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Pulte Homes: Staying Confident Despite Challenging Operating Conditions

Pulte Homes: Staying Confident Despite Challenging Operating Conditions

Pulte Homes (PHM) reported Q3 2018 earnings on October 23rd. The stock responded favorably with a 7.3% one-day gain. That same day, the S&P 500 (SPY) gapped down and sold off for four more trading days. The index now sits at a near 7-month low while PHM is holding an impressive 24.1% total post-earnings gain. This relative out-performance is […]
Weekly Gold Forecast – Monday, Nov. 26

Weekly Gold Forecast – Monday, Nov. 26

Gold prices fell $4.21 an ounce on Friday as a stronger U.S. dollar index put some downside pressure on the precious metals markets. Despite Friday’s losses, XAU/USD ended the week with a gain of $0.66. Federal Reserve officials indicated last week that they plan to proceed with a December rate hike, but their cautious comments […]
Natural Gas Week Ahead – Monday, Nov. 26

Natural Gas Week Ahead – Monday, Nov. 26

Nymex Natural Gas forward markets had another volatile week, fainting the previous one’s large trading volumes and closing just 0.87% higher at $4.30. Underground stocks decreased by far and away on 138 Bcf, yet the market did not go north which might be a first bearish sign, while we anticipate a reverse in sentiment, on […]
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                        SPX, Gold And Oil Targets For The Week Of November 26th

E SPX, Gold And Oil Targets For The Week Of November 26th

Instead of a seasonal bounce, the Thanksgiving week brought a whiff of panic and liquidation. The futures dropped below the weekly sell pivot at 2700 on Monday and never looked back. There’s no technical support between Friday’s close and the October ’19 low. However, considering the overall technical picture, market breadth and internals, there’s reason […]
Best Stock Charts: Facebook Stock Chart Analysis

Best Stock Charts: Facebook Stock Chart Analysis

In best stock charts this week we discuss the signals by the market which are major breakdowns in large cap stocks such as Facebook (FB), Deutsche Bank (DB) and General Electric (GE). We review the stock charts of these names and discuss if they will proceed lower. Video length: 00:15:11 Symbols Are Reviewed In The […]
“It’s Been A Pretty Miserable Year. 2019 Isn’t Looking Any Better Either” Says T. Rowe Price

“It’s Been A Pretty Miserable Year. 2019 Isn’t Looking Any Better Either” Says T. Rowe Price

Back on November 1, we reported  a “fascinating statistic” by Deutsche Bank – as of the end of October, 89% (a number that has since risen to at least 90%) of most major global assets had a negative total return year to date in dollar terms. This was the highest percentage on record based on data back to 1901, […]
The EU Summit Approves Brexit, But The Pound Has Three Reasons To Suffer

The EU Summit Approves Brexit, But The Pound Has Three Reasons To Suffer

The EU approved the Brexit deal at the special EU Summit. The agreement was priced in, but the hurdles to pass it in Parliament are harder. GBP/USD could remain under immense pressure. The special summit of the European Union on Brexit ended with an approval of the deal that sets the path for the divorce between the […]
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                        Weekly Crypto – Winter

E Weekly Crypto – Winter

To everything there is a season, and a time for every purpose under heaven: A time to be born, and a time to die; a time to sow and a time to reap; a time to kill and a time to heal, a time to break down and a time to build… – Ecclesiastes 3:1-3 The […]
EUR/USD Weekly Analysis – Sunday, Nov. 25

EUR/USD Weekly Analysis – Sunday, Nov. 25

EUR/USD remains in the downtrend from 1.1815; the bounce from 1.1215 is likely consolidation for the downtrend. As long as 1.1500 key resistance holds, the downside movement could be expected to continue and the next target would be at the 1.1100 area. Only a breakout of 1.1500 resistance would indicate that the downside movement had […]
The Final Five

The Final Five

We’ve got just five full trading weeks left in the year, and what a year it’s been. For me, there’s two anchor points: the first is the complete head-fake the market played on us bears late in January and early in February, and the second is the market break that began in October 4th and […]