Price is facing bullish pressure where we could see a further bounce above this level.
Extreme trader sentiment points to possible AUDJPY downtrend
The Trend Follower Strategy has just sold AUDJPY at 75.991. The system recommends entering this trade at any price between 75.799 and 76.183. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.526. This suggests that the AUDJPY could be trending downwards.The 14-period...
The DoorDash IPO Is Doomed … but You Can Profit From It
We were discussing “tech” companies like Grubhub Inc. (NYSE: GRUB) and Uber Eats … and their attempts to build a business model out of hooking up restaurants and households too lazy or busy to cook.
2 Growth ETFs + 1,188% on ONE Stock
I have three huge opportunities: VIDEO The Dow and SP 500 Companies Are Old and Outdated I’m going to tell you about a problem going on with the way the markets are reported on that many folks are going to be unaware of.
Use the yield curve to better understand the market
As well as being an indicator of recessions, the yield curve can have a direct impact on the stock market. In this article, we look at what the yield curve is and how you can use it to better understand market dynamics, including why the majority of the market is...
FX Update: FX themes are muted and based on distant hopes
The market is positioning hopefully for a rapid roll-out of an effective vaccine, figuring that this will trigger a global reflationary boom, and figuring that a weakening US dollar will be a key contributor as a gridlocked US political system leaves only a very dovish Fed as the key actor...
Energy is riding the rotation wave, Sea Ltd raises FY20 outlook
Energy is one of the best performing sectors in equities since the news of better than expected Covid-19 vaccines from Pfizer and Moderna which have created a rotation out of growth and momentum, and into value and procyclical sectors. We are also taking a look at Sea Ltd which has...
E-commerce bonds: a relative value analysis
E-commerce bonds offer in average lean leverage and healthy credit ratios. While the average yield across maturities in euro is near zero, in US dollar it's around 1.7% with some companies offering yields well above 3%. We find that corporates with exposure to the hospitality sector offer the highest risk...
COT: Cross-market reaction to virus news
Positions and changes made by hedge funds across commodities and forex futures during the week to November 10, the day after the Pfizer/BioNTech vaccine news had reached the market. Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For...
Podcast: Momentum versus value whiplash deepens.
Today we look at the remarkable divergence between momentum stocks and value, with further notable divergence yesterday on the news touting the success of the Moderna vaccine trial. Also a look at whether the momentum trade will eventually end in tears, Tesla's inclusion in the S&P 500, platinum, gold, oil...