Goldman Sachs recently reiterated their previously correctly predicted call for a lower USD vs. the basket of world currencies. Reasons for the bearish outlook came down to two main factors: Goldman sees a “Robust case for improving European growth in coming quarters and stimulus from China.” Goldman says “US rates are high compared with a trade-weighted Read More
Bearish signs?
Back in the late 1990’s, I wrote my final exam for my CMT designation. One of the questions on that exam had a chart of the DJIA with relevant volume, candlestick bars, etc. The exam asked for the student (me) to provide an analysis on the DJIA with some potential projections. It’s funny when I Read More
Contrarian trading ideas
ValueTrend introduced a new Equity Platform called “VTAGS”- ValueTrend Aggressive Growth Strategy. This strategy is a higher risk/ higher return model. We are buying stocks, sectors, commodities, currencies and even country indices off of a few different investment strategies. These include looking for capitulation bottoms and turnarounds, trading ranges and even buying fundamental deep-value opportunities Read More
Risk-off suggests continued market swings
Back in November, I noted that the USD can offer hints for a potential reversal on the S&P 500. I noted that when you see a divergence in trend between the two (USD vs SPX), it can signal a change–either up or down, depending on the divergence. When I wrote the blog in November, the Read More
North American markets may not be the best bet going forward
Here’s a question worth pondering: What if the great runaway NA bull market that has lasted over a decade is slowing down? I’m not asking if the US and Canadian markets are entering into a bear market. What I am asking is this – Are NA markets about to slowdown in growth and stock market Read More
China – end-game, or just a correction?
China is in the news today. Once again, President Trump is tweeting away – calling the trade deal precarious. I know that I will become instantly unpopular for saying this – but I actually admire Trump’s negotiating tactics and business savvy. As such, I do believe that he had done more good for America (non-economic Read More
Bear-o-meter drops considerably
Here is the link for my BNN MarketCall show last night. Roughly every month, I try to post the results of a compilation of financial indicators that measure the current risk/reward picture for US markets. Long-time readers are familiar with this compilation, which I call the “Bear-o-meter”. For those new to my blog: The Bear-o-meter Read More
Canadian REIT’S : An opportunity?
There’s an adage within Technical Analysis circles that suggests we should pay particular attention to long base breakouts. The saying goes something like this: “The greater the base, the better the case”. Right now, Canadian REIT’s are breaking out from a very long resistance point of around $18/share. In fact, the sector has been stuck Read More
Outlook for oil
The seasonal period for oil typically starts in January and ends in early May. This year, that pattern certainly did play out. Today, I note that crude oil futures are up over 2% ahead of the sanctions on Iranian oil imports being reinstated. So, is this the sign that we should ignore the seasonal pattern Read More
Got gas?
Somebody asked me about my Nat gas play recently – given that I had it pegged as a winner in one of my Top Picks on BNN back in March. Nat. gas has been pretty flat this winter. We bought a position in the Natural Gas ETF (UNG-US) at the bottom of its trading range Read More