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Markets: More Of The Same

Markets: More Of The Same

My core market health indicators bounced around a bit this week, but they’re all still positive.
Advanced Micro Exploded Higher The Past Couple Of Years

Advanced Micro Exploded Higher The Past Couple Of Years

Semiconductors have been on a tear for years, particularly with cryptocurrency fever bleeding into the sector. One firm has absolutely exploded higher the past couple of years – Advanced Micro Devices – but, looking at the long-term picture, you can see a more troubling trend (if you’re a bull). I shorted AMD a couple of days ago, […]
GBP/JPY To 152?

GBP/JPY To 152?

  Sterling turned out to be the best performing currency this past week thanks to a beginning of the week and end of week rally. There was actually very little in the way of U.K. data except for Friday when the currency was propelled higher by stronger industrial production and trade balance. There was also […]
Gold Investment Stalled

Gold Investment Stalled

Gold has largely been drifting sideways for the better part of a couple months now, sapping enthusiasm. Gold investment demand has stalled due to extreme stock-market euphoria. Investors aren’t interested in alternative investments led by gold when stocks seemingly do nothing but rally indefinitely. But once stock-market volatility inevitably returns, so will gold investment demand […]
Bearish “Shooting Star” Forming On Bitcoin

Bearish “Shooting Star” Forming On Bitcoin

Further to my last post of October 20 and update of November 2, a bearish “Shooting Star” candle formation is in the making on this Monthly chart of BITCOIN…warning signs that we could see a further sell-off to, potentially, the 5000 level, which is the nearest support level. Volatility is no stranger to this crypto-currency, as price has plunged nearly 1400 points in […]
Venezuela Officially Declared In Default

Venezuela Officially Declared In Default

Today at 11am, the ISDA Determinations Committee sits down to decide whether an event of default has occurred due to the delayed principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, in the process triggering PDVSA (and perhaps Venezuela) CDS, and officially declaring Venezuela in default. We won’t have to wait that […]
Underlying Earnings Season Weakness

Underlying Earnings Season Weakness

More than 2,300 companies have now reported their Q3 2017 earnings results since earnings season began back on October 9th. With just a week left until the unofficial end of the reporting period, the S&P 500 is up 1.3% since the start of earnings season. While the S&P’s gain is nice to see, the underlying […]
GBP/USD Resilience To Persist Ahead Of U.K. CPI, Slew Of BoE Rhetoric

GBP/USD Resilience To Persist Ahead Of U.K. CPI, Slew Of BoE Rhetoric

GBP/USD appears to be on its way to test the November-high (1.3321) as it breaks out of the narrow range from earlier this week, and the key developments coming out of the U.K. economy may continue to fuel the near-term resilience in the British Pound should the data prints encourage the Bank of England (BoE) to further […]
The Most Active Equity Options And Strikes For Midday – Friday, November 10

The Most Active Equity Options And Strikes For Midday – Friday, November 10

Top Tickers For Midday, November 10th: CBS, AAPL, MU, GE, EPD
Nvidia Corporation Stock Surges After FQ3 2018 Earnings

Nvidia Corporation Stock Surges After FQ3 2018 Earnings

The NVIDIA FQ3 2018 earnings results were released after closing bell on Thursday night. The chip maker reported earnings of $1.33 per share on $2.64 billion in sales, compared to the consensus of 94 cents per share and $2.36 billion in revenue. The NVIDIA FQ3 2018 earnings results were released after closing bell on Thursday night. The […]