Some people still aren't getting it so here's an overlay of SPY (blue line) on AAPL.
I figured AAPL would be weak after the split since every Dow ETF and mutual fund had to dump 3/4 of AAPL holdings since the Dow is price weighted. More than I expected, and it can't seem to hold any gains from futures pumping.
This week I started working on my first filter algorithm. The sole purpose of the program is to filter stocks who's trading price closes below the lower Bollinger band (80 day period) in the TSX, TSXV AND CSE. We use algorithms when the inefficiency targeted is persistent. Meaning that the trading opportunities occur over and over in a similar manner. EXAMPLE -...
• US Equities Surge as the Possibility of Stimulus Increases Spurring Markets
• Energy Sector Posts Gain up More Than 16% in Tuesday’s Session
• API Data Shows Surprise Draw in Inventories for the Week
• BP States that a 20% Cut in Expenditures Could Off-Set Current Trying Times
• API Data Shows Little Affect as Crude Slides Lower After -0.421m Data Posted
• Boost in Saudi Arabian Exports Expected in Further Months
• API Posts Further Crude Supply Increase in the US for Week Past
• Australian GDP Posted Slightly Better than Expected Data for Quarter
• Markets in Asia Relatively Flat as Traders Still Hesitate about Further Releases
• API Release Shows Crude & Gasoline Build Whilst Distillate Inventories Drop
• Norwegian Gas Giant Equinor Drops Oil Exploration in South Australia
• Asian Equities Continue Trend Lower with ASX Down -2.31%
- API data shows a build for the week with Crude up +6 million barrels for the week
- NOC shows production down 85% from the month of January to 183,265 barrels per day
-WHO calls for further aggressive measures to be put in place
- Lebanon’s parliament votes showing confidence in new government
In today’s marketinsights I talk about how the latest trade war and API developments affected the prices on gold and oil.
Watch as I identify certain #elliottwave patterns that can’t go unmissed ahead of today’s FOMC minutes and EIA’s WTI report!
XAUUSD is still expected to turn lower after the completion of this subminute correction, whereas US Oil, could...
In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse.
With the market's appetite shifting to rollbacks but not getting the response they want from the...
In today’s #marketinsights video recording I analyse #Crude #Oil and #Gold!
Despite #wti should be under pressure on the last #API build, #Brexit, #US-Sino and oil field attacks by ISIS held the commodity upbeat!
Meanwhile, in UK politics the "meaningful" vote took a U-turn to what I like to call "meaningless" vote as parliamentarians did indeed approve #BoJo's...
This week there was a huge surprise US oil inventory build (10 million barrels, 3 times the analyst estimate) due to US sanctions against the shipping company COSCO. However, we also got a Brexit deal today. Oil has been struggling to decide which way to move on all this news. The trend appears to be downward, but it's not confirmed until it breaks below the...
There's lots of bad news for crude oil prices right now.
Yesterday, OilPrice.com reported that "the American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.92 million barrels for the week ending September 26—a surprise compared to analyst expectations of a 1.567-million-barrel build." This morning, the US Energy Information...
Oil settled at the resistance zone by testing the institutional level of @60.000. The EIA inventory report showed a massive cut of 12M barrels last week while Russia and China agreed to extend their cuts on a 9-months span. Prices remain bullish and we might expect a bullish continuation : However a strong pullback from Friday June 28th exalts us to remain...