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AUDUSD: More Downside Is Expected

AUDUSD: More Downside Is Expected

AUDUSD short-term Elliott wave view suggests that the bounce to 0.7455 high ended intermediate wave (B). Down from there, the pair has broken to new lows confirming the intermediate wave (C) lower. The internals of the decline is unfolding as impulse where Minor wave 1, 3 & 5 are expected to unfold in 5 waves structure. While Minor wave […]
Huge Lift Higher In The Pre-Market Today

Huge Lift Higher In The Pre-Market Today

My Swing Trading Approach I have more positions today to the long side, then I did, coming into yesterday. I need to see that this market is serious about holding on to today’s gains, and following through to the upside tomorrow. As a result, I may hold off adding any new positions today, and at […]
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                        International Business Machines: A High-Yield Dividend Achiever

E International Business Machines: A High-Yield Dividend Achiever

International Business Machines (IBM) is a major information technology company that is listed in the Dow Jones index. It belongs to the Dividend Achievers, a group of companies that have raised their dividends for at least 10 years in a row. These Dividend Achievers do not have a dividend growth record that is as prestigious […]
Gold To Soar Above $6,000

Gold To Soar Above $6,000

In our regular gold trading alerts, we focus on the short- and medium-term outlook and we rarely discuss the very long-term issues or price targets. The reason is simple – the long-term issues and price targets don’t change often, so usually there’s little new to say about them. Consequently, it’s been a long time since we last […]
July 2018 Residential Building Disappointing

July 2018 Residential Building Disappointing

The headline residential building permits improved and construction completions were unchanged relative to last month. But we keep our eyes on the rolling averages which told us this was a weaker report than last month. Analyst Opinion of Residential Building The backward revisions this month were slightly upward.The nature of this industry normally has large […]
Philly Fed Manufacturing Index: Growth Slowed In August

Philly Fed Manufacturing Index: Growth Slowed In August

The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index […]
Starbucks Dividend Stock Analysis

Starbucks Dividend Stock Analysis

Starbucks Corporation (SBUX), together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Starbucks is a dividend challenger, which has increased dividends every single year since it initiated its first dividend in 2010. The […]
Walmart (WMT) Q2 Earnings And Revenues Surpass Estimates

Walmart (WMT) Q2 Earnings And Revenues Surpass Estimates

Walmart (WMT – Free Report) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.61%. A quarter ago, it was expected that […]
Silver And The Ongoing Monetary Reform

Silver And The Ongoing Monetary Reform

Stephen Leeb’s book “Red Alert”, published in 2012, argues that the Chinese understand the issue of resource scarcity much better than the West and as a result of their accumulation of vital resources may leave the West in a nearly untenable position within the next decade. The silver market is already in this untenable position! Leeb, in an […]
Stocks Break Down… So What’s The Downside Target?

Stocks Break Down… So What’s The Downside Target?

Yesterday’s sell-off gave stocks a confirmed breakdown from the rising wedge they’ve formed since early July. At the very least, we should see a correction down to the lower line of the trend channel running back to April. However, if we are to go by economically sensitive commodities such as Copper, stocks could drop a […]