We observed a very choppy session with markets finally rebounding caused by a mixture of short covering & profit taking, bottom fishing, a clear statement of the French regulator about the sound conditions French banks are in and rumors about a short selling ban.Given high Put call ratios,... More »
EUR/USD: trading in range The EUR/USD exchange rate is trading within a range and it has recently bounced from the lows and begun climbing till it has found resistance at the monthly pivot at 1.4237. It is possible it could resume its descent with the lows at 1.4125 targeted again, but a... More »
There has been some commentary, as we should expect, regarding what appears to be an imminent “death cross” (50 day moving average crossing below 200 DMA) on the S&P 500. This has been met with the rebuttal that the death cross just over one year ago not only turned out not to be... More »
In the broadcast today: EUR, USD, GBP and CHF Outlook for the New Week. At the end of a tumultuous trading week, we list the Top 10 spotlight economic events that will move the markets in the week ahead and explore the short-term outlook for the EUR, USD, GBP and the CHF, we examine the... More »
Market SummaryDavid Chojnacki S1F Market TechnicianThe Market moved to the upside right at the open yesterday. The uptrend continued steadily throughout the session, without displaying any of the recent daily volatility. There was some pullback in the last 15 minutes to move the S&P... More »
Can SP Really Bypass Telecom Carriers? BackgroundAs I presented in my previous analysis reports, the development of fixed and mobile broadband network is a double-edged sword to telecom carriers, obtaining new revenue from data apart from conventional voice while objectively supporting the... More »
The financial sector is way oversold and likely to reverse to the upside over the near term. (KEY) is one of the stronger performers in the financial sector and the company recently reported stellar earnings and good forward looking guidance. Rated: Strong BUY with a $10 target.