Entries by The Trend Letter

Can government really shut down crypto currencies?

Crypto Currencies (CC’s) are making inroads into the daily lives of more and more people every week.  While China has taken a contrarian stance, trying to curtail Crypto Coin marketplaces, most other countries are finding ways to embrace this market or at least consider positive ways to deal with it.  Clearly, most governments around the […]

Headlines – February 16/18

Stocks flirt with 6-day rally; Nasdaq set for best week since 2011. Read story Oil output cuts and electric car influx could hit Russia economy: central bank. Read story Ninth grader arrested after threatening “Round 2 of Florida.” Read story US rejects China-led bid for Chicago Stock Exchange. Read story Bitcoin retesting the $10,000 level […]

Headlines – February 15/18

17 killed in mass shooting at Florida high school. Read story Football coach ‘died a hero’ shielding students from gunman. Read story Wall St opens higher as inflation fears ebb. Read story Brace for another nose-dive for stocks – and welcome it. Read story Billionaire Charlie Munger says ‘bitcoin is noxious poison.’ Read story The […]

Headlines – February 14/18

Wall St reverses course to trade higher. Read story Consumer prices jump more than forecast, sparking inflation fears. Read story OPEC will be forced to play ‘second fiddle’ to the US in 2018. Read story More fund managers now see danger ahead for the economy than at any time in the last decade. Read story […]

Key short-term targets for the S&P 500

In the latest issue of The Trend Letter, we identified the following Key Target areas for the S&P 500. On a timing basis, this next week, starting today, should see the next short-term trend. The futures pointed to a lower opening, which fits our model’s forecast for slide over the next week. Here are the […]

February 13/18

Dow opens 160 points lower, as stock market threatens to halt 2-day climb. Read story ‘Risks of recession’ are rising, says head of world’s largest hedge fund. Read story Kim Jong-un hails ‘warmth’ with South, calls for further reconciliation. Read story VIX manipulation costs investors billions, whistle-blower says. Read story Virtually no one is reporting […]

Headlines – February 12/18

Stocks rebound globally crude oil snaps sell-off. Read story White House to roll out Trump infrastructure plan. Read story Oil bears in control, but expect a bounce. Read story Bitcoin inches closer to $9,000, with cryptos higher across the board. Read story Investors brace for more swings as US inflation specter rises. Read story Pence […]

Headlines – February 9/18

US stock benchmarks surge at open. Read story Euro set for worst week since 2006 as dollar extends rally. Read story Trump signs spending bill, ending short shutdown. Read story Nearly one-third of S&P 500 stocks are in a bear market. Read story Oil slides toward weekly loss on excess supply worries. Read story Turkey […]

Visa says you can buy almost anything, except crypto currencies

The news this week is that several banks in the USA and the UK have banned the use of credit cards to purchase crypto currencies (CC’s).  The stated reasons are impossible to believe – like trying to curtail money laundering, gambling, and protecting the retail investor from excessive risk.  Interestingly, the banks will allow debit […]