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Puerto Rico – Third Quarter 2018 Review

Puerto Rico – Third Quarter 2018 Review

As the third quarter comes to a close, a fragile sense of optimism for the future of the Commonwealth of Puerto Rico has blossomed. It has arisen not just from the resolve of its people in the wake of Hurricane Maria but also from important milestones that have been reached in the long restructuring of […]
AUDUSD Faces Bear Risk, Eyes 0.7141/43 Zone

AUDUSD Faces Bear Risk, Eyes 0.7141/43 Zone

AUDUSD faces bear risk as it eyes its key support located at 0.7141/43. This is coming on the back of its weakness during Tuesday trading session. Support resides at the 0.7141/43 level where a breach will aim at the 0.7100 level. A move below that level will set the stage for a run at the […]
No. 1 In Philippine Power, No. 2 On Profitable Growth

No. 1 In Philippine Power, No. 2 On Profitable Growth

Background Founded in 1903, Manila Electric Company is the largest distributor of electricity in the Philippines, generating and distributing power to more than 6.4m commercial, industrial and residential customers. MER’s power plants are mostly run on coal and natural gas and MER accounts for 55% of the Philippines’ total energy sales. Business Description MER (commonly […]
DXY Index Back To September High, EUR/USD At Six-Week Low

DXY Index Back To September High, EUR/USD At Six-Week Low

The US Dollar (via the DXY Index) has continued to press higher, forging its fifth straight day of gains as the renewed tension between Rome and Brussels over the 2019-2021 Italian budget has yet to relinquish its grip on the Euro. It’s tempting to suggest that the US Dollar’s gains over the past five days have […]
UN Report Cites Central Bank Liquidity Bubbles, Loose Money, Debt Expansion

UN Report Cites Central Bank Liquidity Bubbles, Loose Money, Debt Expansion

A UN report has everything wrong as to the cause of current problems. Yet, the report mentions central bank liquidity. Seldom does one see a report that “debt is the problem” while being 180 degrees wrong as to the cause of the buildup in debt. The United Nations’ Trade and Development Report for 2018 blames the “Free […]
Outside Of The Bull Flag Pattern

Outside Of The Bull Flag Pattern

My Swing Trading Approach My concern in the current market is the willingness of any strength being faded in afternoon trading, particularly as it pertains to morning gaps higher. The plan here, is to continue increasing stops, but unwilling to over commit to adding too many positions too quickly. Less is better, until the bulls […]
Are Coffee Prices Primed For A Reversal Higher?

Are Coffee Prices Primed For A Reversal Higher?

Aside from the energy space, commodities have had trouble getting going. In particular, Coffee prices have taken it on the chin. But something good may be brewing in coffee land. Coffee is in a long-term downtrend but it’s short-term “trading” picture may be brightening. In the chart below, you can see that coffee prices trying to reverse […]
Tesla Hits Model 3 Production Target, Warns Of China Headwinds

Tesla Hits Model 3 Production Target, Warns Of China Headwinds

Just one day after speculating on the amount of produced and delivered vehicles Tesla would be reporting for its third quarter, we have the answer. According to a press release put out by Tesla this morning, Tesla produced 80,142 vehicles, 50% more than its prior all-time high. The press release press release 53,239 Model 3 vehicles, which was in line with […]
Bull Of The Day: Magnolia Oil (MGY)

Bull Of The Day: Magnolia Oil (MGY)

Magnolia Oil & Gas Corp. (MGY – Free Report) may be in the right place at the right time as crude has hit a multi-year high. This Zacks Rank #1 (Strong Buy) is expected to see rising earnings heading into 2019. Magnolia Oil & Gas is an independent oil producer (“E&P”) with assets located in the Eagle Ford […]
Does Micron’s Share Price Fairly Represent Capital Returns?

Does Micron’s Share Price Fairly Represent Capital Returns?

Today we came across Micron Technology Inc. (MU). The current P/E of 4.29 stood out in stark contrast to the much higher multiple of S&P 500 of 20.7x and the 5-year average of 16.5x. So is Micron a value or a trap? Top and Bottom Line Returns Would Say It’s A value Micron Technology Inc. […]