Have a great day
I will eventually start posting weekly videos with the outlook on my 5 favorite trading instruments on which I place around 90% of the deals. These include: SPX, Gold, Crude Oil, EURUSD pair and the Emerging markets via USDRUB. If you like what you see, please fell free to hit the Like bottom and leave your comments. Disclaimer: By viewing this video you...
Have a great day all
Have a great day all
EEM has fully broken out of flag formation and of the next months will rise completing the 5th wave!!!
Have a great day all!
Boeing has peaked for now on the news that 20% production will be cut.
LYFT threaten to sue JPM over short-selling, yes, a company that loses money and sold for $25bn!
Data out this month show slowing business activity & new orders relative to the prior month, compounded with an unexpected slowdown in wage growth, forecasting a pullback from here with a complete patterns is logic.
Date released on the 1st show South Africa to be contracting at a faster pace (worsening), express caution!
Análisis del índice EEM (Emergentes) y EWZ (Brasil).
We have rallied a long way since the lows, markets are not linear and the price will have to digest the move. What will likely drive the markets higher is earning, a contrarian but realistic outcome when you consider that wage growth is outperforming inflation by almost 3%. This, of course, would likely lead to a price rally while earnings multiples are falling!
The ECB made a clear statement that the economy is in the depths of despair (not really) and a new round of QE is necessary.
The pullback has arrived, hedge/reduce exposure accordingly and wait patiently for signs the drop has run its course.
The trend remains higher, however, its not going to be linear. Expect a pullback soon to occur for a buying opportunity around the 61.8% fib
My view of the North Korea summit failure and the path forward for equities.
Last July I put out a video suggesting that Brazil was a great opportunity to allocate capital (linked below). At the time the business cycle had turned from contraction to expansion and from a technical standpoint, we were sitting on support. Today, +48.6% higher the risk is rising, the cycle is still relatively strong but our technicals are suggesting we...