What is money? Dollars, Euros, Pesos; they are all forms of value. Money in its most simple state is just a means of transferring value from one individual to another. For money to be money it needs to be: A unit of account A store of value A medium of exchange We like our money … Continue reading How I View Money
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Market update: Dollar, Gold, 10Y, SPX and BTC
Dollar After breaking out through the Nov-April resistance of 97.70, the Dollar Currency Index (DXY) ticked to ~98.40 on two occasions and is currently selling down for a possible retest of prevailing support. Often we see resistance turned into support after a technical breakout, watching 97.50-97.70 to confirm the up-trend. As for the components of … Continue reading Market update: Dollar, Gold, 10Y, SPX and BTC
Can It Happen Again?
Regardless of your fundamental view on Bitcoin, you should still be asking yourself "Can it happen again?". I first started learning about cryptocurrencies and blockchain back in the spring of 2017. I cant quite remember where I first found out about Bitcoin but at that time there was little hype and the price was just … Continue reading Can It Happen Again?
Don’t look now but Bitcoin is …rallying?
No doubt that cryptocurrencies throughout 2017 were a massive bubble of euphoria and unrealistic promises of unlimited application and disruption. In December of 2017 Bitcoin peaked just shy of $20,000 USD and throughout 2018 saw a decline of ~80%. Bitcoin fared well in comparison to most of its peers, with Ethereum (ETH), Ripple (XRP) and … Continue reading Don’t look now but Bitcoin is …rallying?
Dollar Euro Gold
The Dollar breaks out against Euro as ECB flips On Thursday the ECB flipped. After Powell lead the way in January it was about time for Mario to follow suit. After announcing a few dovish policy decisions and most notably that rates would remain unchanged until the end of 2019, the Euro sank to levels … Continue reading Dollar Euro Gold
The Short Side
After 19%+ in two months, oversold conditions have run overbought. So far to be short in 2019 has been a less than fruitful venture, to say the least. Since Christmas day the S&P500 took off and never looked back. Breaking through 2,500 2,600 2,700, and while closing above 2,800 a couple times in the past … Continue reading The Short Side
The Week Ahead
On Friday the S&P500 closed within ~10 points of the previous week, marking little action as the index pressed up against the 2,800 resistance. Treasuries sold off slightly with the 10 Y hitting 2.759%. Treasury spread on the 5-30 hit its highest in more than a year at 58 basis points. Gold ended a bullish … Continue reading The Week Ahead
The Powell Put in Action
The January 30th FOMC press conference was greatly anticipated by market participants, generally looking to see how dovish Powell could get in the light of uncertain financial conditions and signs of a global slowdown. This is a recap of last meeting: Language: Powell starts off his conference indicating that the "economy is in a good … Continue reading The Powell Put in Action
SPX top, Treasuries and Dollar Rally subdue GOLD
SPX Topping; a new lower high This week has been less exciting for equities as the major indices have failed to rally above last Fridays highs. As we look at the S&P 500 its easy to see that overhead resistance is becoming a large contributor to the days price action. Lets remember that in high … Continue reading SPX top, Treasuries and Dollar Rally subdue GOLD
