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In this instalment of our series explaining the rudiments of Technical Analysis, we explore support and resistance further, showing examples of a number of generally held T.A. principles. We also introduce the concept of trend, which along with support and resistance, is one of the foundations of technical trading. Test and practice your investment strategies
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The Federal Reserve has toyed for years with opening something called a standing repo facility to prevent short-term rates markets from blowing up. Following a 2019 disruption and another early in the pandemic, the central bank finally took that step. The permanent repurchase-agreement facility, one for domestic firms and another for foreign ones, will backstop
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The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by tax dodgers in the form of digital coins will no longer evade seizure
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Dubai-based mobility company Swvl said Wednesday that it plans to go public through a reverse merger with Queen’s Gambit Growth Capital. The special purpose acquisition company is led entirely by women.  Founded in 2017, Swvl provides ridesharing services in emerging markets that don’t always have reliable public transportation. Unlike ride-hailing services that focus on one-off
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In this article MCD BA PFE SPOT SHOP-CA AAPL Check out the companies making headlines before the bell: McDonald’s (MCD) – The restaurant chain reported adjusted quarterly earnings of $2.37 per share, compared to a $2.11 consensus estimate, with revenue also topping Wall Street forecasts. U.S. same-store sales surged 25.9% while global comps were up
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As workers trickle back to offices across the U.S., many employers may be seeking ways to encourage in-person interaction among employees who’ve worked remotely for 16 months. They would be interested to know about the forecast recently put forth by architecture, design and strategy firm NELSON Worldwide. Its prediction: The future office will evolve to
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Our second video with David Jones focuses on the relationship between fear, anxiety and the amount of risk traders should tolerate. We talk about the critical points in time when a trader has to decide whether to close or keep an open position. Managing emotions at these junctures is as important as finding good entry
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Municipals were slightly firmer in secondary trading while new-issues were repriced to lower yields from initial pricing wires. U.S. Treasuries were stronger and equities sold off ahead of the FOMC meeting Wednesday. The current market technicals combined with a slowdown in issuance is creating a general malaise in the municipal market, according to a New
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“Have you seen the price of taco seasoning lately?” Thus began my most recent conversation with Kelly Brown, CEO of The American Deposit Management Co. (ADM). Kelly admitted she rarely looks at prices in the supermarket, but when she saw a package of taco seasoning priced at $1.79, she was taken aback. Kelly and I
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