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Moving Averages: Month-End Preview – Tuesday, Oct. 30

Moving Averages: Month-End Preview – Tuesday, Oct. 30

Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month. At this point, before the close on the last day of the month, all three S&P 500 strategies are signaling “cash” — a flip from last month’s triple “invested” signal. Four out […]
Market Talk – Tuesday, Oct. 30

Market Talk – Tuesday, Oct. 30

A similar trading pattern was seen in both the Shanghai and the Nikkei overnight opening at the days lows and positive correction for the balance of the day. The headline that regulators would encourage share buy-backs and promote M+A activity helped restore some much needed confidence to the market. Core China rallied just over 1% […]
Facebook Slides After Missing On Revenue, Daily Users As Operating Costs Soar

Facebook Slides After Missing On Revenue, Daily Users As Operating Costs Soar

Exactly three months ago, with its stock trading at $218, or 50% higher than where it is now, Facebook shocked Wall Street with a second-quarter revenue miss and a warning that growth would slow while profits shrank as spending rose which sent its stock crashing more than 20%, wiping out $132 billion in market cap […]
Hot Options Report For End Of Day – Tuesday, Oct. 30

Hot Options Report For End Of Day – Tuesday, Oct. 30

Top tickers for end of day: GE, BAC, CHK.
IBM’s Red Hat Acquisition & The Future Of Cloud Computing

IBM’s Red Hat Acquisition & The Future Of Cloud Computing

Audio Length: 00:15:47 On today’s episode I explore the details of IBM’s historic bid to buy open source software giant Red Hat and speculates about what it could mean for the future of the cloud computing industry. IBM (IBM – Free Report) plans to pay $190 per share for Red Hat (RHT – Free Report) , a roughly 63% […]
NZD/JPY: Signs The Big Bearish Trend Is Reversing?

NZD/JPY: Signs The Big Bearish Trend Is Reversing?

Yesterday, we highlighted the upcoming BOJ meeting and its possible impact on GBP/JPY (see “Will the BOJ Bring a Trick or a Treat for GBP/JPY?”), but NZD/JPY is also at an critical technical juncture. The pair has been in a prolonged downtrend since peaking in late January, losing nearly 1,000 pips over that timeframe. That said, […]
The 5 Kinds Of Bounces

The 5 Kinds Of Bounces

In a little over a month, the S&P 500 has declined more than 11%, giving back all of its gains on the year. This is the largest decline since … well, earlier this year. Corrections in markets are the norm, not the exception. Since March 2009, there have been 23 of them… That said, all […]
Only Thailand And Taiwan Showed Positive USD Returns In 9M18

Only Thailand And Taiwan Showed Positive USD Returns In 9M18

In 1H18, Taiwan had been most resilient and the Philippines had performed the worst. Overall, Asian markets fell in 9M18 and only two markets saw positive returns in terms of USD. Most countries saw their currencies weakening against the USD, the exception being Thailand. Thailand improved to being the top-performing market in Asia compared to being […]
Is GE Facing Another Commercial Paper “Moment”?

Is GE Facing Another Commercial Paper “Moment”?

In addition to being a poster child for how far a formerly iconic name can crash when it is no longer able to “adjust” results, General Electric’s ongoing collapse, catalyzed today by the news that the SEC and DOJ have expanded their ongoing investigation to include a $22-bln writedown of goodwill from the conglomerate’s power […]
Take-Two Rises As Analysts Stay Bullish After Big ‘Red Dead’ Opening Weekend

Take-Two Rises As Analysts Stay Bullish After Big ‘Red Dead’ Opening Weekend

Shares of Take-Two (TTWO) are rising in afternoon trading after its subsidiary Rockstar Games said that its new release “Red Dead Redemption 2” achieved “the single-biggest opening weekend in the history of entertainment”. The company noted that the game launched on a Friday, so its “opening weekend” is the same as its first three days. […]