Gold, coming off a interesting key level here. Previous levels of resistance off the monthly chart. Federal Chairman speaks on lowering the alarms for a recessives period, this gives U.S markets strength and sends stocks for a rebound and the Dollar finds artificial strength. In correlation, precious metals become less appealing as a way to hedge inflation.
No Deal w China until June 2021 - My Guess
Gold going to touch 1534 that is confirm by US-China trade talk in early october, If trade talk stay positive it will go more down.
Potential for a triple bottom on SPY. Depending on incoming news later tonight/tomorrow morning, I suspect a large move monday. Technicals would suggest that spy should be making a move upwards towards 293. If 293 rejects, then down we go again. If it breaks and retests as support, then we may make new highs. However, with the fear in the market, it is hard...
News/fundamental The USTR says that the tariffs on some items, including “certain toys,” will be delayed until Dec. 15. September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry’s business occurs. Hasbro told CNBC earlier this month that it would have “no choice but to pass...
Bears Getting Emboldened? The apparently mis-managed, mid-judged, and mis-publicized trade war appears to begin to take its toll on the confidence of businesses and investors - not only on the confidence, but could very well be on their bottomlines. And, this could be emboldening the bears to slowly emerge from their hiding. Nevertheless, if you are itching to...
Trump hits Beijing with tariffs this coming September. The markets retaliate and consumers run to Bitcoin as a speculative store of value.
As volatility has come back to the global markets with a vengeance, one headwind that continues to blow even stronger continues to be the US-China trade war. On August 2nd, the US unexpectedly imposed additional tariffs on Chinese goods, with the Chinese now threatening to retaliate in kind. As a result of this renewed volatility, Emerging Market stocks ($EEM)...
The S&P 500 was hit hard this week after macro headwinds such as the less than dovish Fed meeting, and more China tariffs, the $SPY has taken a beating over the last few trading days. However, despite this short-term rough path, it appears that a "Bull Flag" ("Flag") seems to be forming at the moment. If prices can bounce off the bottom of the Flag at $288, move...
After a volatile week, $QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment. However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the...
Huge growth in 2016 as speculative anticipation of more sales to China & other developing industrialization nations occurred. Unsupported by Fundamental & Technical support and resistance levels. Now in a sideways pattern, inevitably selling down toward a Business Bear Cycle pattern. Weekly chart view.
Fundamental Analysis: It was always made clear to me that Gold is the "Safe haven" where money is shifted to in times of uncertainty and fear. Gold is also commonly bought to be used as a hedge. Take the tariff war that is currently going on between World Leaders, the increased tariff rates seem to have no limit. In return, the inflation to the US Dollar will...
Trump and Xi Ping have come to a tariff truce at G-20 this weekend. Trump is now using Huawei (previously blacklisted, banned, etc.) as a bargaining chip, allowing TEMPORARILY, U.S. companies to continue doing business with China's Huawei. Here is a list of Top 20 U.S. based Huawei suppliers . I believe most of them will rally this month (July 2019). -...
Trump's phone call with China's Xi pushed up the US stocks. The stocks' gains are likely to enter a daily correction phase as on S&P, we see a drop back to 2915. If that level is broken, check at 2910.
In the upcoming days I'm confident we will see a continued rally in the S&P off of the news that Mr. Trump has solved "the problem" of the Mexico tariffs. While trying to remain as unbiased as possible, it is becoming more and more apparent that the current market news cycle could legitimately be subject to manipulation by Trump's continued belief that a strong...
INTC not only had a poor earnings season, but it also faces challenges from recent new tariffs in China. Intel’s stock price has fallen back to the lows of December 2018. This should provide support for the stock due to fundamentals.
As the trade tension heats up between the US and China, global traders have been putting pressure on the USDCNY. On a technical basis,the RSI and MACD are strongly trending higher, indicating strong momentum higher for the USDCNY. Further, with the ADX firmly in trend, there are no signs of the rally in USDCNY slowing down. If trade talks worsen or even fall...
BMW entered a bullish trend back in 13 May 2016, when it paid the dividend of 2016. Yesterday was at minimums of 2013 if we do not take into account Brexit effect on 2016. Today is the day before the ex-dividend date of 2019 and it offers a dividend yield of 5.12%. Nonetheless, it's worth reminding that BMW's 2018 Earnings where -16.9% YoY so in case you happen to...