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Dow Jones reaches record high

Dow Jones reaches record high

The Dow Jones Industrial Average made financial history on January 25, breaking through the 20,000 barrier for the first time. The broader S&P 500 and the Nasdaq index also reached new records, bolstered by President Trump’s early executive actions on infrastructure and deregulation. The Dow Jones index broke the barrier following the president’s renewed pledge to […]
Are Interest Rates No Longer Driving The Dollar?

Are Interest Rates No Longer Driving The Dollar?

The US 10-year yield is at its highs for the year, and yet the US dollar has been struggling to gain traction. Some suggest that this means that the dollar rally is over. Charts like this one are circulating among market participants.   This Great Graphic was created on Bloomberg. The white line is the Dollar Index, […]
Switzerland’s Gold Exports To China Surge To 158 Tons In December

Switzerland’s Gold Exports To China Surge To 158 Tons In December

Switzerland’s Gold Exports To China Surge To 158 Tonnes In December Switzerland’s gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November –  a jump of 416%. According to Eddie van der Walt as reported on the Bloomberg terminal this morning, total Swiss […]
Good Results From Redstar, Gold Standard, Novo And Aton

Good Results From Redstar, Gold Standard, Novo And Aton

TM editors’ note: This article discusses penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence. As I said in early January, resource exploration companies stop putting out results from the middle of December pretty much until the middle of January knowing that most of their investors are caught up […]
USD/CAD Rooftop Pattern With Two POC Zones

USD/CAD Rooftop Pattern With Two POC Zones

The USD/CAD dropped in Asia session and it mainly trades lower during Europe and early US Session. The rooftop pattern that has been formed at the top of weekly trading range might be a sign of a bearish continuation. The first POC 1.3125-1.3152 (38.2, H4, ATR pivot, order block, trend line) might spike the price […]
Traders Finally Don The Caps

Traders Finally Don The Caps

Well it finally happened. Dow 20K, that is. And yes, there were hats – lots of hats. Photo Credit: WSJ.com After struggling with the big, round number since the middle of December, the venerable Dow Jones Industrial Average finally broke above the 20,000 level and closed Wednesday at a new all-time high of 2068.51. The […]
Basic Materials: Real Stuff Is Rising

Basic Materials: Real Stuff Is Rising

I would like to update the Basic Materials sector as this area now looks like it’s ready to resume its bull market. Also with the stock markets breaking out today, especially the INDU, this adds another layer of confirmation that the breakout is the real deal. As we’ve discussed previously there are many big cap […]
Chicago Fed: Economic Growth Increased In December

Chicago Fed: Economic Growth Increased In December

“Index shows economic growth increased in December.” This is the headline for today’s release of the Chicago Fed’s National Activity Index, and here are the opening paragraphs from the report: Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.14 in December from –0.33 in November. Three of the four […]
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                        Market Briefing For Thursday, January 26

E Market Briefing For Thursday, January 26

Technically-poised to breakout – Over the past several sessions (led by the NY Comp and NASDAQ, while Oil bears got trapped as hoped for), we got our forecast post-Inauguration ‘relief rally’ upside resumption we were pointing to with recognition that most Indexes were already at new highs, with the achievement by the Dow Industrial Average […]
Ford Motor Company Beats On Sales, Blackstone Group LP Tops Earnings Estimates

Ford Motor Company Beats On Sales, Blackstone Group LP Tops Earnings Estimates

Ford (F) and Blackstone (BX) released their latest earnings reports before opening bell this morning. Ford posted adjusted earnings of 30 cents per share on $38.7 billion in sales. Analysts had been expecting 31 cents per share and $34.99 billion in revenue. Blackstone reported profits economic net income of 68 cents per share or $1.6 […]