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 […]
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 […]
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 […]
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 […]
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 […]
Emotion is most investors worst enemy, as herd following is too powerful for most to avoid. It is the reason that retail investors buy most at the top, and least at the bottom in a market cycle. It is a basic swing between fear and greed. As the markets continued to rise, we saw investor sentiment quickly […]
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 […]
Wall St falls as investors remain on edge. Read story Bulls vs bears: taking sides on the stock market. Read story Broader cryptocurrency ahead? Depends where you are. Read story 32% of Canadians nearing retirement with no savings: Poll. Reads story If you’re freaking out about the stock market, remember why you invested in the […]
More stock market turbulence. Read story Forget the stock market roller-coaster, the sell-off in bonds is what matters. Read story Cryptocurrency price surge: Bitcoin, Ripple and Ethereum all rising as markets recover. Read story XIV trader: ‘I’ve lost $4 million, 3 years of work and other people’s money. Read story Icahn: The market will one […]
After an historical 1,175 tumble on Monday, the Dow rebounded today, closing 567.02 points higher. It wasn’t pretty as at its session low the Dow was down by 567.01 points. From the session low to session high, we saw a range of 1,167.49. The Dow ended the day up 2.33% The S&P 500 was a similar story, trading […]