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Euro: It’s not Over Until The Greek Lady Sings
This past Thursday the EU agreed to lend €8.5 billion ($9.5 billion) to Greece, helping the country pull back from the brink of default. Euro zone lenders agreed to dole out the relief in 2 tranches;...
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Stock Index Shorts Have Extra Headwinds
Investment performance is often benchmarked against the performance of a stock index. You might trade your account for one year and create a return of 15% on your original account balance. If in that...
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Stock Index Traders Need to be Aware of Window Dressing
If you’ve ever watched financial news near the end of a quarter, you’ve heard the term “window dressing”. Many of the talking heads trying to explain a day or a week of market moves in a 3 minute sound...
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The Answer to the Holiday Markets Question
Occasionally illiquid markets are a fact of life for traders and this week’s fourth of July holiday is one of those holidays that causes this reality. There is a running argument among traders on...
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A Range By Any Other Name….
Ranges widen, ranges extend and ranges change angles, but they are still ranges. The tug of war that is going on with crude oil prices in 2017 is a great example of recognizing the fundamental...
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Headed For A Pounding?
If you look at a GBP/USD chart, it is very misleading. Judging by just that chart, it looks like the British pound has been slowly but steadily gaining strength since making a second run at the...
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Strong Bank Stocks Could Be Trouble For the S&P
Last week, some pretty big financial names kicked off another earnings season with some good earnings per share (eps) beats. JP Morgan, Citigroup, Wells Fargo, and PNC all reported and beat the...
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Did the ECB Just Taper?
A very large and tasty “nothing burger” happened during a very slow data week. Thursday morning, the European Central Bank (ECB) delivered their rate decision and left their marginal lending rate...
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Why the Nasdaq collapsed
Around 11:00 AM Eastern time yesterday moments after hitting a new all-time high of 5995.75, Nasdaq futures started falling and didn’t stop until they had fallen 2.5% from that recent high….all in less...
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Metals Humming Along in the Background
Gold jump closer to it’s highest level in around seven weeks on Monday. The yellow metal has now retraced over 50% of the main move down from July of 2016 to December of 2016 and over 75% of the move...
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