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Rocket Time For Gold

Rocket Time For Gold

With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed. What comes next for these key markets and what are the main factors at play? Double click to enlarge this daily gold chart. What began innocently as a bullish non-confirmation between gold-USD and yuan-USD […]
Value And High-Yield: 2 Etfs To Watch On Outsized Volume

Value And High-Yield: 2 Etfs To Watch On Outsized Volume

In the last trading session, U.S. stocks ended lower after rising in earlier in the day. Among the top ETFs, investors saw (SPY – Free Report) lost 0.5%, (DIA – Free Report) shed 0.4% and (QQQ – Free Report) move lower by 1.2% on the day. Two more specialized ETFs are worth noting as both saw trading volume that was far […]
World Markets Update – Tuesday, Oct. 16

World Markets Update – Tuesday, Oct. 16

Two of eight indexes on our world watch list have posted gains through Monday, October 15, 2018. The top performer this year is India’s BSE SENSEX with a gain of 3.11%. In second is our own S&P 500 with a gain of 2.89%. In third is Tokyo’s Nikkei 225 with a loss of 2.17%. Coming […]
Is Technological Know-How The Key To Economic Growth?

Is Technological Know-How The Key To Economic Growth?

According to this year, Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products is the key to sustained economic growth. Is it, however, true that technical knowledge is the heart of economic growth? If this would have been the case, why do economies in the […]
Domino’s Pizza Surpasses Q3 Earnings Estimates

Domino’s Pizza Surpasses Q3 Earnings Estimates

Domino’s Pizza (DPZ – Free Report) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.72%. A quarter ago, it was expected […]
Plug Power Rises After Increasing 2018 Revenue View

Plug Power Rises After Increasing 2018 Revenue View

Shares of Plug Power (PLUG) are on the rise after the company increased its 2018 revenue guidance, citing continued traction in the market and ongoing development of its business pipeline. PLUG RAISES 2018 REVENUE FORECAST: This morning, Plug Power raised its FY18 revenue view to $175M-$190M from $155M-$180M, with consensus at $169.54M. “As a result […]
USD/CAD Remains Vulnerable Towards 1.2926/00 Zone

USD/CAD Remains Vulnerable Towards 1.2926/00 Zone

USD/CAD Remains Vulnerable Towards 1.2926/00 Zone USD/CAD remains vulnerable towards 1.2926/00 zone as it retains its pullback pressure. Support lies at the 1.2900 level where a break will aim at the 1.2850 level. Further down, support comes in at the 1.2800 level where a turn lower may occur. But if further weakness occurs support comes […]
US Treasury Sells The First Ever 2-Month Bill: Here Are The Details

US Treasury Sells The First Ever 2-Month Bill: Here Are The Details

This morning, in addition to a rather mundane sale of $40.0 billion in 4-week bills, the Treasury sold its inaugural 8-week (2-month) bill, for the amount of $25.0 billion as the Treasury seeks innovative ways to plug the burgeoning budget deficit. As a reminder, this is what the TBAC said when it introduced the 2-Month bill back […]
NAHB Housing Market Index: “Builder Confidence Rises One Point In October, Remains At Summer Levels”

NAHB Housing Market Index: “Builder Confidence Rises One Point In October, Remains At Summer Levels”

The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook. The latest […]