Category Archive: Finance
E Miners Are Testing Yesterday’s Highs
Miners are testing yesterday’s highs, and we may have an interim low if prices close above them. A bounce should last 1-2 weeks. The 50-day EMA will be key. If prices fail to retake the 50-day (3-closes above), then they will rollover and continue dropping. -GDX- Prices are testing yesterday’s high. A daily cycle low […]
Gold Miners’ Q4’16 Fundamentals
The gold miners’ stocks have corrected hard in recent weeks, hammered by a gold pullback driven by soaring Fed-rate-hike odds. Like any considerable selloff, this has spawned serious bearish sentiment. But the gold miners’ underlying operating fundamentals remain quite strong, proving the recent selling was purely psychological. This sector’s just reported fourth-quarter results are impressive, […]
Best Buy: Successful Turnaround Fuels A 21% Dividend Increase
Retail has always been a difficult business. But it has become even more challenging lately, due to the e-commerce boom. Amazon.com (AMZN) and other Internet retailers are a dangerous threat to most brick-and-mortar retailers. Consumers are clearly loving the convenience of at-home delivery. And, Amazon.com can often lower prices than can be found at many […]
Market Health Is Bouncing Around
Over the past week, my core market health indicators bounced around but didn’t move enough to make any changes to the core portfolios. I’ve started to see a lot of chatter stating that this is the start of a larger top. So far, I’m not seeing the same evidence. There is a bit of deterioration in […]
What Hand Traders Can Learn From System Traders, And Vice Versa
Audio Length: 01:47:49 Adam Grimes has been a trader for more than 20-years, he’s traded all major asset classes, across various timeframes. He’s traded independently, with a prop firm, and he’s run other trading businesses also. The main focus of this episode is to explore some of the things which discretionary traders can adapt from […]
How Much Does Your State Need Foreign Trade?
This post on CD displayed two maps showing each US state’s largest country trading partner for exports and imports in 2016. In response to a comment on those state maps, the table below shows something that is potentially very interesting: the degree (importance) of international trade for each US state in 2015. The table shows GDP for each US […]
Is Inflation A Problem?
Since “Surprise 16” when Donald Trump won the presidential election, he has made it clear that if he has his way, he will enact inflationary policies. These include increasing defense spending and infrastructure spending, while at the same time reducing government revenue via decreased income and corporate tax rates. To achieve this objective, money must […]
Dollar Tumbles To Session Lows On Mnuchin Devaluation, Trade Deficit Warning
First, the dollar dropped following comments from commerce secretary Wilbur Ross, who said that he expected to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements. Now, in a second salvo against the strong dollar on the same day, Bloomberg reports that during his first appearance […]
Earnings Update: As Expected, Companies Beat Expectations
Written by Brad McMillan, Commonwealth Financial Network Will the stock market rally continue? That’s a big question right now, and the answer will depend on two things: Whether the fundamentals (i.e., corporate earnings) continue to improve Whether investor confidence continues to rise, driving valuations higher The signs on the latter look good. So today, we’ll take […]
Ionis Slides After Goldman Says Sell On ‘Lackluster’ Track Record
Shares of Ionis Pharmaceuticals (IONS) are slipping after Goldman Sachs analyst Salveen Richter downgraded the stock to Sell, saying the company’s antisense platform has yet to be fully optimized given the low rate of clinical success and ongoing toxicity across multiple drugs. GOLDMAN SAYS SELL: In a research note this morning, Goldman Sachs’ Richter downgraded […]
