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                        Amazon Has A Long Track Record Of Failures

HH Amazon Has A Long Track Record Of Failures

Analysts give Amazon.com Inc. (Nasdaq: AMZN) a lot of credit these days. The company can single-handedly alter a business environment overnight … or at least that’s what analysts would lead you to believe. Amazon’s latest market-moving announcement was that it was close to deciding on entering the online pharmaceutical drug marketplace. Let me repeat that. Amazon is […]
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                        IMF Raises Global Economic Outlook For 2017 And 2018

E IMF Raises Global Economic Outlook For 2017 And 2018

The IMF, in its World Economic Outlook, raised the global economic outlook for 2017 to 3.6% and to 3.7% for 2018. This was a slight upgrade from the previous estimates of 3.5% and 3.6% respectively. The IMF’s World Economic Outlook report is released twice a year. In its report, the IMF said that the global […]
The Harsh Truth About Gold

The Harsh Truth About Gold

Is gold dead? Over the last three years, the SPDR Gold Shares ETF (GLD) has lollygagged in a sideways direction. I’d honestly rather watch paint dry than analyze a gold chart. Given such an uninspired performance, I don’t believe that gold warrants a major weighting in your portfolio. Of course, my assertion above constitutes sacrilege […]
Sensex Trades In Red; Bank Stocks Top Losers

Sensex Trades In Red; Bank Stocks Top Losers

After opening the day in the red, share markets in India have traded on a volatile note and are presently trading below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the capital goods sector and stocks in the realty sector witnessing maximum buying interest, while stocks in the banking sector are leading the losses. The BSE Sensex is […]
The Distribution Of Returns The Randomness Embedded In Them

The Distribution Of Returns The Randomness Embedded In Them

As traders, one of the most important traits we can adopt is humility. We have to embrace our fallibility. Markets are complex systems. We cannot know all the relevant variables and causal relationships. Therefore, when we make a market prediction or place a trade, we can’t truly know if the subsequent outcome occurred for the reasons we believed, […]
Above The 40 – A Quiet Bearish Divergence Out Of Overbought Territory

Above The 40 – A Quiet Bearish Divergence Out Of Overbought Territory

AT40 = 69.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended 12 straight days overboughtAT200 = 59.7% of stocks are trading above their respective 200DMAsVIX = 9.9Short-term Trading Call: bullish (see caveats below) Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), slipped below the overbought threshold […]
Gold Snaps Six-Day Winning Streak

Gold Snaps Six-Day Winning Streak

Gold prices moved lower on Monday as the dollar clawed back some of its recent losses. In economic news, the Federal Reserve Bank of New York reported that manufacturing activity in the region jumped to 30.2 from 24.4 a month earlier. The XAU/USD pair is currently trading at $1294.15, slightly lower than the opening price […]
U.S. Bancorp (USB) To Report Q3 Earnings: What’s In Store?

U.S. Bancorp (USB) To Report Q3 Earnings: What’s In Store?

U.S. Bancorp (USB – Free Report) is scheduled to report third-quarter 2017 results on Oct 18, before the opening bell. The bank’s revenues and earnings are anticipated to be up year over year. Why a Likely Positive Surprise? Our proven model shows that U.S. Bancorp is likely to beat on earnings in the third quarter. This is because […]
USDCAD Daily Analysis – Tuesday, Oct. 17

USDCAD Daily Analysis – Tuesday, Oct. 17

USDCAD moved sideways in a trading range between 1.2433 and 1.2598. A breakdown below 1.2433 will confirm that the upside movement from 1.2061 had completed at 1.2598 already, then the pair would find next support at 1.2300, followed by 1.2061. On the upside, a breakout of 1.2598 resistance will indicate that the uptrend has resumed, […]
EUR/USD Builds ABC Zigzag In Expanded Wave 4

EUR/USD Builds ABC Zigzag In Expanded Wave 4

EUR/USD 4 hour The EUR/USD has made a bearish bounce away from the resistance trend line (orange) which therefore makes a bullish ABC (purple) zigzag within a wave X (pink) correction more likely in an ongoing and extended wave 4 (light purple). 1 hour The EUR/USD is building an ABC (blue) correction within the larger […]