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Sensex Ends 461 Points Higher; Realty & Consumer Durables’ Stocks Rally

Sensex Ends 461 Points Higher; Realty & Consumer Durables’ Stocks Rally

Indian share markets ended over 1% higher today aided by a firm rupee against the dollar. At the closing bell, BSE Sensex ended up by 461 points, while, NSE Nifty ended up by 159 points. Except IT stocks, all sectoral indices ended the day in green with realty sector and consumer durables sector surging over 4%. Globally, Asian stock markets finished higher today with shares in China […]
USD/JPY Triangle Pattern Waiting For Decisive Breakout

USD/JPY Triangle Pattern Waiting For Decisive Breakout

USD/JPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – Accessed 10 October 2018 at 5:30 AM GMT The USD/JPY currency pair is testing a key support level and decision zone. The 50% Fibonacci retracement level at 112.83 is a critical bounce or break spot for the wave 4 pattern (blue). A bearish break could see the price test another […]
Stocks For You To Swing-Trade: BA, CLR, WTW

Stocks For You To Swing-Trade: BA, CLR, WTW

Wednesday’s Swing-Trades: Take a look at three trading ideas to prep you for the next trading session. Long Boeing (BA) Long Continental Resources (CLR) Short Weight Watchers Int’l (WTW)
Gold From Both Ends Of The Telescope

Gold From Both Ends Of The Telescope

The weekly chart for gold perhaps best encapsulates how gold traders and gold investors must feel when considering the price action. For intraday traders, nothing has changed with gold offering excellent two-way price action over a $20 range. For gold bugs and longer-term investors, the picture is very different, with the precious metal continuing to […]
International Paper Downgraded To Neutral From Buy At Goldman Sachs

International Paper Downgraded To Neutral From Buy At Goldman Sachs

Goldman Sachs analyst Brian Maguire downgraded International Paper (IP) to Neutral and lowered his price target for the shares to $53 from $63. The stock closed yesterday down $2.69 to $44.64. Following 12 new U.S. containerboard capacity announcements since his upgrade of the shares on July 12, 2017, the analyst now forecasts 11% growth in […]
U.S. Crude Oil Exports To China Zero Out

U.S. Crude Oil Exports To China Zero Out

It wasn’t just U.S. soybean exports that encountered some serious shenanigans in August 2018 as part of China’s trade war strategy with the United States. International U.S. trade data also indicates that U.S. crude oil exports to China also collapsed during the month. In this case, all the way to zero. Unlike what happened with soybeans, however, U.S. crude oil shipments […]
Deficits, Rates & Gold To Reach Vertiginous Heights

Deficits, Rates & Gold To Reach Vertiginous Heights

The end of an empire is a dramatic but also drawn out event with very few willing to face the facts. As the end is getting closer, denial is at its peak. We can probably figure out how it will end but not quite when. Looking at the facts, the beginning of the end is […]
Muncy Bank Has Five Locations In Pennsylvania

Muncy Bank Has Five Locations In Pennsylvania

Today I’m reviewing a nano-cap bank – regional – US named Muncy Bank Financial Inc. It’s trading ticker symbol is MYBF. MYBF isn’t that a great friendly ticker? Muncy Bank Financial Inc is a commercial bank. The Company provides commercial, mortgage, residential real estate, and consumer loan financing as well as providing deposit, investment and […]
Gold Slightly Up On Safe-Haven Demand

Gold Slightly Up On Safe-Haven Demand

Gold prices ended a two-sided trading session slightly higher on Tuesday. Gold saw mild benefit from an uptick in risk aversion, but buying interest remains subdued on expectations that the U.S. central bank will lift rates in December for the fourth time this year. The Chinese yuan, which continued to depreciate against the U.S. dollar […]
Just How Bearish Is The Stock Market’s Breadth?

Just How Bearish Is The Stock Market’s Breadth?

Mainstream financial media is tripping all over itself about “the stock market’s terrible breadth and why the stock market will crash”. Because hey, bad news sells like hot cakes. *A lot of traders have an obsession with breadth. The reality is simple: with dozens of breadth indicators, there will always be one that screams bearish. […]