Category Archive: Finance
ETFs To Buy/Avoid After Healthcare Bill Failure
U.S. President Donald Trump’s first major legislative move to overhaul the U.S. healthcare system had another setback after Republican leaders in the Senate abandoned the healthcare bill aiming to repeal and replace Obamacare. The collapse of the bill in Senate renewed worries over Trump’s ability to deliver on other agenda including tax cuts, deregulation […]
GBP/USD Rejected At Resistance – Price Constructive Above 1.2890
GBP/USD Daily Timeframe Technical Outlook: Sterling has been trading within the confines of this ascending pitchfork formation extending off the 2016 low with the rally encountering confluence resistance last week at the median-line / 38.2% retracement at 1.3121. Interim support rests with the monthly open with our broader focus higher in the pair while above 1.2854/91. A breach of the […]
Short-Term Support Held And Dip Buying Still In Effect
Support holding strong, dip-buyers still flying in at any moment of weakness. Yesterday was a sound day for the bulls from a technical standpoint. For one, the S&P 500, by a large margin, saw a huge uptick in volume from the day before. Which is good, because I kind of thought the market was dying […]
Crypto Currencies And Initial Coin Offerings
I think there are a few crypto currencies that will probably survive over the longer term because they have a good ecosystem and a critical mass of adopters. The three I think most likely to survive are bitcoin, ethereum and ripple. I am afraid for the rest it is way too late and some of […]
BriaCell Clinical Update Shows Progress With Breast Cancer Program
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. BriaCell Therapeutics Corp. (TSXV: BCT) (OTC: BCTXF) continues to enroll patients in its Phase 1/2a clinical trial of BriaVax™ for the treatment of advanced breast cancer. The third patient enrolled earlier this week, making it […]
Bitcoin Versus Tesla
Last night, over drinks – a detail that will gain more salience when I describe the discussion – several friends and I were talking about lots of market-related items (as well as, of course, many non-market items). The topics were as diverse as bitcoin, New Jersey Transit, and Tesla. However…and here’s where the drinks may have played […]
Mr. Market And A Valuation Of The Dow For Value Investors – July 2017
Mr. Market’s Mental State Legendary value investor Benjamin Graham is probably most famous for his Mr. Market parable. In the story, an investor is greeted each day by Mr. Market, who offers to purchase the investor’s stocks. Every offer is different, and sometimes the price is insanely high, sometimes it seems fair, and other times […]
WTI Jumps Back Above $47 After Crude Draw; Production At Highest Since July 2015
After API’s surprise crude build, DOE dashed bears’ hopes with a bigger than expected crude draw (-4.727mm vs -3.5mm exp) as the entire energy complex was inventories decline. WTI prices kneejerked back above $47 on the point but stalled a little as once again production jumped (to its highest since July 2015). API Crude +1.628mm (-3.5mm exp) Cushing +608k […]
The Smell Of Dry Paint In The Morning
Irish Playwright Oscar Wilde defied Aristotle’s memorable mimesis and contention that Art imitates Life. In his 1889 essay The Decay of Lying, Wilde opined that, “Life imitates Art far more than Art imitates Life.” Jackson Pollock, the American painter, aesthetically rejected both philosophies as facile. We are left to ponder the genius of his work, which […]
Axiom Says Buy First Solar As U.S. Industry Boosted By Possible Trade Action
The shares of a number of solar companies are rising after research firm Axiom wrote that the sector is benefiting from increased U.S. demand ahead of a price floor that could be imposed by the U.S. towards the end of the year. Axiom upgraded its rating on First Solar (FSLR) to Buy from Hold and […]
