The chart below shows the weekly prices for IWM, an ETF that tracks the Russell 2000 small-cap index, after closing the week at $104.62 on April 3, 2020. Most charts have an easily recognizable pattern when I look at them. Due to the recent carnage in the markets, I had to zoom out to a five-year view to find any hints of what just happened and what could be on the horizon. Even on a five-year, weekly prices basis, some indicators do not help much still. The moving averages are so far away from current prices that they have become irrelevant, other than to show how much we’ve seen prices fall. In most cases, when an index or individual stock is 20% above or below its… [Read More...]
Squawk: USDCHF Aims Higher and Crude OIL Points Lower by Gregor…
USDCHF Aims Higher and Crude OIL Points Lower by Gregor Horvat USDCHF is currently recovering from the 0.9861 region giving us an idea of a possibly completed three-wave correction within wave 2… [Read More...]
How to Conserve Business Cash Flow During the Coronavirus Pandemic
In these unprecedented times, many small businesses are operating with remote staff and many others are completely shut down. No one knows how long businesses will see little or no revenue coming in. The challenge for businesses to remain viable is to continue cash flow. There are many ways to conserve your business cash flow … during these difficult times and even when the pandemic passes and the economy recovers. Business Cash Flow Conservation Strategies Find extra cash If you’re struggling to pay your bills, you may be able to get no-interest or low-cost loans through government resources. Stimulus package loans. The $2.2 trillion stimulus package — the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) greatly expands the 7(a) SBA loan program… [Read More...]
Squawk: Global equity averages stay strong Improving trade negotiations over the…
Global equity averages stay strong Improving trade negotiations over the week with positive soundings from US-Sino trade talks have sustained an intermediate-term bullish theme for global equity… [Read More...]
Minimize the Financial Impact of COVID-19 Through Effective Negotiation
Managing at-risk contracts will take discipline, mindfulness and commitment to a vision that extends beyond this moment. [Read More...]
Month End Summary – November 2019
November helped bring my account balance close to my year end goal of $100,000, but I was more conservative than I could’ve been and trailed the major indexes for the month. The good news about my conservative stance that I haven’t adjusted yet is that today, the first trading day of December, is lower and my losses are smaller than the would’ve been. My account ended November with a Net Asset Value (NAV) of $99,594.46 according to Interactive Brokers (IB) after ending October with a NAV of $98,004.64. I had a gain of $1,589.82 (~1.62%) on paper for November (less than the S&P 500’s 3.40% gain for the month and the Dow’s 3.72% gain). I had $1,837.43 in net realized … [Read More...]