Category Archive: Finance
September 2017 Pending Home Sales Seasonally Adjusted Index In Contraction
The National Association of Realtors (NAR) seasonally adjusted pending home sales index was unchanged. Our analysis says it declined. The quote of the day from this NAR release: …the quest to buy a home this fall continues to be a challenging endeavor for many home shoppers … Analyst Opinion of Pending Home Sales The rolling […]
Are The Indices Ending 5 Waves Or Not?
The Elliott wave Theory is a famous trading tool and is based on the idea that the Market advances in 5 waves and corrects in 3 waves. The Theory has some basic rules which are listed below 1) Wave 2 never retraces more than 100% of wave 1. 2) Wave 3 cannot be the shortest of […]
Celgene Tops Q3 Earnings, Sales Miss, Updates View
Celgene Corporation (CELG – Free Report) reported mixed results in third-quarter 2017 wherein earnings beat expectations but sales failed to meet estimates. The company reported adjusted earnings of $1.91 per share which beat the Zacks Consensus Estimate of $1.88, up from $1.58 in the year-ago quarter. Total revenues grew 10.2% to $3.29 billion in the quarter but missed […]
EC Long The World
I am going to melt your brain today. Vanguard has an ETF that allows you to get long world stock markets. The ticker: VT. This raises all sorts of interesting philosophical questions. You see, if you are long every stock in the world, you are basically long global economic growth. Which is weird! Who has an opinion […]
Pending Home Sales Flat, Stuck At Two-Year Lows: Visible Hurricane Impacts
Pending home sales for September, an advance indicator of existing home sales was flat for the month. Economists expected a gain. The Econoday pending home sales consensus for september was a gain of 0.4% in an extremely wide range of -1.9% to +1.9%. The NAR reports the index was flat vs August at 106.0, down from […]
The Most Active Equity Options And Strikes For Midday – Thursday, October 26
Top Tickers for Most Active Equity Options and Strikes for Midday, October 26
Cryptocurrencies Move A Step Closer To The Mainstream
The opening of the LedgerX platform creates the possibility of large-scale trading among traditional financial institutions. Normalization. Photographer: Sean Gallup/Getty Images Last week may be remembered as the turning point when cryptocurrencies joined the mainstream financial system, as the clearing and trading platform LedgerX 1 opened for business. About 20 institutional investors — including investment banks, asset […]
EUR/USD – Ready To Crumble?
Mario Draghi destroyed the euro today but essentially telling the market that despite the best economic growth in years, he wasn’t ready to pull the plug on QE just yet. By extending QE to 9 months into 2018 Mr. Draghi dashed any hopes of an early taper and broke the hearts of euro bulls. […]
