A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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Elliott Wave View: IYR New All-Time-High in Sight
Read MoreIYR is near the 2007 all-time high and looking to break above it. This article & video explains the short term Elliott Wave path.
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UUP Bullish Cycles from May 2011 lows
Read MoreUUP Bullish Cycles from May 2011 lows Firstly the dollar tracking ETF fund UUP inception date was 2/20/2007. Interestingly the dollar index has a low in March 2008. The UUP ETF fund shows a low in May 2011. The dollar index did make a pullback cycle low in May 2011 however it was well above […]
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Canopy Growth Corporation – Investment Opportunity Around the Corner
Read MoreThe world’s largest medical cannabis producer by market cap, Canopy Growth (NYSE : CGC) reported earning two weeks ago. While revenue surged by nearly 250% year over year to 90.5 million Canadian dollars, it was down 59% from the previous quarter and more than 20 million Canadian dollars below the average analyst estimate which raised some concerns. The company managed […]
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BMW AG Stock Sending Warning To German Automobile Sector
Read MoreHello fellow traders. In today’s blog, we will have a look at the BMW stock. In my previous blog, we discussed the possibility in the Daimler stock and why the biggest rival is under pressure and should remain lower. Today, we will have a look at the BMW stock which is the counterpart of Daimler (Mercedes). […]
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FXA Bearish Cycle From The July 2011 Highs
Read MoreFXA Bearish Cycle From The July 2011 Highs Firstly the FXA ETF fund is the Australian dollar tracking fund that has an Inception Date of 06/21/2006. With that said the fund mainly reflects the currency spot price of the AUDUSD forex pair. The data available from the Reserve Bank of Australia at their website suggests the spot price […]
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Trade War Escalation Put Selling Pressure to S&P 500 (SPX)
Read MoreLast week, there was anticipation of market volatility as the Fed’s Chairman Jerome Powell was scheduled to speak at Jackson Hole. President Trump and China however stole the show. China introduced fresh retaliatory tariffs on $75 billion of U.S. imports, targeting politically sensitive products. President Trump immediately responded. Trump announced in twitter the existing 25% […]