There is a relationship between the USD and the stock market. Below is a pretty long chart of the S&P 500 (red line) vs the USD (black line). It goes back to 1990. I’d like to note that the USD index displayed is that of the USD against a world basket of currencies. This is Read More
Follow the hedgers
Just a quick blog today given my hectic schedule this week. The good news is that I’m going to get right to the point. No waxing eloquent on today’s blog! Here goes: I was interested in viewing what hedgers were doing around a few of the primary commodities trades. Commercial hedgers are considered “smart money”. Read More
Ask me anything: Answers
Thanks to those who posted questions for this “Ask me anything” blog. I’ve chosen a few of them that I thought would be of interest to the widest number of readers. Let’s get started. How to buy stocks One reader asked me to write a blog on how we at ValueTrend buy stocks – Read More
Loonie flies south again
Canadian loon’s wisely leave my cottage every year around this time of the year to fly south. If I could hitch a ride, I would. The Canadian loonie looks like it has begun its trip south, too. After flying south to below $0.70 in early 2017, the loonie had risen back to $0.83 on hopes Read More
The three-bar rule applied to the oil trade
I noted on November 6th that the price of oil was moving through $56. I suggested that oil would be a good trade if, and ONLY IF it remained above $56. Note that the breakout point is actually $55 on this chart, but $56 remains a more comfortable barrier over that prior wall of resistance. Read More
How I view the TSX and oil trades
I mentioned on this blog in September that, despite the possibility of the TSX reaching its old highs – I didn’t think those highs would be breached. The TSX high of just under 16,000 had not been cracked -in fact its been relatively flat since 1999…coming up on 2 decades! I felt that rising Read More
TSX spikes out of downtrend. Is this a trend change?
Below is the chart of the TSX with its recent move through the downtrend. Technically, I like a minimum of 3 days—and even better, 3 weeks for a breakout from a consolidation (bottoming pattern) or a downtrend. Further, I like to see the last high AND the last low taken out to prove that breakout Read More
Where will gold go from here?
Above is a chart of gold that I’ve kept on my screens for a while. The triangle breakout that I noted to wait for on this blog occurred in August. It’s now hit its first level of resistance that I had noted on that blog via the dashed green line. As mentioned on that Read More
How much upside is left for the loonie?
Here is a chart of the loonie that I’ve been tracking for some time. You will notice the big trend has been down since 2011. It looks to have been broken. However, there is massive resistance at just under $0.84. I noted this in a blog quite some time ago and suggested a target of Read More
Ask me Anything Answers
Here are the questions, and my responses for last weeks “Ask me Anything” prompter. Natural gas and oil are flat yet stocks are down – why? I had a couple of questions come in regarding the disconnect between nat gas pricing and the producers, and the disconnect between oil prices and the producers. The Read More