Category Archive: Finance
Car Manufacturers Are Electrifying Copper, “The Metal Of The Future”
As many of you know, copper is often seen as an indicator of economic health, historically falling when overall manufacturing and construction is in contraction mode, rising in times of expansion. That appears to be the case today. Currently trading above $3 a pound, “Doctor Copper” is up close to 28 percent year-to-date and far […]
Q3 Earnings Preview: Strong Start From Banks And High Expectations For Netflix Tonight
The big banks kicked off earnings season on a fairly high note when they reported last week, with JPMorgan and Bank of America beating on both the top and the bottom line, Citi only beating on the top line, while Wells Fargo missed on both. Overall the Estimize community is expecting another strong earnings season, […]
Mississippi Company Economics
We have seen today’s economics in action before. Not in the 1720 South Sea Bubble – that was a simple stock market frenzy, similar to that of 1999, with a debt conversion scheme buried in it, but no excessive leverage. However, the almost exactly contemporary Mississippi Company/ Banque Royale scheme, devised in Paris by the […]
Retail’s Gravity
Retail continues to perform nicely for the one bear left on this entire planet. Chico’s, for instance – – purveyor of threads to women of a certain age – – is the gift that keeps on giving. And, in more of a macro play, the sole bear left on earth is also short DDR, which […]
EUR/USD Elliott Wave Analysis – Monday, October 16
EUR/USD Elliott Wave Analysis in 15 Minutes chart Bullish trend is present in EUR/USD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, during my daily Forex Live Trading Room session, the price of EUR/USD currency pair is going to rise up now on a short-term basis […]
More Price Action From This Market
I would like more price action from this market, but I can’t force that. I have to wait for that to happen, and to place my trades accordingly. Right now, I don’t want to add additional long exposure, until this market can put together a decent breakout to the upside. Indicators VIX – Not surprising to […]
Dizzying Heights For The YM E-Mini
For nervous investors with a fear of heights, the words of Jesse Livermore echo through the trading ages, as he exhorted fellow traders that a stock was never too high to buy or too low to sell. And the former is of course the more appropriate here, as the YM e-mini futures reflecting the cash […]
Stocks Still Have Strong Low-Inflation/Low-Rates/Improving-Economy Tailwind
Lower Rates Longer When interest rates are low and economic data is improving, stocks typically get an added opportunity-cost boost relative to bonds. From The Wall Street Journal: “Leaders of the world’s largest central banks indicated that weak inflation in advanced economies could prolong the post-crisis era of easy-money policies. Despite a broad-based improvement in the […]
Oil Rally Threatened As China Reportedly Offers To Buy Aramco Stake Directly
Amid confusion over whether the massive Saudi Aramco IPO is on hold until 2019, or permanently shelved in favor of a private placement, Reuters suggests the latter is now more likely as ‘sources familiar with the matter’ say China is offering to buy up to 5 percent of Aramco directly (offering the Saudis the lack of transparency they may have been nervous […]
September 2017 Import Sea Containers Continue To Suggest Improving Economy, Exports Not So Much
The September month-over-month import container counts are still suggesting an improving USA economy, but exports suggest a sluggish global economy. Analyst Opinion of Container Movements Simply looking at this month versus last month – the growth rates improved for both exports and imports. Looking at the three month rolling averages this month shows improvement in […]
