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Tag Archives: forex analysis software

52nd day of $QQQ short term up-trend; Market indexes extended

I learned this idea from my stock buddy, Judy. Whenever a rising stock or index floats above its rising simple 4 week average (the weekly low is well above the average), that security often times is extended and  it reverts to the average. This weekly chart of the SPY shows times in the recent past when this index ETF has become extended according to this definition. The red dotted line is the 4 week average. We may be facing a consolidation...

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Euro Listless Ahead of US Housing, Consumer Confidence

EUR/USD is showing limited movement in the Friday session. Currently, the pair is trading at 1.0580. On the release front, there are no eurozone events. In the US, the markets are forecasting mixed news from today’s key indicators. New Home Sales is expected to jump to 575 thousand, but UoM Consumer Sentiment is forecast to dip to 96.1 points. The euro has been under pressure...

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Half of Germans Against Greek Debt Relief

Around half of Germans are against granting debt relief to Greece and around three in 10 want the debt-laden country to quit the euro zone, a survey showed on Friday. The INSA poll for the newspaper Bild showed 46.4 percent of people living in Germany, Europe’s paymaster, thought giving Greece debt relief would be unfair for other euro zone countries. That compared with around one ...

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Lawmakers Lash Out at Brexit Bill

U.K. lawmakers in Prime Minister Theresa May’s Conservative party hit back at claims from Austrian Chancellor Christian Kern that Britain will be charged 60 billion euros ($63 billion) to leave the European Union as tensions surge ahead of Brexit talks. In a Bloomberg interview on Thursday, Kern became the first EU leader to put a value on the size of the U.K.’s Brexit bill. While May’s office was muted in its public comments, Kern’s warning that there would...

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Good Recovery

In early morning action it was a clear swing to sellers after yesterday's non-event. However, buyers came back and were able to make a good chunk of these losses into today's close.Large Caps remained the most attractive as defensive stocks often are during times of doubt. The S&P registered higher volume accumulation as intraday action proved to be relatively tight.The Nasdaq suffered larger losses, but there was no distribution to go with it. Technicals...

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Morning Charts 02/23/2017 SPX /es

Well, its roast CNN and #fakenews day. This could be fun.FOMC dud. Louis Winthorpe III‏@LWinthorpe 14m14 minutes agoMoreLouis Winthorpe III Retweeted Ryan Detrick, CMTWait till we hit 15Louis Winthorpe III added,Ryan Detrick, CMT@RyanDetrickSince 1900, the #Dow has made new all-time highs 9 consecutive days only 5 times. In other words, the past 9 days are what we'd call rare.On to the lie -DOW Daily - Seems somewhat excessive. but given the new normal and the Total ...

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How Soon is Now

How soon is now The Fed’s January FOMC  minutes revealed a consensus among Fed members to raise rates, but the minutes offered up little more than studiously ambiguous double talk by suggesting a rate hike would be delivered “fairly soon”. Short-term dollar speculators were hoping the Feds would produce a more meaningful time frame, but dealers are left dangling. Just...

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Market Pause

Nothing really to add to yesterday. Markets took minor hits, but there was little intraday spread. The biggest spread was in the Russell 2000 which was underperforming heading into today's session. It reversed most of yesterday's gains, but it has some way to go before it begins challenging the breakoutThe New Lows and Highs is in a secular bullish pattern, and it will take continued pressure in spike lows to generate a sustained sell off - none of which ...

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APAC Markets Press ahead

Expectations of a hike have increased since Donald Trump was elected president in November as dealers bet his big-spending, tax-cutting plans will fan inflation. And the latest reading on prices increases, as well as healthy jobs growth and factory activity, have reinforced that view. Hong Kong added 0.2 per cent in the morning and Shanghai was up 0.3 per cent while Seoul put on one per cent...

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Risk Aversion Percolates

Risk Aversion Percolates Markets oozed that distinctly risk-averse mindset on Friday, as jitters were apparent in numerous pockets of the market. One could almost sense the currency markets antipathy for risk as we entered week’s end. However, this is not too surprising given the current French election climate and just how consistently unpredictable  President Trump has been on the ...

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