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Six Flags Has 20 Parks And Plans To Grow

Six Flags Has 20 Parks And Plans To Grow

This week I’m seeking a prestigious and long-term dividend-paying stock from the consumer cyclical sector.  That cyclicals sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing a mid-cap leisure firm […]
The Long Run Elasticity Of Farm Product Prices And The US Dollar

The Long Run Elasticity Of Farm Product Prices And The US Dollar

Expansionary fiscal policy combined with Taylor-rule induced monetary tightening has resulted in a strong dollar. That strong dollar is driving US agricultural prices. Figure 1: Farm product PPI divided by CPI-all (left log scale, blue), and real trade weighted US dollar exchange rate, against broad basket (right log scale, red). An increase in the dollar exchange […]
USDCAD Daily Analysis – Wednesday, Sept. 19

USDCAD Daily Analysis – Wednesday, Sept. 19

USDCAD broke below 1.2975 support, suggesting that the downside movement from 1.3226 has resumed. Further decline could be expected in the coming days and next target would be at 1.2887 support. Resistance levels are at 1.3000 and 1.3064, only break above these levels could signal completion of the downtrend.
Oil And Gas Equipment Industry Outlook: Pain To Prevail

Oil And Gas Equipment Industry Outlook: Pain To Prevail

Oilfield Equipment industry is vital for drilling activities, thus making the domain heavily dependent on oil prices and the spending levels by producers. Upstream companies are reliant on superior equipment supplies including production machinery, drilling products, pumps, valves, et al to reduce their break-even prices and apply technology advanced fracking methods. During the slump, the […]
EURUSD: Pair Still Trading Within Friday’s Range

EURUSD: Pair Still Trading Within Friday’s Range

Previous: On Tuesday the 18th of September, trading on the euro closed down. Volatility was high throughout all the trading sessions. In the first half of the day, the euro rose to 1.1710. It then dropped to 1.1652 in the US session on the back of a rise in US10Y bond yields to 3.06%. Demand for […]
EURUSD: Euro Bulls Ready To Test The 1.1722 Resistance

EURUSD: Euro Bulls Ready To Test The 1.1722 Resistance

Previous: On Monday the 17th of September, trading on the euro closed up. The rate recovered to 1.1669 (67 degrees). I reckon that the pair’s growth was triggered by the pound, which rose to 1.3164 against the greenback. The pound got some support following reports that progress is being made in the Irish border talks. Day’s […]
Sensex Remains Rangebound; HDFC AMC & Reliance Nippon Tumble Over 8%

Sensex Remains Rangebound; HDFC AMC & Reliance Nippon Tumble Over 8%

Stock markets in India are trading in a range with positive bias in the afternoon session amid firm cues in the Asian markets and a recovery in rupee. Gains are largely seen in metal stocks and energy stocks. The BSE Sensex is trading up by 66 points and the NSE Nifty is trading up by 26 points. Meanwhile, the BSE Mid Capindex and the BSE […]
GDX Positive Divergence Leads To Nice Rally

GDX Positive Divergence Leads To Nice Rally

Divergence is a powerful indicator and something I’ve mentioned regularly here at Options Trading IQ. Recently we saw a text book example on GDX. GDX had been hit really hard since July and was putting in a lower low. However, volume was less severe and RSI was not making a new low. This indicated that […]
XRP Jumps As Ripple Hints Xrapid’s Launch Could Be Approaching

XRP Jumps As Ripple Hints Xrapid’s Launch Could Be Approaching

Ripple’s XRP made a massive comeback on Tuesday after CNBC reported that Ripple could launch “a commercial version of its payment platform xRapid “in the next month or so. On the news, XRP saw over an 18% gain which brought it back to the lower band of the daily Ichimoku cloud. Let’s take a closer […]
The Trade War Just Started

The Trade War Just Started

With the US stock market near its all-time high and having a solid year, it’s easy to miss out on the global growth deceleration. The global economy is by no means terrible, but it has seen deceleration as the global synchronized growth narrative disappeared, with emerging markets feeling a significant burden from the new reality.  The chart […]