ByDHTaylor

ByDHTaylor

I went short going in to the OPEC meeting . I thought it was silly that the world expected a bunch of cheaters to announce that they were going to increase their production cuts; they didn't even meet the first goal of .12 million per day cuts. Instead, they only hit about 900k in cuts. OPEC did not agree to extended, deeper cuts, but agreed to maintain their...

ByDHTaylor

More good news for Bitcoin and the crypto-currency is ready to push through $3,000.00. The currency is getting more users and more legitimacy out of Sweden and ECB dovishness

ByDHTaylor

On a relative basis, Great Britain will still outperform CHF and EUR. Did anyone even listen to the ECB just yesterday? They said they are going to continue to dilute their currency. So, why would it necessarily rally versus GBP or even USD? Also, there is Switzerland. I see a very long term opportunity for investors to move money out of the negative interest...

ByDHTaylor

XLF, the financial services ETF, surged as the House voted to repeal Dodd-Frank. However, financials are staring a wall of delinquencies in the face as the delinquency rate continues to rise higher. This will have a bigger effect on the market than passing this legislation. The delinquency rate continues to rise after the surge in lending at the end of 2016. ...

ByDHTaylor

Dodd-Frank got closer to being repealed and likely the Senate will follow suit, from what I he been reading. However, the financial sector is facing a wall of delinquencies as the rate continues to climb. That would be a far greater market mover than the repeal of the legislation that would ultimately prevent financials from getting a wall of delinquencies. It...

ByDHTaylor

I had been expecting Ripple, XRPUSDT, to move lower along with Bitcoin from yesterday's move lower. However, both are on the run upward again. But, XRPUSDT has been stuck in this range of between .2600 and .3000 for the past week. My initial expectation was a drop lower to about .2200. I still have buy orders there and will keep them there for a couple more...

ByDHTaylor

Either something big is lingering in the background or all of the risk aversion is finally out of the way and bond prices will move in kind. Gold, bond yields and Japanese yen have all been moving in lock-step, three telling risk indicators. Today's price action is showing the move out of risk may be over. But, I have been wondering if something bigger is not...

ByDHTaylor

The Alt-Coin, Ripple, is set to head higher on the next surge. I see this selling in the crypto-currencies as an opportunity to pick at a lower price . As Bitcoin sells, the rest of the Alts are heading lower. This will turn and so will XRP. I see all of this as temporary. BTC is hitting $3,000.00 and will keep on going higher.

ByDHTaylor

Buying on the dips with BTCUSD has always panned out. This recent drop is an opportunity to go long again with long term outlook in mind. Day traders may be weary of ups-and-downs. Ultimately, the coin is going higher over the long run.

ByDHTaylor

Turning very bearish on the home builders. Increasing interest rates will increase costs. Delinquencies are rising and creditors are contracting. Most activity in mortgage applications is either refi - due from recent fall in 30-year, or existing home sales. Builders are falling behind and sales goals will not be met.

ByDHTaylor

Bitcoin blew through its most recent all-time high. The next stop is pushing through $3,000.00 - I see much higher prices moving forward . The fundamentals continue to support the currency's rise. There is no central bank diluting the crypto-currency's value . Instead, there is a set amount of coins, 21 million, and there never will be any more. Issues with...

ByDHTaylor

Long term, I see the Dollar Index, DXY, heading lower . However, after ECB meeting, DXY may rise. I am out of short position for now waiting to go short again.

ByDHTaylor

It is relentless, BTCUSD's move higher. I see a big move over the next couple of days past all-time highs. But, volatility is a consideration. Protect the trade with options .

ByDHTaylor

The GBP will turn back upward versus USD, EUR and CHF after the British election and the ECB meeting. On a relative basis, GBP is in better economic shape than both the Euro Area and Switzerland.

ByDHTaylor

There are economic indicators that the economy is running out of steam. Business loans are at 0% growth rate, a sign a recession may be on the horizon. Consumers are spending less but borrowing more. This economy may be topping out soon. For now, earnings are strong. I am shorting on a daily basis, in and out on the S&P. More detailed analysis: ...

ByDHTaylor

More and more economic data is showing that Chinese nationals are sending money abroad. Currency reserves are getting depleted and the Bank of China is allowing the CNY mid-point band to move lower. I see a long term move up significantly higher in USD versus CNH. But, Chinese interest rates are high making a carry differential that favors CNH. Probably will...