For the past couple of months, we have been highlighting how we do not have confirmation from all markets as to what direction they are heading. In particular, we want to look at the different action in the Dow Jones Industrial Average (blue chip stocks), and the Nasdaq (tech stocks). The Dow is testing its […]
The markets had a lot to contend with today. Inflation in April accelerated at its fastest pace in more than 12 years as the US economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and […]
Investors spooked as consumer prices rise 4.2% in April. Read story Pipeline shutdown, panic-buying, force 1,000+ gas stations to run out of fuel. Read story Loonie hits highest level since 2015 amid commodity strength. Read story Line 5 shutdown will disrupt Canada’s energy security, Ottawa says, as Michigan threatens Enbridge if it defies order. Read […]
There are many uses for biometric security measures, using scanners that recognize a person’s fingerprints, thumbprints, and iris, for example. Hand-held wands and full body scanners are quite commonplace in airports, and other locations where security is important for detecting and mitigating risk. Most of us accept the need for this technology, even though it […]
Bill Gates, one of the world’s richest men and most powerful philanthropists, was the target of criticism from social justice campaigners on Sunday after arguing that lifting patent protections on COVID-19 vaccine technology and sharing recipes with the world to foster a massive ramp up in manufacturing and distribution—despite a growing international call to do exactly that—is […]
Our Forecast Model has targeted the week of May 3/21 as potential high and near-term turning point for the markets, so we need to be on alert. We have been in a 12-year bull market and things are now at a point where a significant correction is not only possible, but to be expected. At […]
Gold gave up another 17.60 on Monday, as it struggles to gain any traction here. Gold has been in a downtrend channel since August and we need to see it break out of the tight trading range it has been in this month. Based on the Relative Strength Index (RSI) gold is not oversold at […]
The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in US history. Investors paid little attention to the Treasury Department posting the latest deficit numbers which showed […]
Markets continued their decline today after Federal Reserve Chairman Jerome Powell said that as the national economy begins to reopen, “we will see inflation move up through base effects. That could create some upward pressure on prices.” While the Fed is expecting some inflation, Powell said he does not expect to raise interest rates this […]
S&P 500 The S&P 500 was down 50.57 points or 1.31% today and is now testing near-term support at 3819, which is the 50-DMA (red wavy line on chart). The last two times the 50-DMA has been a strong support level, so if this level does not hold here it would be a bearish signal. […]