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Stocks To Trade: PAGP, STX, WB

Stocks To Trade: PAGP, STX, WB

Monday’s stock picks: Long Seagate Technology (STX) Long Plains Group (PAGP) Short Weibo (WB)
USDCAD Daily Analysis – Monday, April 16

USDCAD Daily Analysis – Monday, April 16

USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2943. As long as the price is below the trend line, the downside movement could be expected to continue and next target would be at 1.2450 area. Near-term resistance is at 1.2625, only a break of this level […]
Another Noise-Filled Week For The S&P 500 In April 2018

Another Noise-Filled Week For The S&P 500 In April 2018

The second week of April 2018 proved to be just another in a series of noisy weeks in 2018 for the U.S. stock market. Geopolitics, trade and good old fashioned political noise filled the week that was for the S&P 500 (Index: SPX), where the ultimate outcome for the week was for the index to close […]
S&P 500 And Nasdaq 100 Forecast – Monday, April 16

S&P 500 And Nasdaq 100 Forecast – Monday, April 16

S&P 500 The S&P 500 initially tried to rally during the trading session on Friday, reaching towards the 2680 handle. The market turned back around to form a bit of a negative candle, as US banks struggled. Ultimately, this is a market that I think continues to deal with the 2680 level as resistance, and […]
Futures And Hedge Fund Positions Last Week

Futures And Hedge Fund Positions Last Week

Following futures positions of non-commercials are as of April 10, 2018. 10-year note: Currently net short 330.6k, down 44.7k. Annual core CPI rose stronger-than-expected 2.12 percent in March.This was the first year-over-year reading with a two handle in a year. Nonetheless, core PCE – the Fed’s favorite measure of consumer inflation – is not as […]
Infosys Posts 28% QoQ Drop In Q4 Profit; Easing Of Trade Fears And Top Stocks In Action

Infosys Posts 28% QoQ Drop In Q4 Profit; Easing Of Trade Fears And Top Stocks In Action

Indian stock markets rose for a seventh straight session on Friday, their longest winning streak since November 2017. The gains came on the back of gains in index heavyweights such as Reliance Industries and ICICI Bank. Sentiment was also upbeat after retail inflation eased to a five-month low in March, supporting views that monetary policy […]
How To Get Your Tax Weekend Back

How To Get Your Tax Weekend Back

This weekend millions of Americans and/or their accountants are preparing to file income tax returns. Tax day is an annual event as significant as the Fourth of July – though far less fun. Photo: Getty Images My friends outside the US – and I have many – observe our ordeal with a combination of amusement […]
CAD/JPY: How Syria Could Push The Cross Higher

CAD/JPY: How Syria Could Push The Cross Higher

After the airstrikes on Syria early on Saturday, the situation seems contained.  There are growing chances of a relief rally, positive for the USD/JPY. For the USD/CAD, the event is a double-edged sword, but the Canadian Dollar could come out on top. Early on Saturday morning, US President Donald Trump announced a coordinated missile and airstrike […]
Tentative Breakouts Fail To Hang On

Tentative Breakouts Fail To Hang On

Markets had started Friday above the marked consolidations I had drawn on the charts but subsequently ended the week still inside these trading ranges. As a two-day pattern, Friday’s close finished as a bearish engulfing pattern across markets which means I’ll be looking for a break of newly drawn ascending support (of the last 8 […]
An Early Preview Of Caterpillar’s (CAT) Q1 Earnings Outlook

An Early Preview Of Caterpillar’s (CAT) Q1 Earnings Outlook

Caterpillar CAT has seen its stock price sink more than 11% over the last 12 weeks. The construction and mining equipment power’s shares have tried to recover recently, but it might take strong first quarter financial results for CAT to get back on track amid the current market volatility.   Caterpillar posted pretty substantial top and bottom […]