Trading Guide: 10 Steps to Identify a Proper Cup and Handle Pattern

Trading Guide: 10 Steps to Identify a Proper Cup and Handle Pattern

Enjoy this post? Share the love. After a nasty 2022 bear market, the Nasdaq has made a bullish advance back above its 50-day moving average. As conditions continue improving, astute swing traders who target emerging, bullish chart patterns may be highly rewarded. The cup and handle is one such bullish chart pattern that may soon […]

Auto Dealers Can See Sales Revenue Even Before A Car Leaves The Lot

Auto Dealers Can See Sales Revenue Even Before A Car Leaves The Lot

U.S. Bank is using the Real-Time Payment (RTP) network to deliver funds to more than 6,000 auto dealers immediately, so when a customer pays with a loan, the sale hits the dealership’s bank account in real time. “While the traditional ACH payment method for funding auto loans can take several days – especially when sales […]

Crypto Failures Versus Bank Failures

Crypto Failures Versus Bank Failures

The ongoing collapse in cryptocurrency exchanges is attracting attention and schadenfreude. As an uninterested outside observer, all I can say is that weak exchanges are being culled, whether any “strong” ones will be left remains to be determined. My guess is that unless regulators step in and shutter them, inflows from elsewhere should be able […]

Bitcoin Bottom: Why $BTC may be Bottoming Out Now

Bitcoin Bottom: Why $BTC may be Bottoming Out Now

Enjoy this post? Share the love. Source: Unsplash The 2022 crypto bear market has been quite challenging for investors in the crypto space. But bear markets eventually lead to fantastic buying opportunities—as long as you’re not too early. After Bitcoin’s recent fall to a new, 2-year low, many crypto traders are now asking, “Has Bitcoin […]

Podcast

Podcast

I was invited onto the MMT Podcast with Patricia Pino and Christian Reilly (thanks!): “What Is A Bond Vigilante And How Do We Get Rid Of Them?” A discussion of some of the issues raised by the wackiness in the U.K. bond market. Obviously not a current event, but a discussion of what we can […]

Gold, TIPS, bitcoin and alternative ETFs haven’t been the inflation hedges they were supposed to be

Gold, TIPS, bitcoin and alternative ETFs haven’t been the inflation hedges they were supposed to be

You may want to consider selling your inflation hedges. This coming Thursday’s report on the Consumer Price Index is projected to show U.S. inflation continuing its recent moderating trend (to 7.9%, according to economists surveyed by the Wall Street Journal — down from the previous month’s 8.2% annual rate and June’s 9.0% rate). Moreover, inflation […]

US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields

US Dollar Outlook Turns Bearish as Slowing Inflation May Further Weigh on Yields

US DOLLAR WEEKLY FORECAST: SLIGHT BEARISH The U.S. dollar plummeted this week following weaker-than-expected U.S. inflation data Slowing price pressures may lead the Federal Reserve to adopt a less hawkish stance, prompting policymakers to slow the pace of interest rate hikes as soon as their next meeting The downward correction in yields could push the […]

Cryptocurrency Meltdown Pauses After FTX and Alameda Implosion

Cryptocurrency Meltdown Pauses After FTX and Alameda Implosion

Bitcoin (BTC), Solana (SOL), and FTX (FTT) Prices, Charts, and Analysis: Binance backs out of a potential FTX bailout after looking at the books. FTX and Alameda are under heavy regulatory scrutiny. Liquidity concerns continue to roil the market. Recommended by Nick Cawley Get Your Free Bitcoin Forecast How to Use Twitter For Traders This […]

S&P 500 Run Looks to Earnings, Dollar Tumble to Rate Forecasts, Bitcoin to Market Stability

S&P 500 Run Looks to Earnings, Dollar Tumble to Rate Forecasts, Bitcoin to Market Stability

Nasdaq 100, Dow, Bitcoin, Event Risk and Dollar Talking Points: The Market Perspective: USDJPY Bearish Below 146; EURUSD Bullish Above 1.0000; Gold Bearish Below 1,680 Volatility was wide spread this past week, but the charge from the US CPI and crypto market turmoil doesn’t necessarily have to carry over to the new trading week There […]

Australian Dollar Outlook: US Dollar Crunch Boosts Aussie

Australian Dollar Outlook: US Dollar Crunch Boosts Aussie

Australian Dollar Forecast: Neutral The Australian Dollar jumped higher as the US Dollar sank A soft US CPI number saw risk assets soar across the board RBA disparity with the Fed approach might deliver different results Recommended by Daniel McCarthy Get Your Free AUD Forecast The Australian Dollar bounced to its highest level in almost […]