamble (NYSE:PG) Bulls Push this Stock Higher Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 85.46. The projected upper bound is: 91.12. The projected lower bound is: 86.72. The projected closing price is: 88.92. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This is a Big data week, starting with the ISM Monday, Factory Orders Wednesday, and the September NFPs, employment report Friday. The day to day Wall Street volatility continues with the NYSE indexes struggling in Bearish patterns while SOX, NAS Comp and RUTX holding. The […]
BHP Billiton (ADR) (NYSE:BHP) Bullish Trend Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 29.56. The projected upper bound is: 34.98. The projected lower bound is: […]
China South City Holdings (HKG:1668) Prices to Stabilize in the Short Term Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 1.60. The projected upper bound is: […]
Bank of America (NYSE:BAC) Trending Upwards Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 14.32. The projected upper bound is: 16.06. The projected lower bound is: […]
Technical Outlook for Gold (Weekly) $USO COMEX Gold (GC) Gold’s consolidative trading continued and outlook is unchanged in here. At this point, further rise cannot be ruled out as long as the support at 1308.2 is intact. The/an extension could top around long term Fibo mark at 1380.98. A clear break of the Key support […]
The S&P 500 (SPX) Chart Analysis (Daily) $SPX Unitl Thursday, the consolidation pattern remained inside of the uptrend channel from Y 1992, but then it started to trade outside of the lower channel line (dashed line). Friday made a new high, a new trend line has been drawn. If this is a break-out, there should […]
Technical Outlook for COMEX Gold (Weekly) COMEX Gold (GC) Gold’s consolidation trading continued but recovered ahead of 1308.2 the Key support. At this point, a move higher cannot be ruled out with 1308.2 support intact. Be cautious on topping around long term Fibo mark at 1380.98. Break of support at 1308.2 will be the 1st […]
Gold Strong on US Fed Uncertainty and BOJ’s Stimulation $GLD, $SLV After Wednesday’s FOMC statement Gold fell on mildly Hawkish notes of the statement. Then, as the markets digested the Fed’s characteristically non-committal comments that gave no indication as to the potential timing of a future rate hike, the precious Yellow metal surged on the […]
Fed’s Economic Downgrade Helps Donald Trump, Hurts Hillary Clinton The FOMC did not (could not) raise interest rates, but it signaled a new turn for the US economy, South. Wednesday, the US Fed downgraded its economic outlook for the rest of this year, which will impact the Presidential election if the forecast is right. In […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI The US major stock market indexes finished the day mixed and close to their opening marks of the session. The DJIA + 0.10% at 17,938.28, the S&P 500 2 pts higher, at 2,112.13, and the NAS com lost roughly 7 pts, to close at 4,961.75. The energy […]
Offshore Buyers Drive Canadian Home Prices Higher or Are They With house prices up by double digits in Canada’s Toronto and Vancouver areas, offshore buyers, mainly from China, have fueled public concerns over whether they are inching the Canadians’ home-ownership dream further out of reach. These concerns have been dismissed by local economists, who say […]
Parents’ Basement, the Dwelling of Choice for Millennials In Y 2014, Americans 18 to 34 anni were a little bit likelier to be living in their parents’ home than with a spouse or partner in their own household, according to a Pew Research Center analysis of US Census Bureau data, released Tuesday. It is the 1st […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI Wall Street rallied strongly Monday but finished off its highs, with the DJIA + 175 pts to finished at 17,710.71, led by a 3% gainer in Crude Oil, underpinning the energy related sector. The NAS Comp advanced 1.22% to finish at 5,775.56, and the S&P 500 gained […]
Friday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI US stocks failed to sustain intra-day gains and closed flat to little changed Thursday, as the rally in Crude Oil and energy related issues lost momentum during afternoon trade. DJIA rose 9 pts, or 0.05%, to close at 17,661, the S&P 500 Index lost 0.5 pt, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This is jobs week. So, we will get to see how many new low wage jobs the US economy added and/or how many good jobs it lost. We are in the middle of earning season, and will see some smaller energy outfits and biotech results reporting this […]