Advance level Wyckoff course. Prior Wyckoff knowledge is a must to understand this course. If you have no Wyckoff education get one of our other Wyckoff courses. – Why is Wyckoff important to understand market behavior – Upthrust after distribution – Volume off the bottom – The use of reverse trend lines to determine where […]
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https://pnltrading.com/course/wyckoff-simplified/ An intensive course for anyone that wants to learn or advance their Wyckoff knowledge. There are clear examples of each Wyckoff principles in the videos that are about 30 Minute in duration (some more). The purpose is to show examples of current markets with chart examples that show edges and Wyckoff principles. 1) Trading […]
S. Koreans Moon weighs in
Meanwhile Japan’s Chief Cabinet Secretary Suga says Japan and US did not discuss military options.
Corker talking too…
Sen Bob Corker has added:
A Japan spokesperson is speaking for Trump and Abe. Says:
Earlier Trump and Abe agreed by phone to strengthen cooperation on No. Korea missile programme.
Speaking in Wellington
The GBP is the strongest. While the EUR is the weakest.
As the trading day comes to a close, the GBP is the strongest of the major currency pairs, while the EUR is the weakest. That makes the EURGBP the biggest mover. Indeed it fell -…
The private oil inventory survey
– Oil +1821K vs -2485K expected
– Gasoline -1529K vs +1216K expected
– Distillates +2696K vs +459K expected
WTI crude quickly down to $57.64 from $$57.90.
Forex news for New York trade on Nov 28, 2017:
– North Korea fires ballistic missile
– S&P 500 up 25 points to record 2626
– Gold down $2 to $1292
It looks increasingly likely that Congress will pass the tax bill and that helped stocks to…
Comments from Abe
The latest reports said this missile went higher than any previous North Korean launch.
Separately, Trump said "we will take care of it" regarding the North Korean issue.
The vote could come as soon as tomorrow
The S&P 500 is up 24 points to a record 2624.
The lesson in today’s trading was to buy the North Korea dip. The index slumped with the missile in the air but jumped when it landed in the ocean.
Comments from Republican Senator Flake
It’s tough to see any way this bill isn’t passed after Corker and Johnson jumped on board.
S&P 500 up 5 points to 2606
US stocks climbed once again at the open with the S&P 500 hitting a fresh record.
Dudley delivers welcoming remarks at a Treasury conference
– New broker-dealer transaction reporting a good step
– Opaque clearing of Treasury trades a ‘major issue’ for US regulators
There’s nothing on monetary policy in these comments but Dudley and…
OPEC meets in Vienna on November 30
Indications are that OPEC members are struggling to come to a consensus on extending quotas through 2018. Last week oil hit a two year high but the failure to come to an agreement may rapidly unwind the progress.
House price data from the FHFA
– Prior was +0.7%
– +6.3% y/y
A miss on the FHFA measure but the 6.3% annual rise is certainly healthy.
US house price data from S&P CoreLogic Case-Shiller
– Prior was 5.92%
– Prices +0.52% m/m vs +0.44% prior
– National index +6.15% y/y vs +5.95% prior
US house prices are picking up nicely.
Two compelling patterns with positive risk to reward ratios pointing in the opposite directions for Sterling. See the Elliott Wave counts for GBP/USD and EUR/GBP.