Category Archive: Finance, No picture
Gold Rebound Vulnerable To Hawkish Fed Rhetoric
GOLD TALKING POINTS Gold extends the rebound from the 2018-low ($1160) amid the recent weakness in the U.S. dollar, and the precious metal may continue to gain ground over the coming days as it initiates a fresh series of higher highs & lows. GOLD REBOUND VULNERABLE TO HAWKISH FED RHETORIC The inverse relationship between gold and the […]
“Keep An Eye On Gold” – Trader Sees Market Screaming “Gimme A Break Already”
Markets are screaming “gimme a break already,” according to the former fund manager and FX trader Richard Breslow, who notes that with Turkey on an extended summer holiday and Chinese equities getting a late-day boost from their friends, there has been little appetite for angst. Breslow suggests “we should try it on for size and enjoy it while it […]
British Pound Set To Weaken Further, But Some Hope On The Horizon
British pound now the second-worst major currency (AUD takes the crown this year) UK inflation past its peak, while UK growth outlook now improving Despite improving data, pound to weaken further as safe havens shine In our previous piece on pound sterling, we wrote that the currency was likely to weaken thanks to (1) slowing […]
Margin Debt And The Market – Monday, August 20
Note: The NYSE has suspended their NYSE Member Firm margin data as of December 2017. We have replaced our Margin Debt data with FINRA data, which includes data for all firms, not just NYSE member firms. The New York Stock Exchange previously published end-of-month data for margin debt on the NYX data website, including historical data going […]
Snap Fumbles
Early this month, social messaging service Snap (NYSE: SNAP) reported its second quarter results that beat estimates. However, the market is diappointed with the sequential decline in the number of its daily active users. Snap’s Financials For the second quarter of the year, Snap’s revenues grew 44% to $262 million, beating the analyst estimate of […]
Turkey Is Not Contained
During my last appearance on CNBC, before I was banned several years ago, I warned that the removal of massive and unprecedented monetary stimuli from global central banks would have to be done in a coordinated fashion. Otherwise, there would be the very real risk of currency and debt crises around the world. However, […]
Tesla: $280 Big Support
We told subscribers before Friday’s open on Tesla “the stock can drift below $300 to $280”. There is major support at $280 as you can see in the chart to the left. Today’s low hit into the $280s. We wrote to subscribers last week, “I would be patient before adding aggressively. We need bad news to clear […]
Speculative Position Adjustments Include The First Net Short Euro Position In Over A Year
There were several adjustments in speculative positioning in the futures market that we want to bring to your attention. In the currency futures, speculators are now net short euros for the first time since May 2017. At a little less than 1.8k contracts, the net short position is not particularly large. The record net long […]
2801 Level Will Be Key For The Bulls
My Swing Trading Approach On Friday, I added one new position to the portfolio, which was in the tech sector. With my portfolio is mostly in cash (70%) and 20% tech, any additional trades will be outside of the sector. I also will look to tighten my stops in my existing trades where feasible. Volume […]
When Economist Become Demagogues
Since the financial crisis, economists have been frustrated by their lack of influence in Washington. From the profession, President Barack Obama recruited leftist ideologues. They concluded, for example, that boosting the minimum wage would increase the demand for semiskilled workers and raising the demand for health-care services would lower prices. The principle economist among the […]
