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ETFs To Add After SurveyMonkey Blockbuster IPO

ETFs To Add After SurveyMonkey Blockbuster IPO

A leading global survey software company — SurveyMonkey — made its debut on Nasdaq under the ticker symbol “SVMK” on Sep 26. The IPO was strongly greeted by investors as its shares soared as much as 67% during the first day of trading and were up 43% at the close. SurveyMonkey has raised nearly $180 […]
Pending Home Sales Plunge In August Led By Collapse In West

Pending Home Sales Plunge In August Led By Collapse In West

Pending home sales plunged in August, dropping 1.8% MoM (almost four times worse than expected) to its lowest since Oct 2014 (and fell 2.5% YoY) – the fourth month of annual declines in a row… As Bloomberg notes, the decline, which was broad-based across all four regions, shows that higher mortgage rates, rising prices and a shortage of affordable […]
Individual Investors Turn A Bit More Bullish

Individual Investors Turn A Bit More Bullish

With the Dow Jones – America’s “Main Street” equity index – joining the S&P at new highs to close out last week, we were not too surprised to see that individual investors turned more bullish in the latest week. But even after the increase, positive sentiment remains at extremely depressed levels given what the market […]
The Important Trends Post Fed Rate Hike

The Important Trends Post Fed Rate Hike

Today we are seeing a lot of what we were expecting. Gold and Treasuries are down and the USD up. Also US markets up… but the markets don’t care what is said anyway. Chris Temple joins me to discuss all of the above with a particular focus on metals. (Audio length 00:13:00)
USD/JPY Price Outlook: Yen Decision Time As Rally Tests Yearly Highs

USD/JPY Price Outlook: Yen Decision Time As Rally Tests Yearly Highs

The Japanese Yen has continued to trade within the confines of an ascending pitchfork formation extending off the yearly lows with price now approaching resistance just ahead of the median-line/yearly highs. Here are the updated targets and invalidation levels that matter on the USD/JPY charts heading into the start close of September trade. Review this week’s Strategy Webinar for an in-depth breakdown […]
5 Tech Stocks For A Payment Revolution

5 Tech Stocks For A Payment Revolution

A recent report by Goldman Sachs has revealed a startling statistic: business-to-business payments total a whopping $127 trillion every year. Yet the process is still extremely inefficient, with paperwork and admin costs weighing on resources. That’s why Goldman Sachs believes there’s $1 trillion in revenue up for grabs for companies that can 1) digitize and […]
5 Top Apparel Stocks To Buy Before The Holidays Start

5 Top Apparel Stocks To Buy Before The Holidays Start

Retailers are set to hire a record number of workers for the upcoming holiday season. Moreover, with strong consumer confidence, higher wages, and record low unemployment, an increasing number of Americans are willing to spend more. Additionally, U.S. apparel retailers saw growth in same-store sales in August and are expected to maintain the momentum in […]
Cramer’s Most Idiotic Idea Ever

Cramer’s Most Idiotic Idea Ever

Someone brought to my attention that none other than Jim Cramer – who, inexplicably, is considered some kind of stock market god – strongly suggested everyone buy Sears back in 2007, calling it “the next Berkshire Hathaway”. It looks like he made this urgent “buy” suggestion at pretty much the millisecond the stock peaked. It is down over 99% now. I wonder if […]
US Goods Trade Deficit Surges Near Record High (Don’t Tell Trump)

US Goods Trade Deficit Surges Near Record High (Don’t Tell Trump)

Do not show this to President Trump, he will not be happy… In the few months since President Trump unleashed his trade war, predicated on managing back America’s massive merchandise trade deficit, things have gone very wrong, judging by the numbers. Against expectations of a $70.6 billion deficit, August’s goods trade balance plunged to $75.8 […]
Four-Day Pullback

Four-Day Pullback

My Swing Trading Approach I closed my swing-trades in JEC at $76.80 for a +3.8% profit and CRM at $158.60 for a +3.1%profit. I am open to adding another long position today should the market cooperate and allow for it. Yesterday’s sell-off creates some concern as to whether a rally can be sustained here.  Indicators Volatility Index (VIX) – Popped 3.8% yesterday, but […]