US Dollar, Gold, Silver, GDX & Marijuana Stocks

In addition to investment grade bonds (treasuries, munis & BBB+ rated corporate bonds) which were covered in yesterday's post, a few other potential bottoming plays that stand out at this time are gold, silver & the related mining stocks, cannabis stocks and some the major currencies (vs. the US Dollar) such as the Euro, Yen, [...]

GBP/USD Outlook

The GBP/USD (British Pound/US Dollar) pair appears to be forming a basing pattern (blue box) in which an upside break appears the most likely resolution. A solid break above the 1.35 level would likely trigger a move back up to the 1.40 level. The ETF, FXB, is an alternative option for long exposure to the [...]

Jul 14, 2016 10:34am|Categories: Forex (Currencies)|Tags: , |4 Comments

Market Overview 6-24-16

The video starts with a brief overview of the Pound Sterling/US Dollar (GBP/USD) currency pair followed by an overview of the US equity markets & wraps up with some comments on trading strategies, including some considerations on when to book profits vs. letting a profitable position run. note: It might take a few minutes after [...]