I implement these “seasonality” charts as they have been a great framework into all of my trading/investing technical analysis. Seasonality charts are constructed from the past thirty years of historical data. I implement them as “contrarian indicators”. The “extreme bullishness” is perceived as bearish and the “extreme bearishness” is perceived as bullish! In the chart below, it displays the spread...
By Stephanie Landsman, CNBC Oil hasn't traded above $70 a barrel in nearly three years, but that could soon change. RBC Capital Markets' Helima Croft says there's a very high probability Venezuela's state oil company will default and bring about a steep jump in crude prices. "I think that's going to be the biggest geopolitical story to watch in the...
By Stephanie Landsman, CNBC Oil hasn't traded above $70 a barrel in nearly three years, but that could soon change. RBC Capital Markets' Helima Croft says there's a very high probability Venezuela's state oil company will default and bring about a steep jump in crude prices. "I think that's going to be the biggest geopolitical story to watch in the...
Based on nothing more than sheer momentum, it's tough not to like stocks right now. The rally just won't die even though its obituary has been written several times, so much so that the few doubters have finally learned to not voice — or trade — their pessimism. In many regards though, that lack of doubt may well be a...
Based on nothing more than sheer momentum, it's tough not to like stocks right now. The rally just won't die even though its obituary has been written several times, so much so that the few doubters have finally learned to not voice — or trade — their pessimism. In many regards though, that lack of doubt may well be a...
Though there's certainly not a shortage of bulls out there pounding the table about stocks, there's also more than a handful of doubters that say the market has been too hot for its own good — a pullback from here is inevitable. The debate begs the question though… how overbought is too much, and where does the, oh, say the...
Though there's certainly not a shortage of bulls out there pounding the table about stocks, there's also more than a handful of doubters that say the market has been too hot for its own good — a pullback from here is inevitable. The debate begs the question though… how overbought is too much, and where does the, oh, say the...
The market managed to hit new record highs last week. But, they weren't really able to hold onto those gains. Stocks pretty much ended the week where they started it, and traders have no clearer idea as to what's on the horizon. The good news is, the lines in the sand we need to which remain rather clear (particularly the...
The market managed to hit new record highs last week. But, they weren't really able to hold onto those gains. Stocks pretty much ended the week where they started it, and traders have no clearer idea as to what's on the horizon. The good news is, the lines in the sand we need to which remain rather clear (particularly the...
A little over a week ago we pointed out the U.S. dollar was in a dangerous freefall that would reach a fork in the road sign. It got there today. That is, the U.S. Dollar Index hit a low of 93.15 today, reaching a key support level that's marked several major lows since mid-2015. The greenback bounced as a result,...
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