Timing & trends

5-Questions Bulls Need To Answer Now

Posted by Lance Roberts

on Tuesday, 31 March 2020 10:06

“From a purely technical basis, the extreme downside extension, and potential selling exhaustion, has set the markets up for a fairly strong reflexive bounce. This is where fun with math comes in.

As shown in the chart below, after a 35% decline in the markets from the previous highs, a rally to the 38.2% Fibonacci retracement would encompass a 20% advance.

Such an advance will ‘lure’ investors back into the market, thinking the ‘bear market’ is over.”

So, is the bear market over? 

Are the bulls now back in charge?

Honestly, no one knows for certain. However, there are 5-questions that “Market Bulls” need to answer if the current rally is to be sustained.

These questions are not entirely technical, but since “technical analysis” is simply the visualization of market psychology, how you answer the questions will ultimately be reflected by the price dynamics of the market.

Let’s get to work….CLICK for complete article

Oil Falls To $20 For First Time In Nearly Two Decades

Posted by Tsvetana Paraskova

on Monday, 30 March 2020 10:56

Oil prices plunged on Monday to their lowest levels in eighteen years, below $20 per barrel, as the coronavirus pandemic continues to cripple global oil demand with no signs of Saudi Arabia backing down on its promised supply surge.

At 11:25 a.m. EDT on Monday, WTI Crude had plunged to the $20 mark—and traded at $20.29, down by 5.67 percent on the day. Brent Crude prices had tumbled below $26—at $25.71, down by 8.01 percent today. Oil prices have lost more than 60 percent so far this year and hit on Monday their lowest level since 2002 as travel restrictions and lockdowns in major economies wipe out millions of barrels of oil per day of global oil demand…CLICK for complete article

The Road to Canada’s COVID-19 Border Failure

Posted by David Staples, The Edmonton Journal

on Saturday, 28 March 2020 17:55

When the COVID-19 crises first hit in late January, Ottawa MPs of all political stripes weren’t satisfied with the federal government’s assurances that Canada had the problem under control.

For the next two months — until major changes were made at last to our border policy in late March — the Liberal, Bloc, NDP and Conservative MPs dug into that border policy, asking numerous probing questions, examining the motives and reasons behind the initial and unyielding federal response in those two months.

Here is a detailed timeline of the questions those MPs asked and the answers they got in the House of Commons and at Parliamentary health committee meetings.

Also included in the timeline — as a contrast to the approach taken by the Canadian federal government — are the actions taken by the government in Taiwan (compiled byDr. Jason Wang et al), a nation that has so far successfully slowed the spread of the virus, despite close travel and economic ties to China, and despite being expected to have the second biggest outbreak of the virus… CLICK for the complete article

The One Thing – Playing The “Bear Market” Rally

Posted by Lance Roberts

on Friday, 27 March 2020 9:57

The “ONE Thing” you need to do TODAY, right now, is “accept” where you are.

What you had, what was lost, and the mistakes you made, CAN NOT be corrected. They are in the past. However, by hanging on to those “emotions,” we lock ourselves out of the ability to take actions that will begin the corrective process.

Let me dispel some myths…..CLICK for complete article

The Oil Price War Won’t Dethrone The Dollar

Posted by Alex Kimani

on Friday, 27 March 2020 9:47

With the oil price war between Saudi Arabia and Russia showing no signs of relenting, some analysts are now warning that the standoff could extend much longer.  Saudi policy now appears to revolve around inflicting pain on both OPEC and non-OPEC producers over the short term, with a long-term view to returning to its former role as the swing producer and price setter.

With the Arab nation recently claiming that it’s ‘very comfortable’ with $30 oil, it might make good on its threat to maintain a 12 million bpd output clip for a whole year with minimal increase in spending by drawing upon its considerable reserves.

Given this backdrop, some pundits are now beginning to seriously consider the specter of a collapse by the decades-old petrodollar system. With Saudi Arabia–a key U.S. ally upon which the petrodollar was founded–having thrown the gauntlet on the U.S., a collapse by the petrodollar system could mean mass devaluations across major oil-producing regions.

But what are the odds that this could become a reality any time soon? CLICK for complete article

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