Prices are facing bearish pressure from our resistance where we could see a reversal below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
Podcast: What are real yields and bubble stocks telling us? Gold finally breaks higher.
Today we look at still very notable divergences in the US equity market, as bubble stocks and other richly valued corners of the market continue to stumble even as the broader market is looking back at the record high. Also, a discussion on what bond market, Fed expectations and breakevens...
Breakout Identified in EURUSD
The Breakout Opportunities system has just bought EURUSD at 1.20796. The system recommends entering this trade at any price between 1.20648 and 1.20938. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -2.14442, suggesting that the EURUSD may have further...
GBPNZD is facing bearish pressure | 07 May 2021
Prices are facing bearish pressure from our short-term descending trendline resistance, horizontal swing high resistance as well as 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push down towards horizontal swing low support and our 2nd target can be the Fibonacci confluence area of 78.6% Fibonacci extension as...
GBPNZD is facing bearish pressure | 07 May 2021
Prices are facing bearish pressure from our short-term descending trendline resistance, horizontal swing high resistance as well as 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support and our 2nd target can be the Fibonacci confluence area of 78.6% Fibonacci extension as well...
Market Quick Take – May 7, 2021
The broader US equity market recovered its mojo yesterday, with the S&P 500 Index closing near its all-time high, while the info-tech heavy Nasdaq 100 has only partially retraced the recent deep sell-off. Risk sentiment was supported by a weak US dollar and another big drop in US weekly jobless...
EXIT: 2021 central banks’ megatrend
A slightly hawkish Bank of England is telling the Federal Reserve that it is time to taper. Strengthening economic conditions and greater inflationary pressures demand aggressive monetary policies. The Fed's "dovish for longer" message poses a threat to the market because investors believe it too blindly. The longer central banks...
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He’s used his flagship Quick Hit Profits model portfolio to make nearly four times the gains of the SP 500 over the past four years.
Bubble stocks under pressure; What is status on the EV battle?
Bubble stocks are now the worst-performing theme basket this year as investors are getting worried about inflation and higher interest rates. Volkswagen's Q1 numbers show Tesla has huge lead in EV.Yesterday, we wrote about how the green transformation theme has suddenly awoke to a new reality of investor doubts and...
FX Update: Sterling drops post-BoE. US real yields in focus.
The market was pricing a fairly hawkish Bank of England meeting today and largely got what it expected, although the knee-jerk selling of sterling in the wake of the BoE statement suggests that more was needed to justify the recent buildup of more hawkish expectations around the meeting. Elsewhere, the...