Featured Breadth Chart of the Day: Mr. Zweig is not moving us anywhere. Watch the other breadth indicators for foundational weakness. We will break lower in here at some point on the Zweig. Quote of the Day: Copy from one, it’s plagiarism; copy from two, it’s research. –Wilson Mizner Comments and Levels for the Front […]
As news from Russia, the Ukraine and China make headlines, investors see the impact in stocks.
In the face of renewed market strength and the chilly diplomacy between the U.S. and Russia on the smoldering crisis in Ukraine, I wanted to take a step back and share insight.
I stated how the set up between these two Futures wasn’t even close and a perfect example of such showed up in Thursday’s session.
Japanese yen futures completed a daily bullish harmonic pattern, a Butterfly, that has retraced to its ideal minimum target. This retracement is shallow if price cannot push higher than .009935, and a shallow retracement for a bullish pattern is a sign of weakness. The day chart shows that the Bullish Butterfly pattern completed at .009486. […]
The Reserve Bank of Australia moved from dovish to neutral last night as they scrapped the language expressing concern about the strength of the Australian dollar and concluded that “the most prudent course is likely to be a period of stability in interest rates”.
Collective Intelligence! The jobs data showed the NFP checking in nearer the upper end of consensus – Sweet Spot? U.S. February Non-Farm Payrolls Rise 175,000, Jobless Rate Rises to 6.7%. Snippets: Other than the jobs situation – nothing of note. Let’s give them the weekend to mull it over … alright, Alright, ALRIGHT … we’re […]
Jack Broz of Broz On Bonds reviews activity from Wednesday and provides education about bonds.
This article describes my thinking and planning before and the results AFTER Wednesday’s 5YR auction. As always, this was a real trade which I sent out to my clients and MrTopStep Trading Room members. [Ed. note: Jack's post may seem brief, but it works on the iceberg principle. Every sentence has a lot of context […]
According to Henry Marcell, Chicago and Chicagoland drivers will pay more at the pump for two reasons.