Dollar Strengthens Against the Peso

Dollar Strengthens Against the Peso

The US Dollar has been flirting with breaking support at 18 for awhile and today the dollar rallied very strongly against the peso. Technically, if we look at the weekly chart, you’ll see that the MACD crossover point has been reached. So, we should see an...
Mexican Peso

Mexican Peso

The Mexican peso has been moving sideways as the US dollar appears to be basing. Outlook for the Mexican Peso Most currency analysts are predicting that the peso will end the year between 18 and 20 pesos to the dollar. So, let’s take a look at some of the...
Have we seen the worse of the tech slide?

Have we seen the worse of the tech slide?

The tech leaders known as FANG; Facebook, Amazon, Netflix, and Alphabet (Google),  have all gotten beaten up recently. You could say that a cleansing has taken place and their valuations have been taken down a notch. In this most recent decline the broader S&P 500...
Today Could be a Key Day for the Markets

Today Could be a Key Day for the Markets

We did see some buying on weakness at the close yesterday. We really need to see a strong rally today in order to stave off further weakness. If we get another rally today and especially if it recovers 50% or more of yesterday’s loss then perhaps we will avoid...
Markets get ready to Bounce!

Markets get ready to Bounce!

The markets are set to bounce this morning with the news that China is willing to have talks with the US to resolve trade issues. This coincides with the Dow Jones and S&P 500 reaching their 200-day moving average. The Dow Jones undercut its closing low in...
Where are the Markets Heading?

Where are the Markets Heading?

Last week I indicated that I felt that things were changing and that we would more than likely see an undercut of the February low. By undercut, I mean that we will see a lower low.  Are we starting a new bear market? Looking at the weekly chart of the S&P 500...
Market Alert

Market Alert

My thinking is that with the FOMC meeting this week, we may see a trigger, raising interest rates, for the markets moving much lower. Perhaps, dropping below the February low. We may rally into this event, but the character of this most recent rally has been poor, to...

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