Category Archive: Finance
New Record High On Bitcoin! Where To Next?
Summary Strong bullish trend continuation signal Several, likely temporary initial targets derived from multiple Fibonacci measurements Watch for temporary retracements for new opportunity to enter Bitcoin (BTC/USD) breaks out with conviction to a new record high as it moves above the prior peak of $4,979.90 reached in the beginning of September. That peak was followed […]
NCS Multistage Holdings Could Head Lower On Lockup Expiration
October 25, 2017 concludes the 180-day lockup period on NCS Multistage Holdings (NCSM). When the lockup period ends for NCSM, its pre-IPO shareholders, directors, and executives will have the chance to sell their 38.5 million outstanding shares. With just 9.5 million shares currently trading, any significant sales could flood the market and cause a sharp, temporary, decrease […]
Current Indications Are For Higher Equity Markets
“Davidson” submits: Investing increasingly requires a global perspective. I recommend portfolios carry an exposure of 60% Domestic vs. 40% Intl Equities. A significant impact to market pricing of Intl Equities for US investors has always been shifts in the Trade Weighted US$ Index. Even if one gets the economic cycle correct, shifts in the US$ […]
The Philly Fed ADS Business Conditions Index Update – Thursday, October 12
Note: We’ve updated our periodic look at the Philly Fed ADS Index today’s release, which includes jobless claims through October 7. The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, […]
Japan’s 28-Year Bear Market Is Finally Over
Japanese investors know what a bear market is. The Nikkei 225 Index, a benchmark index for the country, peaked in 1989. Japan’s central bank has added to investors’ distress. Long-term rates have been below 1% for more than five years and have even been negative at times. This makes it almost impossible for investors to […]
Wells Fargo Says Buy Micro-Cap Drugmaker Ahead Of Cancer Immunotherapy Meeting
Shares of Infinity Pharmaceuticals (INFI) are on the rise after Wells Fargo analyst Jim Birchenough upgraded the stock to a buy-equivalent rating following the selection of IPI-549 monotherapy data as a late breaker oral presentation at an immunotherapy-focused cancer meeting in November. The analyst argued that the develop-stage company’s IPI-549 is showing promise in the […]
EC Was It Worth It?
On the grand scene of financial innovations, the exchange-traded fund was fairly innocuous at first. It took a good 15 years of slow realization for people to figure out how disruptive they would ultimately be. “Exchange-traded fund” isn’t even a very good name, since closed-end funds were also exchange-traded. And the ETF wrapper still isn’t […]
Impressive Data On The Chinese Demand
Today the Shanghai Gold Exchange (the SGE) released the September data on the gold and silver demand. In my opinion, the Chinese demand for gold and silver is very strong. Here are the appropriate charts: Gold: …and silver: Gold figures are especially impressive – since the beginning of 2017 the Chinese have withdrawn 1.5 thousand tons […]
U.S. Producer Prices Jump In September
Producer prices in the U.S. rose higher in September following the biggest increase in gasoline price in more than two years. The producer price index increased by 0.4 percent in September, up from an increase of 0.2 percent in August, the Labor Department said on Thursday. On a yearly basis, producer prices rose 2.6 percent, […]
After Solid Third Quarter, Stock Markets Look Ahead To Promising Q4
July-September was another record-breaking quarter for Wall Street, as investors rallied behind upbeat corporate earnings and expectations of tax reform under the Trump administration. European markets in September also rung up their best month of 2017, a sign that the bull market still had legs. The Dow Jones Industrial Average rounded out its eighth consecutive […]
