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Two Of The Most Economically Sensitive Sectors Are Warning What’s Coming

Two Of The Most Economically Sensitive Sectors Are Warning What’s Coming

The bounce is now ending. Credit has been leading stocks during this recent bout of volatility. Credit isn’t “buying into” this bounce at all, having already broken back down into the gap up from yesterday’s rally. By the way, in October, Junk Bonds posted their worst monthly return since the depth of the 2008 crises. […]
Gold Rally Pre-Market… Sustainable?

Gold Rally Pre-Market… Sustainable?

(Video length 00:19:35) In this video, we will discuss the morning’s price action and stock chart of the US Dollar and the price of gold. There is no significant news to reference as to why the US Dollar is falling and the price of gold. We will also discuss the premarket activity of the US […]
Weekly Unemployment Claims: Down 2K – Thursday, Nov. 1

Weekly Unemployment Claims: Down 2K – Thursday, Nov. 1

Here is the opening statement from the Department of Labor: In the week ending October 27, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 213,750, […]
Fresh Start

Fresh Start

Not in many years have bulls been this happy to put a month behind them as the declines of October are relegated to the history books. November is looking to start off on a positive note, but we still have about an hour until the opening bell for the month even rings. On the economic […]
The October Curse: Who Survived & Who Didn’t

The October Curse: Who Survived & Who Didn’t

The S&P 500 Index dropped 6.84%, including dividends in a showing that was a rude awakening for investors who had, once again, become complacent. The beginning of this year was marked by a surge in January following a year in which the index didn’t drop for a single month. But after February and March wiped […]
October 2018 Job Cuts Surge 37%

October 2018 Job Cuts Surge 37%

from Challenger Gray and Christmas For the third time this year, one company’s announcement has made up the bulk of job cuts for one month, as U.S.-based employers announced plans to cut 75,644 jobs from their payrolls in October. Last month’s total is 36.8 percent higher than the 55,285 cuts announced in September and 153.6 […]
Shell Q3 Earnings Miss, Cash Flow Soars To $12B

Shell Q3 Earnings Miss, Cash Flow Soars To $12B

An Earnings Miss: Europe’s largest oil company Royal Dutch Shell plc (RDS-A- Free Report) reported earnings per ADS (on a current cost of supplies basis, excluding items – the market’s preferred measure) of $1.36, below the Zacks Consensus Estimate of $1.43 but above the year-ago profit of $1.00. Estimate Revision Trend & Surprise History: The stock had seen the Zacks […]
Carl Icahn Sues Dell Over Plans To Go Public

Carl Icahn Sues Dell Over Plans To Go Public

Affiliates of Carl C. Icahn, which own 18.5 million shares, or 9.3%, of Dell Technologies Inc.’s Class V Common Stock, have commenced litigation against Dell Technologies Inc. The complaint was filed in the Court of Chancery of the State of Delaware on October 31, 2018. “Icahn affiliates forced to file complaint against Dell because even […]
AUDUSD Triggers Price Rally, Eyes More Strength

AUDUSD Triggers Price Rally, Eyes More Strength

AUD/USD triggers price rally and now eyes next resistance at 0.7200 level. On the upside, another resistance lies at the 1.7250 level. A cut through here will turn attention to the 0.7300 level and then the 0.7350 level. Break above here will open the door for a move towards the 0.7400 level. Its daily RSI […]
October’s Selloff Was Panicky – Or Not – Depending On What Metrics One Looks At

October’s Selloff Was Panicky – Or Not – Depending On What Metrics One Looks At

One of the knocks against October’s selloff in stocks is that there was no capitulation. That depends on what indicators one looks at.   On October 10, the ratio between NYSE decliners and advancers read 7.9. In that same session, down volume was 9.8 times to that of up, followed by a reading of 4.9 […]