Raghee Horner - SImpler Trading – Thu 7 Mar, 2019

Trade Deficit Data and Central Banks Around The World More Dovish

Raghee Hornor, Future and Currency Expert at Simpler Trading joins me to recap the growing trade deficit data as well as the Bank of Canada and ECB statements all from yesterday. As the US trade deficit continues to grow we are also seeing the central banks around the world turn more dovish. Although the Bank of Canada and ECB are on hold they are in a more dovish hold than the Fed. All this data and news needs to be filtered to determine what is driving the markets and even more so sentiment.

Click here to visit the Simpler Trading website to follow along with Raghee’s trade.


Comments:
  1. On March 7, 2019 at 8:34 am,
    larry says:

    A recent barrage of great interviews and incredable guests with excellent questions that even I might ask…

  2. On March 7, 2019 at 11:18 am,
    larry says:

    /Es doing intrday low volume test of todays higher volume lows…Will be holding off it is common for most of price dammage being back loaded into options expiration next friday…spy cross over price is now at 269……nice room to that price target…good luck? traders

  3. On March 7, 2019 at 11:51 am,
    OOTB Jerry says:

    https://www.zerohedge.com/news/2019-03-07/poetic-justice-aristocracy
    Just part of the market…….gold and silver going nowhere because of the FRAUD SYSTEM

  4. On March 7, 2019 at 5:12 pm,
    Markedtofuture says:
  5. On March 7, 2019 at 6:46 pm,
    Markedtofuture says:

    @IslandLogger posted at Ceo dot CA “Unfunded liabilities” is a euphemism for cash cows we haven’t the political will to kill off. E.g., Medicare is commonly-held to be the most critical/expensive future unfunded liability, in the US. Straw man, as the fixes are trivially-easy. How many know that 26% of every Medicare dollar gets sent to the PRIVATE insurance companies, as a subsidy to help “Medicare Advantage”, their private alternative, up & running. Americans have been paying to get Medicare Advantage “up & running” since the 1980s. We pay 26% more, for each patient in “Advantage”, and oh by the way, people go back to traditional Medicare as soon as they get seriously-ill, because traditional’s coverage is better. Ending that 26% subsidy, alone, would go a long way towards fixing Medicare’s “unfunded liability”.

    There’s plenty more. First of all, remember how the problem with ACA was that we needed more younger, healthy people to sign up? How about the deal the private insurance companies have? They get to bill Americans for 45 years, then as soon as you get old & sick, off you go to govt-run Medicare? More. Did people know Medicare pays MORE, not less, than the private insurers for many procedures and medical devices. E.g., for prosthetics & orthotics, for lab work (fluids testing), for physical therapy, etc.. Fixed-income Granny also pays, with her monthly Medicare payment, to educate every medical resident in the country, costing an average of over $600 thousand dollars for every resident trained.

    There are PLENTY of fixes for “unfunded liabilities”. Problem is, they require shoving entrenched interests away from the feed trough, and making them compete for a living.

    https://www.usatoday.com/story/opinion/2014/04/02/medicare-advantage-obamacare-cuts-editorials-debates/7222695/

    Medicare Advantage, also known as “private Medicare,” traces its roots back to the 1970s, when politicians insisted private companies could deliver Medicare benefits better and more cheaply than traditional “government” Medicare. That wasn’t a bad idea. Competition could help, and maybe private companies really could do it for less.

    But that’s not the way it worked out. By the time Obamacare was being debated in 2009, Medicare Advantage was more expensive, not less. It was getting a fat 14% federal subsidy over traditional Medicare, and insurers used some of the extra cash to gold-plate their plans, delivering goodies unavailable in traditional Medicare, such as free gym memberships, prescription glasses and hearing aids.

  6. On March 8, 2019 at 7:37 am,
    larry says:

    RSI14) beginning to diverge with lower price in most shorter time frames…This should help some bounce next week,,,,,news is not horrendous yet….if this is an intermediate top forming it will take a few more days to reveal itself…good luck to traders…/Es bounce to 2767 TAS point of control is very possible…then the market reveals its true nature

  7. On March 8, 2019 at 7:39 am,
    larry says:

    i just bought nugt today at 18.99…..it looks like a tradeable trading cycle low if nothing else…/GC needs to close over its PO at 1308.08 to prove the validity…gold up in euro yen , pound with swing lows

  8. On March 8, 2019 at 8:16 am,
    Matthew says:

    GDXJ:GDX is dealing with cloud resistance:
    http://schrts.co/irFSiYwM

  9. On March 8, 2019 at 8:20 am,
    Matthew says:

    Like I said the other day, this breakout is going to stick…
    http://schrts.co/nAUenZQf

  10. On March 8, 2019 at 8:22 am,
    Matthew says:

    SPY:GLD has filled last week’s big gap but is likely heading much lower…
    http://schrts.co/PatqePyt

  11. On March 8, 2019 at 8:27 am,
    Matthew says:

    GDX has finally turned the 89/100 week MA into support. You can see what happened after it struggled beneath it for months last spring/summer…
    http://schrts.co/vbynUgFv

    That big drop into September has bottled enough energy to push GDX much higher than the current level.

  12. On March 8, 2019 at 9:10 am,
    larry says:

    trading cycle now…A recount shows this may actually be a mild trading cycle low forming here inside a continuing intermediate cycle…..I am on the side line….The acumulation/disribution line i use has turned hard down on an intermediate time frame…so, it is confusing yet….This may prove to be a mild profit take event…good luck to traders

  13. On March 8, 2019 at 9:18 am,
    Matthew says:

    GDXJ is at speedline resistance:
    http://schrts.co/mTGnBSgu

  14. On March 8, 2019 at 9:20 am,
    Matthew says:
  15. On March 8, 2019 at 9:47 am,
    Matthew says:

    The Canadian dollar needs to close above today’s high…
    http://schrts.co/GfcaTrIB

  16. On March 8, 2019 at 9:56 am,
    Matthew says:

    Gold has some work to do:
    http://schrts.co/yQEyCYCn

  17. On March 8, 2019 at 10:13 am,
    larry says:

    /ES wide ranging daily candle…good volume down…certain to tag the lower TAS profile support at 2710…..After that either bounce or bottom……Hard to tell the future though..lol

  18. On March 8, 2019 at 10:48 am,
    Charles says:

    AXU is looking great today. I show that it gapped above long term resistance today. The weekly looks pretty good too and all the indicators are starting turn up.All the indicators are turning up. Still some room on the weekly RSI so probably one more move up looks like is in the cards. Leader of the junior silver miner pack just like in 2016. Just my two cents FWIW.

  19. On March 8, 2019 at 10:52 am,
    Matthew says:

    GDXJ has some resistance in the 32.50 area…
    http://schrts.co/DkxiIWUv

  20. On March 8, 2019 at 11:07 am,
    larry says:

    WOW..jnug is wildly outperforming nugt to upside…always like to see speculative shares move on out at a moves beginning…me likes what i see!

  21. On March 8, 2019 at 11:09 am,
    larry says:

    watch for big volume buys at close on purchases to balance the books…looks like a real move thus far