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Mountain Tech Analysis

Tag: resources

  • Bitcoin is overbought

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    The technical reason behind Bitcoins momentum could be due to the fact that its been overbought ,as the trend line suggests in our chart.Its due for a correction to follow the upwards trend from the trend medium price of $55-60,000.

    At its trend peak it hit over $70,000.

    Now it’s priced at $61,450. A significant 15% in the past 7 days. For the investors that bought at the peak , it represents a steep drop in their portfolio.

  • Economic Indicators

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    Economic Indicators

    From the book: The traders guide to Economic Indicators

    Economic indicators are very important in economic analysis because they can be used to predict future prices of currencies and forecast the economic and financial outlook for the nation’s economy.The mentioned indicators below are from the USA.

    Coincident Index (metric which shows the current state of economic activity within a particular area)

    • Number of Employees on non-agricultural (nonfarm) payrolls (in thousands)
    • Personal Income less transfer payments (nominal rate in Billions of chained 2005 dollars)
    • Industrial Production Index (2007=100)
    • Manufacturing and Trade Sales (in millions of chained 2005 dollars)

     

    Leading Index (a measurable economic factor that changes before the economy starts to follow a pattern or trend. Leading indicators are used to predict changes in the economy, but they are not always accurate., Investopedia definition)

    • Average Workweek, production workers, manufacturing
    • Average weekly initial claims for unemployment insurance
    • Manufacturers new orders for consumer goods and materials
    • ISM new orders index
    • Manufacturers new orders for non-defence capital goods (excluding aircraft)
    • Monthly building permits for new private housing
    • Stock prices
    • Leading Credit Index, M2 money supply prior to 1990
    • The interest rate spread between the 10-year Treasury bond and the Federal funds rate
    • Average Consumer expectations for economic conditions

    Lagging Index (is a measurable economic factor that changes only after the economy has begun to follow a particular pattern or trend.

    • Average duration of Unemployment
    • Ratio of manufacturing and trade inventories to sales
    • Manufacturing labour cost per unit of output
    • Average prime rate
    • Commercial and Industrial Loans outstanding
    • Ratio of consumer instalment credit to personal income
    • Changes in the consumer price index for services

     

    Sites

    • Employment:

    Bureau of Labor Statistics

    • Personal Income and Analysis

    Bureau of Economic Analysis

    • Industrial Production and Capacity Utilisation Report

    Federal Reserve Board

    • Manufacturing, Trade Inventories and Sales

    Department of Commerce

    • New Residents Construction Report

    US Department of Housing and Urban Development

    • Survey of Consumers

    Michigan’s Survey Research Centre

    • Manufacturing Business Report

    Institute for Supply Management