For months, many people have been saying the U.S. stocks are overvalued. However, all the major indices just kept moving higher without looking back at all. Here we are with yet another signal that suggests the momentum may stall in the near future. That signal is the RSI – relative…
Month: October 2017
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 10
2 trades have been triggered since the last update. 1 loss and 1 trade remains open. The total realized loss is $222. Last week, we ended at $2033 in profit minus interests and fees. After the losses this week, that brings our total net profit to $1811 minus interests and…
Delta: Buy Our First-Class Seats
Delta does not really want to give the frequent fliers the first-class seats. It wants customers to pay for them. Delta CEO, Ed Bastian, said that any business where you give the majority of your best product away for free doesn’t work. Delta said back in 2010 that monetization of…
The September Non-farm Payrolls: Uneventful
The September non-farm payrolls numbers came out at 8:30 AM Eastern and the FOREX markets were unimpressed. There was little movement after the numbers came out. The euro dipped a little bit, but recovered soon after the news about another round of the missile tests from North Korea over the…
The Euro Is Back to 1.17
Not very much news today and the euro is quietly drifting back to the 1.17 handle. The non-farm payrolls tomorrow could be key to whether the euro bullish momentum can continue.