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Oil Short - Dollar Long?
Say What? All the talk in the media about the downside of the US dollar! I am not convinced short term the dollar continues lower. The dollar index has found solid support at the 75 mark and this could be setting up for a snap back bounce. The technical indicators are pointing to the index [...]
What will be the catalyst?
The market found support at the September lows and now it is finding resistance at the previous high. This could lead to a trading range between the tow or we will define a catalyst to break through either end. Most investors and analyst are talking about a test of the lows as the markets are [...]
Banks Remain Under Pressure
The Dow Jones US Bank index is struggling. Support since the surge higher in July has been near the 210 level. The index broke below this level and the 50 day moving average. The move back above these levels yesterday was hopeful, but the volume was weak on the move. Technically the break of the [...]
Fed, Rates and Treasuries
The conclusion of the FOMC meeting is today and to say investors are interested in the outcome would be an understatement. The focus seems to be more on the language of the Feds statement than a hike in rates. This puts the bond market square in the target of interpretation. Simply put, rates will react [...]
The Yo-Yo Effect
The daily volatility has definitely returned to the markets. This is all due to uncertainty concern the outlook. If we look at most charts since the September low we have been moving higher under the assumption economic growth was on course and the recession ending. Over the past two weeks various data points have shaken [...]
Does this mean the selling is over?
On Wednesday the market fell on what essentially could be construed as fear. It came from a lack of confidence looking forward. This took the major indexes (S&P 500 and NASDAQ) below their major trend lines off the March low. That in essence brought the September low into play as support. The selling came with [...]
