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Daily Commentary – The Big 3

Quick update today as markets likely chop sideways heading into FOMC meeting on Wednesday. Dow remains on a mission to 20000 while SPX and Nasdaq were in the red. The 3 asset classes we ought to watch for potential major reversal with similar bottom patterns are 1) Gold (GLD) Marginally lower lows with improving technicals… Continue reading Daily Commentary – The Big 3

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Daily Commentary – 3 Out of 3

Another positive market reaction in equity markets following a populist movement in the world. Brexit, Trump and Italy referendum. In other words, a 100% record that the stock market would rebound strongly after the initial panic move lower. By the time markets opened, futures were already solidly in the green, as SPX closed up 13pts… Continue reading Daily Commentary – 3 Out of 3

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Weekly Commentary – The Year of Populists

First Brexit, Then Trump, Now it was the Italians who voted resoundingly against the status quo in a referendum and yet another victory for the populists’ movement across the globe. Consequently, “Italy’s main opposition parties called for early elections as soon as Italian Premier Matteo Renzi conceded defeat in Sunday’s key referendum vote, announcing he… Continue reading Weekly Commentary – The Year of Populists

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Daily Commentary – Monthly Charts at Critical Juncture – Part 2

On the heels of better than expected GDP number, US markets opened with a positive sentiment before grinding sideways to close slightly up on the day with SPX +3pts while the Dow +23pts. Quite simply, from technical perspective no new development in the daily charts for the major indices. Though worth noting for the SPX,… Continue reading Daily Commentary – Monthly Charts at Critical Juncture – Part 2