Trend Letter Updates
Headlines – April 3/18
China to respond to new US duties with ‘same scale, intensity’. Read story US dollar shrugs off US-China trade tensions; Euro gives up gains. Read story Tesla misses Model 3 target of 2,500 vehicles a week. Read story Musk takes over production of Tesla’s Model 3. Read story Silicon Valley, Wall St taking notes on […]
S&P 500 re-testing key support
Last week we warned to keep a close eye on the 200-DMA because it is an important technical indicator. In bull markets, stocks tend to spend most of their time above the 200-DMA, while during bear markets, they spend most of their time below this line. Stocks seldom stray too far from this line in either direction, and when they do, the […]
Headlines – April 2/18
China hammers US goods with tariffs as ‘sparks’ of trade war fly. Read story Tesla bankrupt? Elon Musk cracks jokes after worst month in 7 years. Read story Apple, Nike, and 18 other US companies have $150 billion at stake in China trade war. Read story Sachs, Lord & Taylor breach: Data stolen on 5 […]
Headlines – March 29/18
Treasury yields extend slide ahead of jobless claims, inflation data. Read story US jobless claims drop to lowest level since January 1973. Read story The robots are killing Tesla. Read story Canadian GDP expectantly falls in January as housing chill sets in. Read story Trump attacks Amazon for paying ‘little or no taxes.’ Read story […]
Headlines – March 28/18
Kim Jong Un’s secret trip to China was full of gourmet food, wine, and music – take a look inside the lavish visit. Read story China says Kim Jong Un has pledged to denuclearize Korea. Read story Gold heads for back-to-back losses as dollar, stocks point higher. Read story Higher Mexican auto wages the centrepiece […]
Stock market approaching key support level
In early February the S&P 500 tested its 150-DMA (black circle red line) and then rallied off that support level. Last week the S&P 500 tested its 200-DMA (black circle on blue line) and bounced off that support level. Today, after Monday’s big rally, the S&P gave up much of those gains, and is again […]
Headlines – March 27/18
Deutsche Bank seeks new CEO as it runs out of quick fixes. Read story The Dow and S&P 500 have already doubled the number of 1% moves seen in all of 2017. Read story A practical guide to how blockchain could end corruption in South Africa. Read story The US needs to borrow $300 billion […]
Headlines – March 26/18
World stocks bounce on report of US-China trade talks. Read story Mnuchin ‘cautiously hopeful’ US can reach trade deal with China. Read story US is expelling 60 Russian diplomats in solidarity with Britain over nerve agent attack. Read story Stormy Daniels describes her alleged affair with Donald Trump. Read story Facebook scraped calls, text message […]
Big down day as stocks lose another 2%
Let’s look at the volatility in the equity markets. The following chart shows the VIX Volatility Index. With the VIX Volatility Index a reading of under 20 indicates that investors are ‘complacent’, meaning a ‘risk-on’ sentiment, while a reading over 30 indicates investors are ‘fearful’ with a ‘risk-off’ sentiment. In the last couple of days the VIX has jumped […]
Headlines – March 23/18
Trump threatens to ‘VETO’ massive $1.3 trillion spending bill, which would push government into shutdown. Read story French hostage crisis: ‘Two dead’ in Trebes supermarket. Read story Gold rallies as investors seek shelter from global trade tensions. Read story Asian shares tumble on trade war fears. Read story EU complains of Trump’s ‘gun to our […]
Market update – Trade war reality
Trade war fears became reality as Trump did the expected and placed up to $60 billion in tariffs directed at China imports. China responded, saying “if a trade war were initiated by the US“, which is exactly what Trump did, “China would fight to the end to defend its own legitimate interests with all necessary measures.” […]
Headlines – March 22/18
10-year Treasury yield drops most in 6 months as investors rush to bonds for safety. Read story US congress announces massive $1.3 trillion plan to avoid government shutdown. Read story Mark Zuckerberg had 15 minutes to respond to privacy crisis – he took four days. Read story US added 700,000 new millionaires in 2017. Read […]
Headlines – March 21/18
Texas bombing suspect blows himself up as police close in. Read story Facebook sued by investors over voter-profile harvesting. Read story WhatsApp co-founder who made billions form Facebook now says to delete it. Read story $CAN, Peso surge on report US drops contentious auto demand in NAFTA talks. Read story Mnuchin says US ‘not afraid’ […]
Headlines – March 20/18
Gold flirts with new low for 2018 ahead of Fed meeting. Read story How Facebook made its Cambridge Analytica data crisis even worse. Read story CEO of Cambridge Analytica secretly filmed offering to entrap politicians with bribes and sex workers. Read story Californians fed up with housing costs and taxes are fleeing state in big […]
Headlines – March 19/18
Facebook shares down 4% after enormous data breach. Read story “We want to listen to you.” Austin Tex hit with fourth explosion as police make appeal to bomber. Read story Mueller looking to nail Trump on obstruction, attacks on FBI. Read story The UK and EU agree on terms for Brexit transition. Read story Putin […]
Headlines – March 15/18
Damn the torpedoes – what could take the S&P 500 to 3,000. Read story Trump may fire AG Sessions, potentially jeopardizing Mueller’s Russia probe. Read story Senate votes to roll back Dodd-Frank banking law. Read story Indonesia makes criticising politicians a crime. Read story Stephen Hawking’s latest Reddit post is going viral over its ominous […]
Headlines – March 14/18
Russian spy: UK expels 23 Russian diplomats, freezes Russian assets, suspends high-level contacts. Read story Russia warns Britain ‘should not threaten a nuclear power.’ Read story Visionary physicist Stephen Hawking dies at 76. Read story Pennsylvania House race still too close to call. Read story New Jersey budget would raise taxes on almost everything. Read […]
Headlines – March 13/18
Trump fires Tillerson after clashes, replaces him with CIA Chief Pompeo. Read story Trump considers making media personality Larry Kudlow top economic advisor. Read story Trump blocks Broadcom take over of Qualcomm on security grounds. Read story Russian spy: Russia demands nerve agent sample from UK. Read story Trump’s personal assistant McEntee fired for unspecified […]
Headlines – March 12/18
Altered documents turn up heat on Japanese leader Abe, in cronyism scandal. Read story White House backs arming teachers but not raising age limit for gun buyers. Read story Mueller may delay decision on obstruction. Read story Elon Musk: SpaceX and Tesla alive ‘by the skin of their teeth.’ Read story Schwarzenegger to sue big […]
Headlines – March 9/18
US adds 313,000 jobs in February, but wage gains cool. Read story Canada loses 39,300 full-time jobs, generates 54,700 part-time jobs. Read story Trump accepts offer to meet Kim Jong-un. Read story Trump’s meeting with Kim Jong-un is another pledge to do what no body else can. Read story Oil up after sell-offs amid optimism […]
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