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Stocks To Watch: BC, KMT, CTLT

Stocks To Watch: BC, KMT, CTLT

Today’s stock picks Short Brunswick (BC) Short Kennametal (KMT) Long Catalent (CTLT)
The Weekend Walk Through

The Weekend Walk Through

Were you prepared for this action today? At chartfreak, we have been selectively buying Miners and other commodity stocks for weeks, and discussing the bullishness in this sector, despite many articles expressing concern over it. I’m opening up the weekend report, because we have been expecting this break out in Gold for weeks now. I […]
Kospi, Nikkei Fall As Market Ponders Whether They’ll Be A Tomorrow Or Not

Kospi, Nikkei Fall As Market Ponders Whether They’ll Be A Tomorrow Or Not

Ok, so just a quick update as everyone tries to sort out exactly what the hell happened a couple of hours ago when the second-most unhinged leader on the planet decided to fire a missile over Japan. Bloomberg notes that Japan CDS is leaking wider: JAPAN CDS 1-2BPS WIDER AT 43.5BPS AFTER NORTH KOREA MISSILE […]
EURUSD Daily Analysis – Tuesday, Aug 29

EURUSD Daily Analysis – Tuesday, Aug 29

EURUSD remains in the uptrend from 1.1662. Further rise could be expected in a couple of days and next target would be at 1.2165 area. Near term support is at 1.1900, as long as this level holds, the uptrend will continue. Key support is at the bullish trend line on the 4-hour chart, only a clear […]
Goldman Says Hurricane Harvey Will Reduce Q3 GDP; JPMorgan Says It Will Boost It

Goldman Says Hurricane Harvey Will Reduce Q3 GDP; JPMorgan Says It Will Boost It

There are still two to three days before the peak flooding – and damage – in Houston arrives, yet already Wall Street is trying to calculate how much the worst natural disaster in decades befalling the 4th largest American city will impact US GDP. Or rather boost it, because in two notes out late in […]
Deep Purple

Deep Purple

Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB) DOW – 5 = 21,808 SPX + 1 = 2444 NAS + 17 = 6283 RUT + 4 = 1382 10 Y – .01 = 2.16% OIL – 1.06 = 46.81 GOLD + 18.70 = 1310.50 Top Cryptocurrencies   Name Symbol Market Cap Vol. Total Vol. % Price […]
Harvey Sinks Oil Prices, Stocks, & ETFs, Sends Gas Prices Higher

Harvey Sinks Oil Prices, Stocks, & ETFs, Sends Gas Prices Higher

Hurricane Harvey sunk U.S. crude prices by 2.44% on Monday after the massive storm forced closures at multiple refiners in the Gulf of Mexico. Harvey, which began last Friday and caused devastating floods in the Houston area, helped send oil prices lower on Monday. U.S. crude oil futures closed at roughly $46.70 a barrel, their lowest […]
Gold Approaching Neckline Of Reverse Head & Shoulders

Gold Approaching Neckline Of Reverse Head & Shoulders

It looks like a a massive reverse Head & Shoulders formation could play out nicely if Gold can break and hold above its neckline (and converging 40% Fibonacci retracement level) around 1376, as shown on the Monthly chart below. Longer term, we could see an eventual run up to converging major price and 60% Fib retracement resistance around 1600. Watch for, […]
Ka-BOOM!

Ka-BOOM!

I don’t think there’s ever been a single stock I’ve suggested as a short more than Finish Line (FINL). My poor tastytrade viewers probably got sick to death of hearing about it, but it’s one of the most amazing topping patterns I’ve ever seen, and given how far it’s fallen, I doubt anyone’s bitching about […]
Bullish Trade Setups That I Am Following This Week

Bullish Trade Setups That I Am Following This Week

Such a dull market. If you are losing your mind watching the ticks, go outside, take a walk, and come back in. You probably won’t miss anything.  Since the gap higher, the bears are trending this market lower, but very slowly, and without any enthusiasm.  I have a slight, short bias towards this market right […]