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Momentum Stocks Saw Large Losses

Momentum Stocks Saw Large Losses

My Swing Trading Approach I closed out my position in Netflix (NFLX) yesterday at $358.78 for a +3.6% profit, while also decreasing dramatically the overall long exposure, and increasing my short exposure. I will watch the early morning action to determine which side of the trade I want to add more to. If it can’t be determined, I’ll […]
Billion Dollar Unicorns: FireEye Targets A Profitable Year

Billion Dollar Unicorns: FireEye Targets A Profitable Year

According to a recent Market Research report, the global cyber security market is expected to grow at a steady pace of 10% annually over the next few years to $172 billion by 2024. FireEye (Nasdaq: FEYE) is one of the emerging players in the industry that went public nearly five years ago. It is known for its […]
Corn Price Continues To Decline After Bearish W/ASDE Report

Corn Price Continues To Decline After Bearish W/ASDE Report

Last week, the price of corn fell sharply after the Department of Agriculture released the September World Agriculture Supply and Demand Estimates (WASDE) report. This is a report that is closely followed by traders in the agricultural commodities market because it gives an indication of the supply and demand dynamics. The price of corn declined […]
Jack Ma Warns US-China Trade War “Could Last For 20 Years”

Jack Ma Warns US-China Trade War “Could Last For 20 Years”

This is not what the market wants to hear right now. Hours after China’s Foreign Ministry said it would unveil its retaliation to the impending 10% US tariffs on $200 billion of Chinese goods “at an appropriate time” – a “measured” response that, because it wasn’t “the worst scenario that some analysts had expected”, helped […]
Gold Now At The Tipping Point

Gold Now At The Tipping Point

Over the last few days, we have seen the congestion phase for gold reinforced further by the arrival of the volume point of control in the $1200 per ounce region, which has served to reinforce the current daily picture for the precious metal as it continues to trade in a narrow channel of price action. […]
Oil: Russian Meddling

Oil: Russian Meddling

Oil Prices broke yesterday after a Tass article that suggested that Russia and OPEC, at the upcoming meeting in Algiers, may discuss the possibility of increasing oil production by more than 1 million barrels per day, quoting Russian Minister of Energy Alexander Novak. Yet, trade war fears and the fears of the impending refinery maintenance […]
Cryptos: 3 Scenarios For The Direxion Bitcoin ETF Decision

Cryptos: 3 Scenarios For The Direxion Bitcoin ETF Decision

Direxioמ’s Bitcoin ETF request is a high profile one and is set to move all cryptocurrencies. The deadline delay raises the stakes for the upcoming decision as coins await impatiently. The reactions are different in three different scenarios and for each of the three top coins. On July 24th, the US Securities and Exchange Commission […]
Morning Call For Tuesday, Sept. 18

Morning Call For Tuesday, Sept. 18

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.13%) this morning are up +0.20% and European stocks are up +0.12% at a 2-week high as global markets rally on watered-down U.S. tariffs on China. Markets initially declined late yesterday when President Trump announced a 10% tariff on more than 5,000 products from China starting next week, […]
Technically Speaking: The World Diverges From The US

Technically Speaking: The World Diverges From The US

In our last installment of Technically Speaking, we discussed the current bullish trend and our price target of 3000 by year end. To wit: “Regardless of the reasons, the breakout Friday, with the follow through on Monday, is indeed bullish. As we stated repeatedly going back to April, each time the market broke through levels of overhead […]
Clues Pile Up For Expecting Another Rate Hike Next Week

Clues Pile Up For Expecting Another Rate Hike Next Week

The Federal Reserve remains on track for another round of tightening monetary policy at next week’s FOMC meeting, based on a several indicators. If the central bank announces another rate hike, it’ll mark the eighth increase since the Fed began squeezing policy post-recession in December 2015. Market sentiment is clearly anticipating the Fed will roll […]