June 2019

Asian Stocks Struggle While Wall Street Maintains Exuberance

The possible upcoming success of U.S. China trade meetings and the possibility of a Fed rate cut were enough to boost U.S. Stocks but not enough to generate solid optimism in the Tokyo and Asia. There are other issues still weighing the market down. Here is the story from Reuters. https://www.reuters.com/article/us-global-markets/asian-stocks-fail-to-catch-wall-streets-fed-rally-as-trade-angst-persists-idUSKCN1TM03X?feedType=RSS&feedName=topNews

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Gold Confirmed a Bigger Uptrend and No Longer Looking for a Short.

There is an important reading of shape in uptrends and when the normal size of a last wave is exceeded you can see that a bigger uptrend is in process and at the moment I am no longer looking for any short but will keep going long. https://www.cnbc.com/2019/06/21/gold-prices-after-fed-opens-door-for-potential-rate-cut.html

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Asian Markets Wait for Release of China Data While Saudi Attacks Create Rally on Oil

A lot is going on this week in the markets and part of it from scheduled news while part of it from news and events that are not regular scheduled release of data. Here is an update on part of what is going on and how it affects trading for the week. https://www.reuters.com/article/us-global-markets/asia-stocks-subdued-ahead-of-china-data-gulf-attacks-support-oil-idUSKCN1TF03P?feedType=RSS&feedName=topNews

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Stocks and Oil Keep Going Down As Global Trade Wars Keep Helping Americans Get Better Prices.

Of course, we realize it’s not good for stocks to go down and that’s really bad for the economy but what happens to consumer prices as stocks go down? What is bad about Oil prices going down? Look on the positive side and notice the excellent buying opportunities that happen in every down cycle. https://www.reuters.com/article/us-global-markets/u-s-stock-futures-oil-slide-as-trade-wars-stoke-global-recession-anxiety-idUSKCN1T402Z?feedType=RSS&feedName=topNews

Stocks and Oil Keep Going Down As Global Trade Wars Keep Helping Americans Get Better Prices. Read More »