A Stock Market Hunkered Down After Green Shoots Slam Into New Downtrend – Above the 40 (April 3, 2020)

AT40 = 4.6% of stocks are trading above their respective 40-day moving averages (DMAs) (28th oversold day)AT200 = 5.1% of stocks are trading above their respective 200DMAs (new low for the oversold period)VIX = 46.8Short-term Trading Call: cautiously bullish Stock Market Commentary First, another dose of hope and a light reminder of the seriousness of … Read more

Forex Critical: The End of A Parabolic Surge for the British Pound

Traders have thoroughly beaten up on the U.S. dollar (USD) for the last six weeks. In the past week, the selling accelerated again in the wake of commentary from U.S. Treasury Secretary Steve Mnuchin that the U.S. welcomes a weak currency because of its positive impact on U.S. exports. The British pound (FXB) is one … Read more