Markets

Nov 26, 2014 at 05:58

Another small green candlestick overall fits the Elliott wave count. The alternate hourly wave count (with a small adjustment) is now much more likely, and so today I am swapping…

Nov 26, 2014 at 05:19

AUD/USD has moved below the support at 0.8541, making 4-year low and confirming the underlying downtrend. Hourly resistances can be found at 0.8567 (previous support) and 0.8620 (25/11/2014 high).

Nov 25, 2014 at 18:49

Back in the olden days, before the advent of digital cameras, photographers used a curious thing called film. Surely you remember having to feed a roll of the stuff into…

Nov 25, 2014 at 18:28

Earlier today, the Conference Board showed that its index of consumer confidence dropped to 88.7 in November, missing analysts' expectations for an increase to 95.9. In a response, the U.S.…

Nov 25, 2014 at 18:22

If a new collaborative document had recently been released in which some of the world's most influential economists were urging the nations of the world to force negative returns on…

Nov 25, 2014 at 18:21

It is difficult to imagine a new bear market starting when the economy is growing and the technicals are favorable. Tuesday's GDP report showed the U.S. economy is coming off…

Nov 25, 2014 at 18:03

Last month kicked off a new long-term Kress cycle. The Kress cycle, which answers to the Kondratief wave of inflation/deflation, is responsible for the overall climate of economic and financial…

Nov 25, 2014 at 16:22

While it hasn't affected gold significantly, the price of oil has fallen quite dramatically over the past couple of months, and that's bad news for oil companies. Profit margins are…

Nov 25, 2014 at 11:09

It feels as if we've been here before. The previous forecast for a high to the right shoulder on 9/19/14 looked good but was obviously incorrect (on the other hand,…

Nov 25, 2014 at 09:31

When it takes up to four million pounds of sand to frack a single well, it is no wonder that demand is outpacing supply and frack sand producers are becoming…