One look at the chart of the U.S. financial markets against the backdrop of economic paralysis and suffering, and one is immediately filled with a myriad of emotions. Sympathy for those that have been afflicted by the most recent pandemic; fear for the families whose prim...
Streetwise Reports
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June 2, 2020
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Despite yesterday’s bearish opening gap, the bulls closed it, taking prices higher in a very measured and cautious way. Then, the bears took over the reins and drove the index well below the levels at the start of the day. Have we seen a reversal? In short,...
Monica Kingsley
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May 20, 2020
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Egged on by the horrendous retail sales data, S&P 500 intraday decline has gathered steam yesterday. An 8.7% drop in consumer spending can’t be just waved off. Neither can the Empire State Manufacturing Index at -78.2. We have the impression that the world is w...
Monica Kingsley
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April 16, 2020
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The S&P 500 upswing didn’t materialize on Friday, and our decision to go short has paid off handsomely. Taking stocks to new 2020 lows on both intraday and closing basis, the bears clearly had a field day. As the S&P 500 closed the week near its lows, which way...
Monica Kingsley
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March 23, 2020
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Just when you might think that the key action to comment on is Friday’s reversal, it’s the opening of today’s overnight session that gets the prize. The development is yet another Fed’s pre-FOMC move. This time, i...
Monica Kingsley
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March 16, 2020
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Stocks opened up on a bullish note yesterday, but the bulls gave up all of their gains and then some. This has happened despite the Fed’s surprise rate cut that intended to calm the markets. As stocks closed the day back below the key support, where does that l...
Monica Kingsley
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March 5, 2020
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(Peniaphobia: fear of poverty) This weekend, newsletter writers the world over are scrambling to explain to their paid subscribers why they are now showing losses in portfolios that were supposed to be showing gains, and especially because it was only two weeks ago t...
Streetwise Reports
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March 3, 2020
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As I write this, the market is officially in correction territory, with the S&P 500 off 14.5 percent from its all-time close on February 19. It took only six days, in fact, for the S&P to fall 10 percent from its high into a correction—a new record, according to data fr...
Frank Holmes
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March 2, 2020
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It appeared that the bears firmly took the reins of yesterday’s session, but most of their gains were history before the closing bell. Have we seen an important turning point for oil? Let’s start with the daily chart examination (charts cour...
Nadia Simmons & Przemyslaw Radomski
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February 19, 2020
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Silver is expected to begin the 2020s newly burnished, through a combination of higher industrial and investment demand, and tightened supply owing to mine production issues and output cuts. If it does, it would be the continuation of a trend that started last year. 2019 ...
Richard (Rick) Mills
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February 10, 2020
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