Blogs

<p>Greed has given way to Fear? Or buyers of American stocks finally remembered the phrase “Where, where, are you crazy?” and see the light? Well, the S&amp;P 500 cannot grow indefinitely when industrial production collapses at the fastest pace since the Second World War, and retail sales – from the beginning of accounting in 1992.

<p>WTI crude slipped below the $20 a barrel for the first time in a move that has been more sustainable than we have seen previously, after the IEA said that the global oil demand will slump 9% this year, meanwhile the oil storage will be full by mid-2020. It again comes back to the simple […]

<p>Global risk appetite deteriorates as ugly economic data added to weak bank earnings confirm that a sizeable recession is knocking on the door. US banks are increasing their bad-loan provisions to record levels on fear that credit-card holders and businesses may not pay back their interests and loans. Still, trading revenues for Goldman Sac

<p>Pivot</p> <p>&nbsp;(invalidation): 19.75 </p> <p>Our preference</p> <p>Long positions above 19.75 with targets at 20.90 &amp; 21.45 in extension.</p> <p>Alternative scenario</p>

<p>&nbsp; </p> <p>Pivot</p> <p>&nbsp;(invalidation): 15.5300 </p> <p>Our preference</p> <p>Short positions below 15.5300 with targets at 15.2500 &amp; 15.1100 in extension.</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1728.00 </p> <p>Our preference</p> <p>Short positions below 1728.00 with targets at 1706.00 &amp; 1696.00 in extension.</p> <p>Alternative scenario</p>