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January 2018 Empire State Manufacturing Index Little Changed

January 2018 Empire State Manufacturing Index Little Changed

The Empire State Manufacturing Survey insignificantly declined but remains strongly in expansion. It was at expectations. Important internals were positive. Analyst Opinion of Empire State Manufacturing Survey I am not a fan of surveys – and this survey jumps around erratically – but has been relatively steady for the last year. Expectations from Bloomberg / […]
Merck & Co. Inc Shares Fly High On Positive Lung Cancer Trial

Merck & Co. Inc Shares Fly High On Positive Lung Cancer Trial

Merck & Co (NYSE: MRK) On Tuesday before the market opened, shares of Merck & Co ($MRK) were gapping up on news of positive results from their lung cancer trial. Merck’s lung cancer treatment, Ketruda, performed better than expected in a late-stage, Phase 3 trial which has “significantly improved overall survival and progression-free survival”. This […]
4 Best Technology Stocks For Growth Investors Right Now

4 Best Technology Stocks For Growth Investors Right Now

The year 2017 was a blockbuster for investors as all the three major indices indicating the health of the U.S. market closed at record levels. An improved economic data for GDP, steady job additions, a favorable Consumer Confidence Index, as well as factory activity data, kept investors optimistic about the economy. Technology Sector in Particular […]
Does CoT Show Battle Over Gold?

Does CoT Show Battle Over Gold?

The Commodity Futures Trading Commission has released the latest CoT report. What can we learn from it about the gold market? Light and Darkness in the Gold Market The epic battle between good and evil. The conflict between light and darkness. We and them. This is how some analysts portray the Commitments of Traders report. […]
Technically Speaking: Have “Tax Cuts” Been “Priced In” Already?

Technically Speaking: Have “Tax Cuts” Been “Priced In” Already?

“Did you hear the news that was driving the markets to new records this morning? No? Yeah, me either. But such is the nature of a speculative driven frenzy.” Since the markets were closed yesterday, there is nothing to update from this past weekend’s newsletter. While that missive was primarily directed at why “bond bears will […]
Despite Stock Strength, US, German Bond Yields Are Tumbling

Despite Stock Strength, US, German Bond Yields Are Tumbling

As stocks surge to record-er-est highs, so bond yields and the yield curve are collapsing further… Buy all the things…   So much for that ‘tantrum’… 10Y Bund yields are tumbling…   Treasury yields are erasing the tantrum spike too…   Perhaps Gundlach was right – Gross’ bear call was premature? And the US yield curve […]
Terrific Tuesday – Futures Blast Market To New Highs – Just Because

Terrific Tuesday – Futures Blast Market To New Highs – Just Because

Dow 26,000?  Really??? That’s right, the Dow blasted 1% higher this morning to hit 26,000 and the S&P 500 hit 2,800 and the Nasdaq 100 hit 6,800 and the Russell hit 1,600 all record highs ahead of the Government shut-down on Friday (not really, they will extend it again). Meanwhile, this puts Donald Trump only 12% […]
The Future Dividend Potential Of FANG

The Future Dividend Potential Of FANG

When I write about the F.A.N.G. names I oftentimes get mixed reactions. Many of my readers are of the conservative, income-oriented variety. They’re nearing retirement and have little to no desire to associate themselves with names/acronyms so closely associated with speculative growth. Being that none of the F.A.N.G. names currently play a shareholder dividend, I […]
Empire State Manufacturing Survey: Continued Growth In January

Empire State Manufacturing Survey: Continued Growth In January

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 17.7 was a decrease of 1.9 from the previous month’s 19.6. Annual benchmark revisions were made. The Investing.com forecast was for a reading of 18.0. The Empire State Manufacturing Index rates the relative level of general business conditions in New […]
Gold Finds Its Mojo

Gold Finds Its Mojo

The monthly chart for gold gives gold traders and investors some much-needed cheer as the precious metal now has some solid support at $1257 where the volume point of control currently sits, and from where the metal has progressed on solid volume. To the upside $1357 is the target and first significant resistance on this […]