Category Archive: Finance
This Week In Cryptocurrency – Friday, August 24
*Sad Trombone* Although not a dramatic drop-off like we’ve seen in previous weeks, the market remained relatively stagnant seeing slightly lower ‘lows’ throughout the week. This week, the entire market dipped just -0.04% on the heels of several Bitcoin ETF rejections (or were they reviews?) by the SEC. While some view anything but twenty percent […]
Netflix Rises After Analyst Upgrade Citing Stock Price Pullback
Shares of Netflix (NFLX) are rising after a SunTrust analyst upgraded the stock to Buy citing stock price pullback. UPGRADE: SunTrust analyst Matthew Thornton upgraded Netflix to Buy from Hold while lowering his price target to $410 from $415, saying the pullback after the second quarter subscriber miss was driven in part by the interest […]
Sell-Off In The Market
My Swing Trading Approach I continue to book profits in trades along the way, where it makes sense. Yesterday, I closed out my trade in Twitter (TWTR) for a solid +4.7% profit following a candle and lack of breakout that was less than desirable. Nonetheless, I managed the profits and made a good trade out of it. I am […]
Is The Rental Vacancy Rate A Leading Signal For The Housing Market?
Here is something I noticed while putting together my piece yesterday on the housing market. Three of the series — new home sales, existing home sales, and single family starts — all peaked last November: That made me go back and think about an anomaly I had noticed, but hadn’t figured out, with regard to […]
Rail Week Ending August 2018: Economically Intuitive Sectors Rate Of Growth Continue To Slow
Week 33 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis for carloads, this week it expanded […]
EURJPY: Bullish, Extends Recovery Higher
The EURJPY pair looks to recover further higher following a hold on its recent gains during Friday trading today. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. […]
Gold Rallied 30% Last Time This Took Place, Says Joe Friday
This chart looks at the current position of “Smart Money Hedgers” from Sentimentrader.com and Gold futures over the past couple of years. In late 2015, smart money hedgers established a big bet, believing that Gold would trader higher. They were correct, as Gold rallied nearly 30% in the next 6-months. Joe Friday Just The Facts Ma’am– Smart money […]
Silver Lining Seen For Falling Copper Prices
In 2017, copper had one of its best years gaining by more than 25%. The bullish momentum was mostly because of the global growth, a strike in Chile, and the perceived demand increase as more people move to electrical vehicles. This year, the metal – often known as Dr. Copper – has had a rough […]
Foot Locker (FL) Q2 Earnings And Revenues Top Estimates
Foot Locker (FL – Free Report) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected […]
Weekend Reading: Impeachment Risk
Yesterday, the President stated: “If I ever got impeached, I think the market would crash. I think everybody would be very poor. Because without this thinking, you would see, you would see numbers that you wouldn’t believe in reverse.” It is an interesting statement because there has been little to seemingly deter the bullish momentum […]
