Wednesday, January 31, 2018
Tuesday, January 30, 2018
Eurozone economy growth hits highest in decadeGrowth in the eurozone shot up in 2017, putting Europe at the centre of a global recovery and on par with levels of expansion not seen since before the financial crisis, according to figures released on Tuesday.
Amazon joins with Berkshire Hathaway, JPMorgan to form health-care companySEATTLE — Amazon, Berkshire Hathaway and JPMorgan Chase said on Tuesday that they would form a health-care company aimed at lowering the cost of care for their U.S. employees and reducing costs to the companies.
Thursday, January 25, 2018
US Senate confirms Jerome Powell as next Fed chairmanThe US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve, putting President Donald Trump's pick in a role of enormous influence over the world's largest economy.
Wednesday, January 24, 2018
Report: Wealthy Earned Enough to End Poverty in 2017Last year, the world's billionaires made over $462 billion combined, enough money to end extreme poverty around the globe seven times over. With a new billionaire added to the list nearly every two days, wealth inequality widened, according to a new report from Oxfam.
Editorial: California must not miss rare chance to increase water storageWhen Californians overwhelmingly approved Proposition 1 in 2014, voters made clear their desire for additional water storage in anticipation of future droughts. Opportunities to build significant storage occur only once or twice in a century.
China hopes to work with Japan on tiesChina said on Tuesday it hopes Japan will work together with it to develop bilateral ties along the right track, after Japan voiced its hope to improve relations. Healthy, stable development of ties aligns with the interests of both peoples and will aid regional peace and development, Foreign Ministry spokeswoman Hua Chunying said in a daily news conference after Japanese Prime Minister Shinzo Abe made a speech to parliament on Monday.
Tuesday, January 23, 2018
The gains that can be made from silver always surprise me, but its often after gold has made a move. Because of it's industrial applications silver can also move quite independently. On the daily charts Silver ETF (SLV) seems to have been hanging around the MA(144) however a few sell signals seem to be emerging.
On the weekly charts a more worrying picture emerges, and this just a few days after several posts have been made about about fantastic precious metals look. SLV appears to be coming up to a few resistance levels with a larger declining triangle going in.
Just something I noticed on the weekly charts for Lithium ETF (LIT). Lithium has shown an enormous amount of growth in the last while and as a long term investment I absolutely love it, but it appears that a bear flag has gone in at the end of this parabolic rise. Commodities in general look like they might be in for a bit of a hard time coming up so please take profits and consider some well positioned shorts with tight stops.
Fed Up With Expensive Medications, Hospitals Are Banding Together to Make Their Own DrugsFrustrated by constant price gouging and supply shortages, some of the nation's largest hospital systems are banding together to create their own nonprofit drug company. The collaboration, which currently includes about 300 different hospitals, as well as the Department of Veteran Affairs, will be dedicated towards creating generic versions of medications that have undergone major price increases in recent years.
Monday, January 22, 2018
Pence arrives in Israel after being upbraided in Egypt, Jordan for White House policiesJERUSALEM — Vice President Mike Pence arrived on relatively friendly territory in Israel late Sunday after the leaders of Egypt and Jordan, two of the America's closest Arab allies, publicly rebuked him for the Trump administration's upending of the Israeli-Palestinian peace process.
Commodities ETF DBC is putting in a solid looking sell signal. It's had a fantastic run of late but like everything else in the wider market a healthy pullback is needed. I have no idea how far this is going to go so I've drawn in some prospective support lines, but these days anything is possible. We've had a crossover on the EMA's and confirmation on the RSI(5) so if you have profits on the table please take them and perhaps consider a very small short as well!
China Says U.S. Govt Shutdown Exposes 'Chronic Flaws'China’s official news agency said in a commentary on Sunday that the shutdown of the U.S. government exposed “chronic flaws” in the U.S. political system. Funding for federal agencies ran out at midnight on Friday in Washington after lawmakers failed to agree on a stopgap funding bill.
Saturday, January 20, 2018
I Don't Think People Fully Appreciate The Significance Of This Move For The Airline Industry In The Long Run
Norway aims for all short-haul flights 100% electric by 2040All of Norway's short-haul airliners should be entirely electric by 2040, the country's airport operator said on Wednesday, cementing the Nordic nation's role as a pioneer in the field of electric transport.
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!