Category Archive: Finance
CBOE Close To Launching Ethereum Futures: Report
First came Bitcoin futures. Now it’s Ethereum’s turn. Cboe Global Markets, the exchange behind the first market for Bitcoin futures, has telling market makers it is close to rolling out futures for Ether, the second-largest cryptocurrency by market capitalization, and may launch the product by the end of 2018, Business Insider reports citing people familiar with the […]
Lululemon Soars On Blowout Same Store Sales Growth
(Video length 00:03:15) Brian Nagel, Oppenheimer analyst, discusses Lululemon’s strong earnings report. He has an “outperform” rating and $140 price target on the stock.
Ford’s Bonds Crushed On Moody’s Downgrade To One Notch Above Junk
Ford bonds are down 4% after being downgraded to one step above junk. Moody’s outlook is negative. Yesterday, the Detroit Free Press reported Ford Investment Rating Cut to One Notch Above Junk. The Moody’s analysis said it “reflects the erosion in the company’s global business position and the challenges it will face implementing its Fitness Redesign […]
Two Measures Of Inflation And Fed Policy – Thursday, August 30
Note: The charts below have been updated with the latest Personal Consumption Expenditures price index from the Bureau of Economic Analysis. The annualized rate of change is calculated to two decimal places for more precision in the side-by-side comparison with the Consumer Price Index. The BEA’s Core Personal Consumption Expenditures Chain-type Price Index for July, released this morning, […]
Consumer Confidence Hits 18-Year High: 3 Fund Picks
The measure of confidence that U.S. citizens vest in the domestic economy, also known as consumer confidence, rose in the month of August to its highest settlement in the last 18 years. Most of the surge has been attributed to strong employment prospects, high wages, and upbeat economic conditions. Notably, U.S. GDP logged its best […]
Stocks And Precious Metals Charts – I Shall Not Want – Short Positions On Risk Safe Havens At New Highs
No comments tonight as I have to hurry up and wait at the dentist’s office. There was intraday commentary on bubbles and busts here. Tomorrow will mark the first anniversary of the passing of my Mary .Eternal rest grant unto her and all of your faithful servants and all those of good and loving hearts. See […]
DSLV Update…The Chartology Of Silver
Today DSLV 3 X short silver ETF, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50-day ema which is currently at 30.06. ZSL is a 2 X leveraged ETF if […]
Mirror Image
Given the success of recent picks lately (DLTR, BIG, TROX), I wanted to share another intriguing short setup, which is Acadia Pharmaceuticals. Its topping pattern right now seems to mirror perfectly its basing pattern from years ago. I anticipate much lower prices in the months ahead. Apparently, their big product is a drug that combats hallucinations. This market […]
NZD/USD Outlook Mired By Failure To Break Channel Resistance
NEW ZEALAND DOLLAR TALKING POINTS NZD/USD pares the rebound from the 2018-low (0.6544) as business sentiment in New Zealand slips to a 10-year low, and the exchange rate may exhibit a more bearish behavior over the coming days as it continues to track the downward trend from earlier this year. NZD/USD OUTLOOK MIRED BY FAILURE TO […]
