An update chart on the puke of the century. Chinese Yuan on its way to 6.5, then 8.2.
JPMorgan Chase & Co. is making two contrarian calls: First that the yen will strengthen toward 100 per dollar and second that such a rally won’t destroy the world’s third-largest economy. Tohru Sasaki, Tokyo-based head of Japan markets research, sees a gain to 110 next year from about 121 now, the most bullish among around 60 forecasts compiled by Bloomberg. While...
The MSCI Index appears to be rolling over in a right shoulder of a significant top pattern. One must be blind not to notice the similarities between this potential top and the chart top completed in 2008. Also, notice how the right shoulder held at the 6+ year trendline. The completion of the H&S top would also violate the trendline. A completion of this top could...
The presence of flat 200 day moving averages throughout many of the US Stock Market Indices and sectors, combined with a few other factors, is causing me to maintain a neutral / bearish stance toward equities for the time being. Luckily, as a technician I can take advantage of opportunities in other non-correlated liquid assets. That being said, the Global X...
Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016