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  • Finance 0

    E LTCUSD And ETCUSD Looking Bearish

    LTCUSD made a beautiful drop from the former wave (4) swing high, that was found at 61.74 level. The current weakness we regard as wave (5) of three, that can look for a low and a temporary bullish reversal near the 47.500/46.000 region where the Fibonacci projection ratio of 61.8 and the lower channel line can react as support for Litecoin. LTCUSD, 1h Now let’s switch to ETCUSD, where price made a nice and sharp drop out of a triangle which was located in minor wave iv at 13.916 level. We see a current drop as wave v of 3 that can look for a temporary support and a low, and later push the price into a new three-wave recovery within hig...
    On August 14, 2018 / By
  • Finance 0

    Russell 2000 Up Strong 9.1% YTD – At Critical Technical Juncture

    Small-caps have rallied nicely year-to-date. Supposedly, they benefit the most from last December’s tax cuts and are also considered insulated from negative effects of a trade war. They now sit at a critical technical juncture.   Over the last eight weeks, the index has been denied at 1700-plus three times – 1708.10 on June 20, 1708.56 on July 10 and 1706.83 on July 24. Monday, it initially tried to rally some but closed the session down 0.7 percent, losing the 50-day moving average in the process. In the meantime, bulls have consistently stepped up to buy at higher lows. As a result, a pennant has formed. This preceded a rally, thus the...
    On August 14, 2018 / By
  • Finance 0

    How Startups Are Using The Internet To Optimize Growth

    It’s never been a more exciting time to start a small business. The huge advances in technology mean that so much more is achievable than in previous decades. Make the right choices and there are plenty of options for your new business that allow you to optimize growth and succeed in today’s competitive marketplace. Big online players like Amazon.com Inc. (AMZN) and eBay Inc. (EBAY), of course, have huge resources and budgets at their disposal that give them a large share of the current market. That hasn’t meant smaller businesses are being left behind, however. Small businesses have capitalized on outsourced services to optimize budget...
    On August 14, 2018 / By
  • Finance 0

    Morning Call For Tuesday, August 14

    Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.35%) this morning are up +0.35% and European stocks are up +0.37% on a temporary respite from Turkey’s financial turmoil. The Turkish lira rose more than 5% against the dollar and Turkey’s 10-year government bond yield fell more than 100 bp to 21.46%. White House National Security Adviser Bolton told Turkey’s ambassador that the U.S. will not negotiate with Turkey on sanctions or tariffs until a detained American pastor is freed. European stocks also found support from an upward revision to Eurozone Q2 GDP and to a stronger-than-expected German Aug ZEW economic growth...
    On August 14, 2018 / By
  • Finance 0

    Reacting To The Buck

    Extreme market action continues. What began earlier this week as a rout in the Turkish Lira has quickly spread throughout all markets and now it seems to be affecting the cryptos as well. All the major cryptos fell over the last 24 hours. Bitcoin managed to hold the most steady and Ethereum bore the brunt of the selling. This article on Bloomberg indicates that the reason for this could be that some ICO’s are cashing out. However, there is a need for further analysis backed up by more in-depth intel before a final conclusion can be drawn. The reality is that more money is flowing into ICOs than out of them. According to data collecte...
    On August 14, 2018 / By
  • Finance 0

    E Hold On To Cash And Be Ready To Trade The Downside

    On Monday, August 13, 2018, SPX was down -11.35 points to close at 2821.93; the Dow was down -125.44 points to close at 25,187.70; and the Nasdaq slid -19.5 points to close at 7819.71. The US markets held up much better than the Asian markets, where Hong Kong and Shanghai led the slide. Seemingly, the US markets are immune to global problems “outside” of the US. The recent trade war(s) have done much damage to the Asian stock markets. On Monday, a currency crisis in Turkey initially had US market futures down. But, before the markets opened, things had climbed back to about even. US markets traded mostly in the positive territory ...
    On August 14, 2018 / By
  • Finance 0

    Chart Of The Week: Cyclicals Vs. Defensives

    Globally, we’ve been seeing a rotation between cyclicals vs. defensives, but there’s one market where we’ve yet to see this play out. For America, cyclicals have been a major source of strength, and that may not necessarily be a good thing....
    On August 14, 2018 / By
  • Finance 0

    Italy Warns That Stopping QE Will Lead To Collapse Of Eurozone

    Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the Eurozone. The ECB should ensure that the yield spreads of government bonds of the euro countries are contained and not allowed to soar. This is what Claudio Borghi told Reuters. “Either the ECB offers a guarantee or the euro will break apart.” Interest on Italian, Spanish and Portuguese bonds rose in response to the currency crisis in Turkey. Borghi warned that this situatio...
    On August 14, 2018 / By
  • Finance 0

    Brief Respite But Little Relief

    Corrective pressures grip the capital markets today, helped by the easing of the selling pressure on Turkey, but its more a respite than a relief as no new policy initiatives are behind the lira’s upticks. The implication of this is that it is unlikely to last. In fact, the dollar’s low in early Europe a just above TRY6.41 after trading a little above TRY7.23 yesterday may be about the most that can reasonably be expected. And not all countries are participating. India’s rupee and Indonesia’s rupiah fell to record lows, spurring reports of central bank intervention and only then did they recover. Favorable European eco...
    On August 14, 2018 / By
  • Finance 0

    Sensex Up Over 240 Points; Rupee Touches Record Low

    After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the IT sector, realty sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 242 points (up 0.6%) and the NSE Nifty is trading up 81 points (up 0.7%). Both, the BSE Mid Cap index and the BSE Small Cap index, are trading up by 0.3%. The rupee is trading at 69.88 to the US$. Page Industries share price and Vakrangee share price are in focus today on the announcement that Page Industries will replac...
    On August 14, 2018 / By