History shows that election of a Republican president following a
two term Democrat president does not go well during the first nine
months of his Presidency. Changes in Washington move slower than
anticipated and the President’s mandates are delayed. Thereafter, a
bull market in the U.S. ensues and the Canadian equity market goes
along for the ride.
On a downward trend,the largest bounce when you see a rally that
exceeds the previous ones,that's a break in symmetry and you can
expect to see a higher low form on the next pullback.Would you also
see more volume on the next higher low?
Energy.
There is still a massive glut in the oil market. The summer
driving season is coming and demand is going to pick up by 1
million barrels. The problem is now April, May and June. US storage
is at record levels, way above the five-year average. OPEC is
hoping that with their 1.2 million barrel cut and the continuation
of that cut through to the end of the year, that million barrels
will allow things to grow in and begin to start to see inventories
globally come down. In his opinion, OPEC is able to cut another 2
million barrels a day. In the past, when they made cuts, it hasn’t
been one cut that has worked, it has been 3 or 4 cuts between a
total of 3 and 5 million barrels. Also, risk premiums are coming
back. 10-15 years ago there was a $5-$6 a barrel premium because of
worries about the Straits of Vermouth, the Straits of Molokai,
Yemen, etc. OPEC is hoping that the non-OPEC supply will give some
credence and cut back, which to him it is a nonsensical idea. US is
not cutting back. Canada is not cutting back. Mexico won’t cut
back. Britain won’t cut back. They are hoping Russia will agree.
The government of Russia is saying they are cutting back, but the 2
largest Russian players are selling every barrel they can.
The Federal Energy Regulatory Commission has approved the Dakota
Access Pipeline due to start production of 480,000 barrels per day
starting May 14.This will add to the oil glut.
Another incident highlighting just how centralized our online world
has become—and how fragile it can be: yesterday Amazon Web Services
experienced a cascade of system failures at its Virginia data
centre. AWS is, of course, the hugely successful cloud computing
arm of the online retailer—thought to account for more than 30% of
the market—and millions of businesses rely on Amazon’s
services. AWS boasts that its customers can count on 99.99%
uptime,
but if something goes wrong…
Its failures become amplified to a destructive degree. In the case
of AWS, that .01 percent of the time when your data isn’t available
means that over a third of the internet ceases to function well.
Amazon won’t say how many cloud computing customers it has or the
exact percentage of internet traffic that’s affected when an error
happens. But Tuesday’s outage showed that it could bring entire
networks of websites grinding to a halt.
The community is delayed by three days for non registered users.
AMAZING
S&P 3% Drawdown Stata
Posted by polish1 on 17th of Oct 2017 at 12:21 pm
AMAZING
http://stockcharts.com/h-sc/ui Nice move on apple
Posted by polish1 on 16th of Oct 2017 at 02:42 pm
http://stockcharts.com/h-sc/ui
Nice move on apple
Audio runs only 3minutes on
SPY Pro system probable long today via breakout trade
Posted by polish1 on 13th of Sep 2017 at 09:12 pm
Audio runs only 3minutes on the original player,had to use the new player for the rest of the newsletter.
Awesome!!
Eclipse Photo
Posted by polish1 on 22nd of Aug 2017 at 02:55 pm
Awesome!!
History shows that election of
Posted by polish1 on 8th of Aug 2017 at 09:30 am
History shows that election of a Republican president following a two term Democrat president does not go well during the first nine months of his Presidency. Changes in Washington move slower than anticipated and the President’s mandates are delayed. Thereafter, a bull market in the U.S. ensues and the Canadian equity market goes along for the ride.
Thanks Steve
TSX earnings data?
Posted by polish1 on 4th of Aug 2017 at 02:59 pm
Thanks Steve
TSX earnings data?
Posted by polish1 on 4th of Aug 2017 at 02:20 pm
Doesn’t anyone here know of a site where you can type in a $TSX stock symbol and simply get an earnings date?
GDEN
Posted by polish1 on 4th of Aug 2017 at 11:07 am
Nice upward move on Golden Entertainment
earnings Aug 1 for GDEN
GDEN and CVRS look like they could move again not ...
Posted by polish1 on 26th of Jul 2017 at 10:21 am
earnings Aug 1 for GDEN and Aug 2 for CVRS
Question on Symmetry,,,,,,Steve
Posted by polish1 on 14th of Jul 2017 at 03:42 pm
On a downward trend,the largest bounce when you see a rally that exceeds the previous ones,that's a break in symmetry and you can expect to see a higher low form on the next pullback.Would you also see more volume on the next higher low?
Neighbours: Explaining Canada Day to America
Posted by polish1 on 30th of Jun 2017 at 11:51 am
https://youtu.be/biq0NAF2e60
Nice observation Steve
TORCHLIGHT ENERGY RES
Posted by polish1 on 6th of Jun 2017 at 01:36 pm
Nice observation Steve
TORCHLIGHT ENERGY RES
Posted by polish1 on 6th of Jun 2017 at 11:59 am
Nice move up 11%
There is audio problems starting
LTBR Updated View
Posted by polish1 on 1st of Jun 2017 at 07:57 pm
There is audio problems starting from chart #44
Congrats
Graduation Photo Late Night
Posted by polish1 on 26th of May 2017 at 09:36 am
Smart looking young boys.
Any U.S. dollar gains or
VIX going back to 10 again for a double bottom?
Posted by polish1 on 24th of May 2017 at 02:58 pm
Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability
Comment on energy
Posted by polish1 on 9th of May 2017 at 06:07 pm
Energy. There is still a massive glut in the oil market. The summer driving season is coming and demand is going to pick up by 1 million barrels. The problem is now April, May and June. US storage is at record levels, way above the five-year average. OPEC is hoping that with their 1.2 million barrel cut and the continuation of that cut through to the end of the year, that million barrels will allow things to grow in and begin to start to see inventories globally come down. In his opinion, OPEC is able to cut another 2 million barrels a day. In the past, when they made cuts, it hasn’t been one cut that has worked, it has been 3 or 4 cuts between a total of 3 and 5 million barrels. Also, risk premiums are coming back. 10-15 years ago there was a $5-$6 a barrel premium because of worries about the Straits of Vermouth, the Straits of Molokai, Yemen, etc. OPEC is hoping that the non-OPEC supply will give some credence and cut back, which to him it is a nonsensical idea. US is not cutting back. Canada is not cutting back. Mexico won’t cut back. Britain won’t cut back. They are hoping Russia will agree. The government of Russia is saying they are cutting back, but the 2 largest Russian players are selling every barrel they can.
The Federal Energy Regulatory Commission has approved the Dakota Access Pipeline due to start production of 480,000 barrels per day starting May 14.This will add to the oil glut.
Healthcare
Posted by polish1 on 23rd of Mar 2017 at 09:30 pm
CNN announces that the house will vote on healthcare act on Friday morning?
When Amazon breaks, so does the Internet
Posted by polish1 on 1st of Mar 2017 at 09:59 am
Another incident highlighting just how centralized our online world has become—and how fragile it can be: yesterday Amazon Web Services experienced a cascade of system failures at its Virginia data centre. AWS is, of course, the hugely successful cloud computing arm of the online retailer—thought to account for more than 30% of the market—and millions of businesses rely on Amazon’s services. AWS boasts that its customers can count on 99.99% uptime, but if something goes wrong…
Chrome
My Chrome tells me that connection to breakpointtrades.com is not ...
Posted by polish1 on 1st of Mar 2017 at 09:52 am
Using chrome this morning and it is fine.