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Market Talk – April 20, 2017

Market Talk – April 20, 2017

Financials, energy, and resources took Asian markets weaker early in the sessions but had reversed all by the close with only the Nikkei not managing a gain. The Yen lost a lot of momentum today having faded the 108.00 level and late this US evening plays around the 109.40 range. Data released from China has […]
Shorting Euro Today…Cautiously…

Shorting Euro Today…Cautiously…

Quotable “Come what may, all bad fortune is to be conquered by endurance.” –Virgil Clarity in the currency markets of late has been cloudy at best.The competing rationales continue to be: 1) End of the Trump reflation trade and therefore the US dollar has peaked: or 2) It wasn’t necessarily the reflation trade (which still may […]
USDCAD – Top Of The Range?

USDCAD – Top Of The Range?

The collapse in oil prices yesterday pushed USDCAD to the top of its recent range at 1.3500. With crude still stuck at the $50/bbl and further weakness likely the loonie could push through the key 1.3500 resistance level as traders begin to worry about the impact of lower oil prices on the Canadian economy. But […]
This Is Not A Bullish Signal In The Gold Mining Space

This Is Not A Bullish Signal In The Gold Mining Space

Gold lost some value yesterday, as it fell from $1290 to $1270, but it recovered and stabilized at $1283 today. Gold is getting quite some attention lately. With political instability picking up again, investors and media favor the safe haven appeal of gold. But is gold really bullish or bearish right now? Moreover, what to […]
Oil And IBM Crash On Wednesday

Oil And IBM Crash On Wednesday

The three news items which drove equities on Wednesday were the drop in oil prices, the drop in IBM’s stock, and the Fed’s Beige Book. I recently called IBM a zombie stock because of its revenue declines. The weakness is finally being reflected in the stock as it is down about 11% since March 1st. […]
Perfect Retracement To Support For Goldman

Perfect Retracement To Support For Goldman

I’ll just toss out this chart, then I’ll say something unrelated…. OK, so the next three days are going to be rather unusual, because I’ll be traveling. In-the-know Slopers know what a powerful “indicator” my traveling can be, so trade accordingly. The most important point is that I won’t be wet-nursing the blog to the […]
Current Watchlist – April 20, 2017

Current Watchlist – April 20, 2017

My current watch list involves the following companies Qualcomm, AT&T, BHP Billiton, T. Row Price Group and Exxon Mobile. As you can see the list is relatively large but let’s dive into every stock a little deeper. Qualcomm Inc. Qualcomm just inreased the dividend by 7.5% to a new yearly dividend of 2.28 USD per share. Based on the […]
Stock Market “Going Nowhere” Short To Medium Term

Stock Market “Going Nowhere” Short To Medium Term

Stock market indexes gain around 1 percent today. Small cap index Russell 2000 is about close around 1382 points, a gain of 1.15 percent, the best performing U.S. stock market index of the day. How meaningful was today’s strong day in the stock market mean in the bigger picture? In order to answer that question, […]
Buy-Ranked Mid-Cap ETFs For A Shaky Market

Buy-Ranked Mid-Cap ETFs For A Shaky Market

The first quarter was great for the U.S. stock market with the major benchmarks logging in the best quarterly performance in many years. However, the bullish trend seems to be stalling with the rise in volatility and uncertainty as well as fading of Trump trade. This is especially true against the backdrop of feeble data […]
Stocks, Dollar, Yields Rally On Mnuchin Tax Cut Comments

Stocks, Dollar, Yields Rally On Mnuchin Tax Cut Comments

In a day full of upside catalyst for the reflation trade including the strong TIPS auction, the speculation that the Obamacare repeal effort is back on track, and perhaps best of all the absence of hard data (today’s Philly Fed “soft data” was, well, quite soft), the dollar, the S&P and Treasury yields all rose, […]