Category Archive: Finance, No picture
Ethane To Ethylene: The Essence Of Westlake Chemicals
This week I’m seeking a high-yield and growing stock from the basic materials sector. That materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a small-cap chemicals […]
USDCAD Daily Analysis – Monday, August 27
USDCAD is facing 1.2986 support, a breakdown below this level could trigger another fall towards 1.2800. Resistance levels are at 1.3055 and 1.3103, only break above these levels could take the price to 1.3200 area.
A Major Shift Is Coming In The Markets
The markets are beginning to anticipate a weak USD. First and foremost, the Emerging Market ETF (EEM) is in the process of bottoming. EEM was crushed by the USD’s strength this summer. But it’s now starting to look like a major turn is approaching: EEM has just broken above major resistance and is in the […]
Tesla Tumbles After Musk Pulls Going Private Deal
After Musk’s surprising Friday night announcement to pull the Tesla deal, investors were not sure whether the stock would tumble (after Musk appeared to sabotage his own deal as we discussed last night), or rise as the bulls suggested, with upside no longer “capped” by the $420 take out price. The answer was the letter, with RBC […]
Morning Call For Monday, August 27
Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.25%) this morning are up +0.24% at a new all-time nearest-futures high and European stocks are up +0.27% at a 2-week high in thin trading with Britain closed for a bank holiday. Positive trade news pushed stocks higher on signs that the U.S. and Mexico were close to […]
Indian Indices Close At All Time Highs; Power Stocks Top Gainers
After opening the day in green, share markets in India witnessed positive trading activity throughout the day and ended the day in green, at a new all-time high close. Sectoral indices too ended the day in green, with stocks in the power sector and stocks in the banking sector leading the gains. At the closing bell, the BSE Sensex stood higher by 442 […]
S&P 500 At New Record, But Still Very Close To January High
The U.S. stock market indexes gained 0.5-0.9% on Friday extending their short-term uptrend, as investors’ sentiment remained bullish. The S&P 500 index has reached yet another new record high at the level of 2,876.16. The Dow Jones Industrial Average gained0.5% and the technology Nasdaq Composite gained 0.9% on Friday. The nearest important level of support of the […]
Powell Takes Some Air Out The Dollar, Boosts Gold And Silver
Federal Reserve Chair Jerome Powell delivered a speech at Jackson Hole, Wyoming last Friday that seemed to reassure financial markets. The S&P 500 (SPY) finally closed at a new all-time high, and the U.S. dollar cooled off a bit again. It took 7 months, but the S&P 500 (SPY) FINALLY closed at a new (marginal) all-time high. […]
Japan Attempting 22-Year Breakout
While stock indices in Asia and Emerging markets have been very weak this year, Japan is reflecting relative strength compared to them (down a good deal less). This chart looks at the Nikkei 225 index over the past 30-years on a monthly basis. At this time the Nikkei index is attempting to break above its 1996 highs and […]
Chicago Fed: Moderate Growth In July
“Index points to a moderation in economic growth in July.” This is the headline for this morning’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: “Led by slower growth in production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.13 in July from +0.48 in […]
