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Market Fluctuations

Market Fluctuations

My Swing Trading Approach With the FOMC later today, I will take a conservative approach to the trading day before us. If the market cooperates today, I won’t look to add more than one other long position.  Indicators Volatility Index (VIX) – Only moved 1.8% and was relatively quiet. Hardly a move out of it despite […]
August 2018 Headline New Home Growth Improves

August 2018 Headline New Home Growth Improves

Written by John Lounsbury and Steven Hansen The headlines say new home sales improved. Median sales prices were lower – and backlog of unsold homes grew. Analyst Opinion of New Home Sales This month the backward revisions were downward. Because of weather and other factors, the rolling averages are the way to view this series. This month was […]
New Home Sales Down Up 3.5% In August

New Home Sales Down Up 3.5% In August

This morning’s release of the August New Home Sales from the Census Bureau came in at 629K, up 3.5% month-over-month from a revised 608K in July. The Investing.com forecast was for 630K. Here is the opening from the report: Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000, according […]
IBM Rises After UBS Says Buy On AI Potential, Low Public Cloud Exposure

IBM Rises After UBS Says Buy On AI Potential, Low Public Cloud Exposure

In a research note to investors, UBS analyst John Roy upgraded IBM (IBM) to Buy as he believes Artificial Intelligence potential and low public cloud exposure should pay off and outweigh mainframe headwinds. BUY IBM: UBS’ Roy upgraded IBM to Buy from Neutral and raised his price target on the shares to $180 from $160, […]
Is Imperva Just Another Cyber Security Player?

Is Imperva Just Another Cyber Security Player?

According to a report by Cyber Security Ventures, the global spending on cyber security products and services will grow to more than $1 trillion by the year 2021 from $120 billion in 2017. The growth in the industry will be driven due to the rising pressures of cyber crime. Imperva (Nasdaq: IMPV) has been a player in the […]
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                        Turkey Is Facing A Serious Financial Crisis

E Turkey Is Facing A Serious Financial Crisis

Up to recently, Turkey was a rising economic power with close financial ties with the European Union. This rosy prognosis is no longer valid. The crux of the current crisis is that Turkey’s economy has major structural and financial problems– private-sector debt is extremely high and inflation was running at 17.9% in August. Turkey’s unemployment […]
Chinese Stocks Get An Unexpected Gift From MSCI

Chinese Stocks Get An Unexpected Gift From MSCI

Even before yesterday’s unexpected “gift” for Chinese stocks, the Shanghai Composite, which was hibernating deep in bear market territory until mid-September, staged a remarkable comeback in the past ten days amid speculation for more Chinese stimulus to offset the Trump tariffs.   And then, in what SocGen dubbed an “incredible piece of timing”, MSCI last […]
Investors Say No Thanks To Overpriced Acquisitions

Investors Say No Thanks To Overpriced Acquisitions

Merger Monday is back, but the market’s not buying it. Comcast (CMCSA), Michael Kors (KORS), and Sirius XM (SIRI) all announced multi-billion-dollar acquisitions on Monday. The market responded by sending shares of all three companies deep into the red. The big drop in all three stocks – which fell by an average of 8% – […]
15 Bullish Assumptions

15 Bullish Assumptions

If all goes well for nine more months, the post-financial crisis economic expansion will become the longest economic expansion in recent U.S. history. The U.S. stock markets are also on a tear, having just become the longest bull market since World War II. Regardless of your views about these trends continuing, the fact of the […]
Preview For September FOMC Meeting And Outlook For US Dollar

Preview For September FOMC Meeting And Outlook For US Dollar

The US Dollar (via the DXY Index) has been moving sideways this week in the absence of any meaningful economic data. In the run up to the results of the Federal Reserve’s September 25-26 FOMC meeting, traders have seemingly forgotten about Brexit, emerging market contagion, and the US-China trade war – at least temporarily. As […]