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Tesla Soars On “Historic” Results: Revenue, Earnings, Free Cash Flow Soar

Tesla Soars On “Historic” Results: Revenue, Earnings, Free Cash Flow Soar

Amid feverish leaks, trial balloons and media reports that Tesla will finally report a profit as production of the Model 3 electric sedan finally took off, following efforts to minimize spending and maximize revenue, coupled with an ongoing mass exodus of senior executives, and Elon Musk’s promise (first made in May) to be cash flow […]
October 2018 Beige Book: Reading Between The Lines – Rate Of Economic Expansion Slowed

October 2018 Beige Book: Reading Between The Lines – Rate Of Economic Expansion Slowed

The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) stated: “the majority of Federal Reserve Districts reporting modest to moderate growth“. The previous report stated, “economy expanded at a moderate pace“. Analyst Opinion of this month’s Beige Book Seems like the rate of growth was slower than the last report as this […]
GBP/JPY Price Outlook: Bears Pound Support To Fresh Lows

GBP/JPY Price Outlook: Bears Pound Support To Fresh Lows

The British Pound has plummeted more than 3% from the monthly highs against the Japanese Yen with GBP/JPY probing fresh seven-week lows today. There may be some recovery form levels just lower but the risk remains lower while below the weekly open. Here are the updated targets and invalidation levels that matter on the GBP/JPY charts. GBP/JPY WEEKLY PRICE CHART Technical Outlook: Last week […]
Reviewing The Catalysts Of Stock Market Volatility

Reviewing The Catalysts Of Stock Market Volatility

On average there are 3.3 five percent corrections per year. 2017 was an odd year with record low volatility where there weren’t any corrections as stocks went up in almost a straight line. 2018 has been a return to the average as there have been 3 corrections so far. If you’re a long-term investor, it’s not a […]
More Than 3/4 Of S&P 500 Stocks Already In Correction Mode

More Than 3/4 Of S&P 500 Stocks Already In Correction Mode

Andy’s Notes: We continue to be bombarded with questions regarding stock market action over the past few weeks. Is just a long, long overdue correction, is it the start of a bear market, is it 2008 all over again, has the US’ ballooning external debt finally hit a critical limit? Opinions vary greatly on the […]
Stocks Crash Then Rebound On Tuesday

Stocks Crash Then Rebound On Tuesday

Stocks Crash – Heightened Volatility On Tuesday Tuesday was extremely volatile as it had the feeling of a bear market rally. The stock market was oversold coming into the day. But the S&P 500 still fell 2.34% at its worst point in the day. It rallied in the afternoon to only close down 0.55%. This […]
Weekly Heating Oil Prices – Wednesday, Oct. 24

Weekly Heating Oil Prices – Wednesday, Oct. 24

We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.37, up a penny from last week and up 8 cents […]
Nasdaq Crashes To 6-Month Lows

Nasdaq Crashes To 6-Month Lows

Semis, FANGs, all getting slaughtered as Nasdaq tumbles 2.6% on the day to its lowest in almost 6 months… A brief post-EU close bounce has been eviscerated as stocks are collapsing… ‘Chipwreck’ continues with SOX at 13-mo lows – confirming that double top… (worst month in 6 years). S&P’s tech back at 6-month lows… FANG […]
Thud! Sept New Home Sales Plunge 5.5% From Dramatically Revised Lower August

Thud! Sept New Home Sales Plunge 5.5% From Dramatically Revised Lower August

The housing data today is downright miserable. Sales plunged a whopping 5.5% from a dramatically revised lower August. August new home sales were originally reported at 629,000 units at a Seasonally Adjusted Annualized Rate (SAAR). Today the New Residential Sales report shows August at 585,000 units and September at 553,000. Before diving into the dismal numbers, recall […]