Saturday, January 20, 2018
Friday, January 19, 2018
Amazon names 20 finalists in search for HQ2SEATTLE — Amazon on Thursday narrowed the field in its search for a second headquarters city, plucking 20 finalists from among the 238 proposals the retail giant received in October. The list included several cities widely seen as favorites, including Atlanta, Austin, Texas, and Boston.
I've gotten a little cynical of this market because of it's euphoric climb but things have started to get both oversold on short-term and long-term charts. Below is an illustration of a just a few of the charts where I have drawn in the same circle at the end of the chart with lower highs on the RSI(5). I don't have sell signals elsewhere so I'll be honest, yes the market is oversold but I haven't had any confirmations yet. We gotta ride this out!
Thursday, January 18, 2018
Ghana's Economy Will Top Africa in 2018Ghana is tipped to lead Africa as the fastest growing economy in 2018 with a growth rate of eight per cent as a result of increased oil and gas production, which boosts exports and domestic electricity production.
Wednesday, January 17, 2018
China to step up cryptocurrency crackdownChina is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media. China will gradually clean up over-the-counter trading platforms, peer-to-peer networks where large exchanges occur and firms registered in the country which allow Chinese to trade overseas, the state-run Securities Journal said Tuesday.
Tuesday, January 16, 2018
I haven't posted in a while because of a load of on-calls at the hospital. I haven't written on Silver Miners ETF SIL for ages because its appeared below the MA(144), so why bother? Well, it has rocketed to it over the last month and then paused right at the MA(144). Since then it has finally broken above it which is very bullish. The EMA's are appropriately positioned except for a long-term momentum indicator which is still negative (and this is understandable given the history that SIL is going to have turn before it becomes positive). I think a sizeable investment while this climbs is advised. The inflation trade is now back on!