Wednesday, July 04, 2018
Back to Resistance for Bitcoin and Ethereum / Currencies / Bitcoin
By: Submissions
By Ryan Wilday: In last week’s article, my charts showed that I expected a corrective rally into the zones we are now pushing against. As always, I marked key resistance with a box and price has entered those areas. These zones are $6724-$7045 in bitcoin (BTC-USD) and $461-$489 in ethereum (ETH-USD).
Because I don’t view the downside trend as complete, nor do we have price through resistance in, my primary remains that that we’ll see further downside. But any thesis regarding market direction must be held loosely. Instead this is an opportunity for me to observe how the market reacts.
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Wednesday, July 04, 2018
Bearish Sentiment Can Only Take Gold so Far / Commodities / Gold and Silver 2018
By: Jordan_Roy_Byrne
Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels. The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally.
While the combination of the net speculative position (CoT) and daily sentiment index (DSI) was near its lowest point at the end of 2015, Gold enjoyed its best gains then because its fundamentals turned and remained bullish. Real interest rates declined as the Fed, after its December 2015 hike, did not hike for another 12 months despite a pickup in inflation.
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Wednesday, July 04, 2018
GBP/USD – Time to Jump in with Both Feet? / Currencies / British Pound
By: Nadia_Simmons
On Friday, the British pound showed strength against the greenback, which resulted in an invalidation of the breakdown under the long-term support line. The closure of the week above this important line emphasized the advantage of currency bulls over their rivals. What a pity that they rested on their laurels.Why? Because yesterday’s session erased most of the earlier rebound. This bucket of cold water, however, awakened the buyers who returned to the game for higher levels. What must they do to make GBP/USD grow above 1.3000?
Wednesday, July 04, 2018
Apps as an Alternative to Hiring / Companies / SME
By: Boris_Dzhingarov
To grow, a company needs to hire, or so goes the conventional thinking. There is a lot of truth in the statement, but automation can reduce the number of new hires a young business needs to take on.
No business can grow while it is limited to the ten productive hours a day that its founder can put in. All founders must find ways to leverage their input. Traditionally this has meant hiring employees and using the extra eight hours a day that each one provides.
Wednesday, July 04, 2018
Stock Index Support Zones In Play For Bigger Upside Move / Stock-Markets / Stock Index Trading
By: Chris_Vermeulen
As we start the July 4th trading week, it is time to look at the current market setup for signs of future strength or weakness. Yes, there is a lot of outside economic and geopolitical factors at play right now that could cause some major market moves, yet we continue to believe the US equities markets are setting up for another upside move after retesting support and shaking out some trades.
Recently, there has been quite a bit of chatter about foreign and US debt levels as well as credit cycle events that many industry leaders are concerned with. Overall, yes, we have to be cautious of a pricing level revaluation as a result of the credit cycles that are changing.
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Tuesday, July 03, 2018
Bitcoin Tension Ramps up / Currencies / Bitcoin
By: Mike_McAra
The recent couple of days have turned the short-term outlook on its ear for some traders. The last couple of months have seemed like sooth sailing, not something that could be said about the Bitcoin market too many times in the past. Now, we get a different reading and some might say that the tide has turned. But you need to go deeper than that.
Bitcoin has gone up and the bulls are euphoric. This is a marked change from the recent weeks when there was little to nothing for Bitcoin aficionados to cheer to. The main question, however, remains: “Has anything changed?” With the recent appreciation, we could also ask: “Does this action change anything?” Is there anything that could drive the profits on our hypothetical speculative positions?
Tuesday, July 03, 2018
Gold Price Probable Short-term Bounce / Commodities / Gold and Silver 2018
By: Troy_Bombardia
Gold and silver have been getting crushed recently along with emerging market stocks.
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Tuesday, July 03, 2018
What Does the Loonie Have to Do with Gold? / Commodities / Gold and Silver 2018
By: The_Gold_Report
Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices.
Our proprietary cycle indicator is down.
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Tuesday, July 03, 2018
Trump Racks Up More Wins – The Rising Deficit Isn’t One of Them / Politics / US Debt
By: MoneyMetals
President Trump is winning on a number of fronts, and American conservatives are feeling better about their prospects than they have for a very long time.
Trump supporters are cheering an imminent shift in the balance at the Supreme Court. The President is expected to nominate a justice who respects the constitution to replace the retiring Anthony Kennedy. This legacy promises to endure for decades.
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Tuesday, July 03, 2018
Is this the Most Hawkish Fed Ever? / Interest-Rates / US Interest Rates
By: Michael_Pento
My research shows that this is one of the most hawkish Fed rate-hiking regimes ever. It has raised rates seven times during this current cycle and is on pace to raise the Fed Funds Rate(FFR) four times this year and three times in 2019.But what makes its monetary policy extraordinarily restrictive is that for the first time in history the Fed is also selling $40 billion per month of Mortgage Backed Securities (MBS) and Treasuries starting in Q3 and $600 billion per year come October. Because the Fed is destroying money at a record pace while the rest of the world’s major central banks are still engaged in money printing (QE) and zero interest rate policies (ZIRP), Jerome Powell’s trenchant and unilateral tightening policy is now causing chaos in emerging markets.
