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Does Gold Like Acronyms? The Golden Story Of SPX, CPI, And IMF

Does Gold Like Acronyms? The Golden Story Of SPX, CPI, And IMF

SPX continued with the losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market? Stock Market Turmoil Continues Let’s start from the US stock market. On Thursday, the SPX  extended its losses, declining about 2 percent. It means that traders continued their liquidation sale of risky […]
Malaysia Stock: Oleochemicals Could Mitigate Negative Impact From Low CPO Price

Malaysia Stock: Oleochemicals Could Mitigate Negative Impact From Low CPO Price

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Background Kuala Lumpur Kepong Berhad is a Malaysia incorporated company engaging in plantation, manufacturing, and property development. Plantation being its core business constituted 81% of operating profit in FY2017 with 270,000 ha planted […]
Last Chance

Last Chance

Hi Everyone, If you haven’t done so already, feel free to take a moment to submit your comments to the SEC in support of the Bitcoin ETF. The deadline for all feedback is tomorrow. Here’s the link. Your submission doesn’t need to be complicated or wordy, a perfect example would be something along the lines of… […]
Morning Call For Tuesday, Oct. 16

Morning Call For Tuesday, Oct. 16

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.51%) this morning are up +0.40% and European stocks are up +0.31% on stronger than expected company quarterly earnings results along with an easing of Italian political risks. BlackRock, Morgan Stanley and Johnson & Johnson all reported better than expected Q3 adjusted EPS and Walmart forecast sales growth […]
E
                                                
                        Markets: Margin

E Markets: Margin

On the margin, mood for risk-taking is better today. Some see this stability as emanating from the CNY holding a dull range (fixed at the best level in 3-weeks) and not rocketing through 7 despite weaker equities and lower rates. Some see it in the benign Chinese PPI-CPI combination that supports margins that shows no […]
Semblance Of Stability Returns

Semblance Of Stability Returns

Overview: Although the S&P 500 was unable to sustain early gains yesterday, the largely consolidative session was part of the stabilization of equities after last week’s jump in volatility. Asia and European stocks are also cautiously steadying. Most Asia equity markets advanced with the Nikkei’s 1.25% advance most bourses higher. China was a notable exception, […]
BTC/USD Forex Signal – Tuesday, Oct. 16

BTC/USD Forex Signal – Tuesday, Oct. 16

Yesterday’s signals may have produced a long trade off the support at $6,353 which is in profit, but I do not feel confident about it. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may be entered until 5pm Tokyo time, during the next 24-hour period only. Long Trades Long entry after a bullish price action reversal […]
Retail Sales Weakened In September But The Trend Is Still Solid

Retail Sales Weakened In September But The Trend Is Still Solid

Yesterday’s US retail sales report for September inspired breathless headlines in some corners that consumer spending hit a wall. But a closer look at the numbers still leaves room for a healthy dose of optimism. At the very least, it’s premature to confidently warn that the revival in retail spending that began in 2016 has run its […]
EURUSD: The Euro Stabilizes On The Balance Line In Anticipation Of New Drivers

EURUSD: The Euro Stabilizes On The Balance Line In Anticipation Of New Drivers

Previous: On Monday, the 15th of October, trading on the euro closed up. The euro won back all the losses suffered on Friday. The euro retreated from a low of 1.1535, but I do not understand what lead to buyers recovering Friday’s losses. The US government bond yields were ranging. We’re left thinking that with the […]
Technology Sector Set For A Rebound?

Technology Sector Set For A Rebound?

There has been quite a bit of chatter about the FANG stocks recently.In fact, the entire Technology Sector has taken a beating over the past 30+ days. The Technology sector is setting up for a 15%+ price rebound from these recent lows. Let’s start by taking a look at a 1 Month S&P Heat Map […]