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Continue reading →: Gold might not be ready to rally just yet
Last weak gold was trying to break its famous multi-month long resistance trendline (see below) and many gold bulls/bugs were getting excited. Over a long term I think gold is a great store of value, but in short term I wouldn’t be surprised if it sells off from the current…
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Continue reading →: USDCAD pointing to crude oil rally
Had you asked me a few months ago what do I think where oil might go, being quite a vocal bear, I’d say that the only way is down. Even when WTI was breaking above 52.00 USD/bbl level and hedge funds have built a record long position, I was very…
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Continue reading →: S&P 500 approaching an important resistance… Is this rally about to end or continue?
S&P 500 rallied and finished strong this week as anticipated. I wrote about the necessary help from broader market participation in last week’s post, and we got it. But what next? Let me present you arguments for and against this rally and what to look for going forward.
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Continue reading →: S&P 500 needs help from broader market participation
This week SPX closed at all time highs and it broke above it’s 3 months trading range. New all time highs is a characteristic we see in bull trends. Now the question is, can we see this move to be extended or rejected. In this post I would like to…
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Continue reading →: Brazil’s plunge and what can we learn from it?
This week I would like to write about Brazil and it’s stock market. Most of you are probably aware, that the market opened with a nasty gap down of around -17% on Thursday the 18th of May. I was long EWZ, Brazilian ETF and of course I was down on this…
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Continue reading →: Buy platinum and sell palladium?
I will start with posting my two tweets this Sunday. https://twitter.com/domenbutala/status/863857138959089667 So what is current positioning in these two precious metals and why should be care?
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Continue reading →: Eurodollars & emerging markets to rip higher?
Mentioned products: ED, SPX, EEM, EWZ, EXY, This weekly overview I’d like to dedicate to Eurodollar bond futures and emerging markets. Few weeks ago I wrote that bonds could move higher (the opposite is true for rates); at that time I wrote about TLT ETF which is probably one of the…
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Continue reading →: Can Le Pen win & could European equities start outperforming?
Mentioned products: SPX, EuroStoxx, DAX30, CAC40, IBEX35, MIB40, GREK, EURGBP I would like to dedicate this week’s weekly overview to Europe and French election because it’s quite important event for global political and economic situation and therefore for financial markets as well. My question this week is, can Le Pen win…
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Continue reading →: Weekly overview 30.04.2017
Mentioned products: SPX, RUT, NDX, SX5E, AUDUSD, NZDUSD, CL, RBS It’s so hard to write something really exciting in the equity indices space right now. Sure, I think we can expect another move higher some time, but are we first on a course to fill those nasty gaps with some…
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Continue reading →: Real test for US dollar bulls!
In the latest weekly overview I wrote EURUSD is a hot mess. Price action this week confirms the ‘hot mess’ theme. EURUSD contributes the biggest weight in the US dollar index and thus we could say DXY is a hot mess as well. DXY is trading at an important technical…
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