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Tuesday, July 03, 2018
Stock Market Temporary Bottom Set-Up Needs Follow Through / Stock-Markets / Stock Markets 2018
By: Submissions
By Ricky Wen : The last week of June was quite weak as the stock market continued the downward momentum from the 3rd week by grinding down into the major weekly trending support zone around 2700-2720 on the Emini S&P 500 (ES) for the backtest.
After Monday's steep sell-off, the rest of the week was mostly consolidation within Monday’s range. The main takeaway from the week was that the market made a temporary bottom setup with the nominal lower low at around 2693 on the ES and back into the 2740 area resistance. It is now waiting for some follow through this week, or invalidation if that was not the low.
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Tuesday, July 03, 2018
Crude Oil – Precious Metals Link and Its Implications / Commodities / Crude Oil
By: Nadia_Simmons
In recent days, oil bulls have accustomed us to fresh peaks. However, when we look more closely at the volume, their actions lose some of the glow. When we add the picture, which emerges from the relationship between crude oil and precious metals, doubts about the strength of the rally are getting even bigger. Is it possible that this interesting link tells us more about the future of black gold?
Tuesday, July 03, 2018
Silver Bull Market Is Almost Here / Commodities / Gold and Silver 2018
By: Hubert_Moolman
Silver is running out of time and space (on the chart) to decide where it will go over the next months and years. The similarity of conditions to the early 80s suggests that silver could go into a multi-year bear market or continue its bull market:
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Monday, July 02, 2018
Stock Market Negative Expectations, but.. / Stock-Markets / Stock Markets 2018
By: Paul_Rejczak
Stocks failed to continue their short-term rebound on Friday and they closed virtually flat. The S&P 500 index extended its short-term consolidation, as it remained above the level of 2,700 on the last trading day of the month and the quarter. But was it a bottoming pattern or just some flat correction before another leg lower? There are still two possible medium-term scenarios.
The U.S. stock market indexes gained 0.1-0.2% on Friday, as the investors hesitated following Thursday's rebound off support level. The S&P 500 index extended its week-long consolidation. It currently trades 5.3% below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average gained 0.2% and the technology Nasdaq Composite gained 0.1% on the last trading day of the month and the quarter.
Monday, July 02, 2018
England's Lucky Path to Football World Cup Final at Russia 2018 / Politics / Spread Betting
By: N_Walayat
My following video illustrates why England could be set to reach the Football World Cup Finals in Russia, all curtesy of lady luck that has presented England witht he easiest path to football victory in 50 years! The betting markets have also acknowledged this good fortune with odds greatly tightening, currently putting England at 11/10 against Colombia whilst England are at 7 to 1 to win the World Cup (oddschecker), more in my following video:
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Monday, July 02, 2018
Powerful Tips for Successful Gambling that Work / Personal_Finance / Gambling
By: Steve_Marks
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Monday, July 02, 2018
Stock Market Bucks “Sell in May and Go Away”. A Bullish Sign / Stock-Markets / Stock Markets 2018
By: Troy_Bombardia
As you probably already know, the stock market’s seasonality is bearish from May – September. That’s where the phrase “Sell in May and go Away” comes from.
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Monday, July 02, 2018
Gold Moving Toward a Reset / Commodities / Gold and Silver 2018
By: The_Gold_Report
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss the fundamentals behind gold and the markets. Gold is the ultimate safe haven, for two simple reasons. First, its total aboveground supply only grows 1.4% per year, no matter what anyone does (and even this rate of increase is starting to fall as production levels have peaked). Second, gold is final settlement for the payment of obligations; it is universally accepted as itself, in physical form, not needing to be translated into someone else's currency.
In the current financial asset mania, with confidence in markets and central banks very high, markets are not much interested in safe havens and gold has been languishing. When investors become more risk averse, gold will go on its next big run. Current sentiment and market positioning correspond to what is typically a price low historically.
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Monday, July 02, 2018
Mexico’s Historical Election and Obrador’s Triumph / Politics / Mexico
By: Dan_Steinbock
For decades, the specter of Andrés Manuel López Obrador has haunted Mexico’s ruling elites. After July 1, his coalition triumph - after years of contested elections - could change the country’s domestic, regional, even international policies.For a year or two, international media touted the neoliberal reforms of President Enrique Peña Nieto. However, as the “reform” narrative has proved hollow, Nieto’s approval rating has plunged from almost 50 percent to barely 10 percent. So the media narrative has been revised it by downplaying Nieto but focusing on the flawed portrayal of Obrador as Mexico’s Chávez who will undermine Mexico’s future.
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Monday, July 02, 2018
CRB Commodity Index Chart Analysis Trend Forecast / Commodities / CRB Index
By: Austin_Galt
Pattern – price has been in a downtrend since the 2011 high and the current price action looks corrective in nature. An ABC correction looks to be playing out with price still to put in a wave C high.
Bollinger Bands – price is back at the middle band and I am looking for support to kick in here.