Blockchain stocks are the hottest sector right now. Here is the big news for investors: “you ain’t seen nothing yet.” We’re on record forecasting that the blockchain stocks bull market will become as big, if not bigger, than the dotcom bull market. There are some specific challenges investing in blockchain stocks. How to invest in blockchain stocks, and which blockchain stocks to select? That is a challenge in and on itself. Let’s illustrate this with an example. Marathon Patent Group, a nano cap stock in 2017, with a steeply declining stock price, announced early December that it would become a blockchain company focusing on ...
Dollar/CAD continued leaning lower amid rising oil prices but did not collapse. Where to next? Housing figures are expected in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. Oil prices remained high but did not breach the 2015 highs. This prevented USD/CAD from breaking below 1.25. In the US, the greenback continued struggling despite good data and a balanced Fed, according to the meeting minutes. Updates: USD/CAD daily graph with support and resistance lines on it. Click to enlarge: BOC Business Outlook Survey: Monday, 15:30. This quarterly report by the Bank of Canada provides an overview of th...
I am re-reading Justin Mamis’ book, The Nature of Risk, a worthwhile read by the way, and being reminded of the dissemination of information prior to the internet age, which is difficult for many to believe if they did not work in investments at that time. Simply gauging market sentiment prior to each day’s market open at that time was much different than it is today, of course. As he notes in his book, when one inquired about, say, a higher market, the most appropriate answer was there simply were “more buyers than sellers” that day. In today’s proliferation of business cable channels, that type of response wil...
Sustainable infrastructure financier Hannon Armstrong (NYSE:HASI) is not in my Ten Clean Energy Stocks model portfolio for the first year since its IPO in 2013. I still love the company and its business model, but I have become concerned about its short term prospects. Dividend Disappointment? In my last update on the 2017 portfolio, I wrote: “Sustainable infrastructure and clean energy financier Hannon Armstrong reported earnings on November 1st. The headline numbers were lower than expected, but for a very good reason. The company has spent the last few months locking in low interest rates by refinancing its floating rate debt with fix...
VIX declined to make a double right shoulder to match the double left shoulder of a potential Head & Shoulders formation. The Moving Averages are so low that it may take a break of Long-term resistance at 10.93 to generate a buy signal. A breakout above the Ending Diagonal trendline suggests a complete retracement of the decline from January 2016, and possibly to August 2015. It appears that the Fed had its fingers on the scale all along, as many surmised. (ZeroHedge) For years, market watchers and Fed skeptics had warned that the record low volatility “blanket” that has fallen like a pall over the comatose market was the r...
The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. The strength of the rebound pushed the miners well beyond their 200-day moving averages and to their June and October highs. GDX is consolidating just below $24 while GDXJ is consolidating just below $35. If this consolidation turns into a correction then GDX and GDXJ could find support at their 200-day moving averages which are...
HIGHLIGHTS: Dow Jones Industrials hits key 25,000 price level, with its eye on both 27,500 and 29,400. US Dollar Index signals a long-term bear market, but for the short-term it may experience a counter-trend rally. Inversely, commodities (CRB) have had a spectacular bull run, but now point to a short-term pullback to 440. Oil has risen to anticipate geometric resistance of $61.79 its cumulative average, but may pull back to the $54 – $55 price area in the near-term. Bitcoin is indicating a continuation of the larger bull run, as expected, with $24,920 as the potential next top. DOW JONES INDUSTRIALS (DJI) DJI reaches key pivot o...
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the NZD(4X) followed by the CAD (3X) and the AUD(2X). The weaker currencies are the JPY(4X) followed by the USD(3X) and the CHF(2X). By diversifying a nice combination can be traded in the coming week like e.g.: AUD/JPY with the USD/CAD CAD/JPY with the NZD/CHF Ranking and Rating list Analysis based on TA charts for all the major currency pairs. Every week the Forex ranking rating list will be prepared for the weekend. All the relevant Time Frames will be analyzed and the ATR and Pip value will be set. ...
Value investor Jeremy Grantham suggests “Bracing Yourself for a Possible Near-Term Melt-Up”. Grantham’s 13-page synopsis Bracing Yourself for a Possible Near-Term Melt-Up suggests the bubble will burst and the consequences devastating, just not yet. His key reasons center around an expected 3.5 year window that is typical of other bubbles coupled with advance decline ratios and acceleration that have not yet turned. Acceleration Classic Bubble? Advance-Decline S&P 1997-2001 Summary Grantham Guesses (“Absolutely Personal Views”) A melt-up or end-phase of a bubble within the next 6 months to 2 years...